Hong Kong’s Hang Seng Index closed at its lowest level in more than a decade
, with stocks selling off after the Federal Reserve approved itsand signaled additional large increases were likely.
The index declined 1.6% to 18,147.95 Thursday, its lowest close since December 2011. Rising rates, high inflation, Russia’s invasion of Ukraine and various fears around China—including a regulatory crackdown, a property downturn and the country’s strict Covid-19 policies—have all caused jitters in the market this year.
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