Hong Kong stock market falls below 15,000 level, its lowest in 15 months

Hong Kong stocks continued to pile on losses from a three-week retreat on January 22, 2024. Persistently high US interest rates and investor disappointment with China keeping lending rates tied to mortgages unchanged, led to the Hang Seng Index shedding a further 2.3 per cent. Eugene Tang, managing editor of the Post’s Business desk, explains why and what to expect in the coming weeks.