Hong Kong’s stock market was weighed down by a decline in property stocks. Shares of major developers experienced notable losses, contributing to an overall negative sentiment in the market.

Concerns over potential interest rate hikes and government policies aimed at cooling the property sector have impacted investor confidence. Market analysts are closely observing trading patterns to gauge the extent of the downturn and anticipate future trends.

The Hang Seng Index reflected the downward pressure from the property sector, with traders carefully assessing the implications for the broader economy.