Hong Kong’s Hang Seng Index concluded the week with its largest loss since January, weighed down by anxieties surrounding potential interest rate increases in the United States and broader global economic uncertainties.
The index finished lower on Friday, solidifying a week of considerable declines. Market analysts attribute the downturn to a confluence of factors, including speculation about the Federal Reserve’s monetary policy and concerns about the strength of the global economy.
Investors are keenly observing international economic indicators and central bank pronouncements for further clues about the direction of financial markets. The Hang Seng’s performance reflects a cautious sentiment among investors in the region.