Stock market anomaly | Hong Kong real estate stocks perform poorly, Henderson Land Development Co. Ltd (00101.HK) drops more than 3% as Powell hints at raising interest rates later in the year.

According to the ntelligence financial APP, the Hong Kong property stocks are performing poorly. As of the time of publication, Henderson Land Development (00101.HK) fell by 2.92% to 7.31 Hong Kong dollars; Sun Hung Kai Properties (00014.HK) fell by 2.62% to 16.37 Hong Kong dollars; New World Development (00016) fell by 2.27% to 112 Hong Kong dollars; and Sino Land (00083) fell by 1.75% to 10.67 Hong Kong dollars.