Hong Kong stocks followed global markets lower on Tuesday, as investor sentiment was dampened by worries about slowing economic growth and the potential for interest rate hikes. The Hang Seng Index experienced a notable decrease, reflecting widespread selling pressure.

The decline was broad-based, with various sectors feeling the impact of the negative market sentiment. Financial stocks, in particular, were under pressure due to concerns about the impact of rising interest rates on lending and investment activities.

Analysts attributed the sell-off to a combination of factors, including:

• Concerns about global economic growth prospects
• Anticipation of tighter monetary policy by central banks
• Geopolitical uncertainties

The Hong Kong stock market’s performance mirrored similar trends in other major markets around the world, highlighting the interconnectedness of the global financial system. Investors are closely monitoring economic data and policy announcements for further clues about the direction of the market.