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HK-listed mainland stocks hit two-month low, as Fed spurs outflow concern

By Bloomberg ( China Daily ) Updated: 2016-05-20 07:31:37

Chinese mainland stocks traded in Hong Kong fell to the lowest level in more than two months amid concern potentially higher US interest rates will spur capital outflows and hurt the earnings outlook for airlines and property developers.

The Hang Seng China Enterprises Index slid 0.7 percent at the close.

China Vanke Co and Air China Ltd led declines on speculation a weakening Chinese currency will increase the cost of servicing their dollar-denominated debt.

HK-listed mainland stocks hit two-month low, as Fed spurs outflow concern

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