The Fed held rates unchanged and several officials signaled possible hikes later this year; US stocks fell overnight and the China Golden Dragon index tracked lower. Hong Kong equities reopened down after two straight declines: Hang Seng opened 166 points lower at 24,145 and plunged as much as 444 points to an intraday low of 23,868, breaching the 24,000 level. At the midday close the Hang Seng was down 1.7% and the Hang Seng Tech Index down 1.38%; market turnover was HKD164.5 billion. Sector ac

The Fed held rates unchanged and several officials signaled possible hikes later this year; US stocks fell overnight and the China Golden Dragon index tracked lower. Hong Kong equities reopened down after two straight declines: Hang Seng opened 166 points lower at 24,145 and plunged as much as 444 points to an intraday low of 23,868, breaching the 24,000 level. At the midday close the Hang Seng was down 1.7% and the Hang Seng Tech Index down 1.38%; market turnover was HKD164.5 billion. Sector action: PCB and AI small-caps extended a one-week rally; memory, semiconductors and domestic retail continued gains; biotech/innovative-drug names bounced. Broad weakness in base metals, gold, insurers and internet/tech; property and heavy machinery were soft; tourism and oil & gas fell for multiple sessions. Notable movers: 02661.HK up nearly 27%, 02685.HK up ~23.5%, 09903.HK and 02513.HK up over 12% each; 03881.HK down >11%, 02628.HK down ~5.5%, 01378.HK down >5%.