US rate increase should only have short-term impact on Hong Kong stocks: CICC

Rise in US interest rates could put pressure on Hong Kong stocks, but the impact is likely to be short-lived, investment bank says Hong Kong stocks could face greater volatility from renewed US monetary tightening, but the impact should be short-lived unless the Federal Reserve embarks on a sustained rate-increase cycle, according to China International Capital Corporation (CICC). “When fundamentals can outweigh [the impact of higher rates], it is not a major factor,” Liu said at a media briefing on Wednesday afternoon.

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