(Bloomberg) -- Hong Kong stocks fell on speculation
U.S. interest rates may be raised to tame inflation, a move that
would likely drive local borrowing costs higher.
Henderson Land Development Co., Hong Kong's fourth-largest
developer by value, declined on concern customers will delay
housing purchases. Li & Fung Ltd., which sells goods to Wal-Mart
Stores Inc., dropped as traders bet U.S. demand will cool.
Read more at Bloomberg Stocks News
U.S. interest rates may be raised to tame inflation, a move that
would likely drive local borrowing costs higher.
Henderson Land Development Co., Hong Kong's fourth-largest
developer by value, declined on concern customers will delay
housing purchases. Li & Fung Ltd., which sells goods to Wal-Mart
Stores Inc., dropped as traders bet U.S. demand will cool.
Read more at Bloomberg Stocks News
No comments:
Post a Comment