Hong Kong Shares fall on Fed rate hike, trade war concerns

The Hong Kong stock market finished session lower on Thursday, 22 March 2018, in tandem with the softer tone of the Dow overnight after the Fed raised interest rate by 25 basis points as market expected and on fresh global trade war fears after the US said Donald Trump would impose new sanctions on China over what it called intellectual property violations. The Hang Seng Index fell 1.09%, or 343.47 points, to end at 31,071.05. Turnover decreased slightly to HK$151.9 billion from HK$152.9 billion on Wednesday.

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