HK Stock Market Move | Hong Kong real estate stocks are sluggish, HANG LUNG PPT(00101) fell more than 3%, with expectations of interest rate hike by the Federal Reserve heating up.

The Hong Kong property stocks have been sluggish, as of the time of writing, HANG LUNG PPT (00101) fell by 2.92% to 7.31 Hong Kong dollars; HYSAN DEV (00014) fell by 2.62% to 16.37 Hong Kong dollars; SHK PPT (00016) fell by 2.27% to 112 Hong Kong dollars; SINO LAND (00083) fell by 1.75% to 10.67 Hong Kong dollars. On the news front, the Federal Reserve announced that it would keep the federal funds target rate range unchanged at 3.5% to 3.75%, in line with market expectations. The "dot plot" shows that 18 Federal Reserve officials expect the federal funds rate to rise to 3.75% - 4% by the end of 2026. It is worth noting that the new Federal Reserve Chairman Kevin Wash also sent a hawkish signal in his speech at the press conference. He stated that the commitment to achieve the 2% inflation target is firm, consistent, and clear, and that the Federal Reserve has not been able to achieve the inflation target for five years and now needs to take action to correct it. As a result, traders have fully priced in the Federal Reserve raising interest rates before October 2026, with a 100% probability of a rate hike within the year.