SHANGHAI, Dec 15 ― China and Hong Kong stocks fell today, tracking subdued Asian peers, hit by concerns over rising Covid-19 infections in China and disappointing economic data and the US Federal Reserve projecting higher interest rates for a longer period.
Major Chinese cities including the capital Beijing continue to grapple with a surge in infections, after the country dropped strict zero-Covid restrictions last week. Investors largely ignored government's newly-published plans to expand domestic consumption and investment. “We see a lot of selling interests on our side to sell Chinese property names,” said Tareck Horchani, head of dealing, Prime Brokerage, Maybank Securities in Singapore.