On news of no upcoming rate hike, the market actually rallied back a bit but as rate cut is also ruled out, the market trends down this week
The Long-Waited Hong Kong Market Rebounds Finally Realizes
Hong Kong equity market rallied by 7.5% this week, qualified as a weighty rebound. Increase is unbalanced though with financial stocks faring better. This can be due to change in Fed interest rate propect from cuts to no cut.