Hong Kong Property Shares Turn Toxic as Mortgage Costs Spike

Hong Kong’s property developers are fast falling out of favor among investors as surging mortgage costs and punitive taxes threaten to choke home sales. A gauge of real estate companies traded on the city’s stock market has tumbled 13 percent this ... ( read original story ...)

Hong Kong stocks plunge on Fed rate hike woe

Shares tumbled in Hong Kong Thursday, led by property firms, after the Federal Reserve lifted interest rates and indicated a further three hikes are likely next year. The Hang Seng Index dived 1.77 percent, or 397.22 points, to 22,059.40 at the close. ( read original story ...)

Hong Kong financial chief submits resignation

HONG KONG--Hong Kong's financial chief quit Monday, in what is widely seen as a prelude to a leadership bid for the southern Chinese city's top job. Financial Secretary John Tsang said he submitted his resignation to the current leader, Chief Executive ... ( read original story ...)

Hang Seng Sharply Lower, 2017 Fed Rate Hike Fears Dominate

There was no surprise in the Fed rate decision, but expectations of a faster pace of 2017 tightening were important in undermining Hong Kong stocks with fears over ... in political tensions with the US. The Hang Seng index opened significantly lower ... ( read original story ...)