Hong Kong stocks ended the trading day on a negative note, reversing earlier gains due to a late sell-off. Investor sentiment was affected by concerns regarding potential interest rate hikes and the overall economic outlook.

The Hang Seng Index closed down, reflecting the broad market decline. Several blue-chip stocks experienced significant losses, contributing to the overall downward pressure.

Market analysts cited a combination of factors influencing the sell-off, including profit-taking after recent gains and renewed worries about the impact of rising interest rates on corporate earnings. Concerns about global economic growth also weighed on investor sentiment.

Trading volume remained moderate, suggesting a cautious approach among investors. The market is expected to remain volatile in the near term, with investors closely monitoring economic data and policy developments.