China and Hong Kong markets slip after Federal Reserve hike

Business Sep 17, 2026

China and Hong Kong markets slipped on Thursday after the US Federal Reserve bumped up interest rates by 0.25%.

The move has investors worried about higher borrowing costs, with talk of another possible hike later this year.

Key Chinese indexes dropped around 0.4%, while Hong Kong's Hang Seng Index lost 0.8%.

Chinese commodities, Hong Kong property slide

Commodity stocks were hit hardest: Chinese gold shares slid 5% and nonferrous metals dropped 3%.

Hong Kong's property sector also fell by 1.9%.

Meanwhile, biotech and semiconductor stocks held up better, as analysts see potential in China's AI hardware market, even as internet-focused companies face headwinds from slower local spending.