Hang Seng closes morning down 8.99 points after Fed holds rates, inflation worries

MacroDigital Finance
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The Hang Seng Index in Hong Kong closed the morning session down 8.99 points, or 0.03%, at 25,798.93 points, after the US Federal Reserve voted non-unanimously to keep short-term interest rates at 3.50 to 3.75 percent at its meeting on Wednesday. Nine members of the policy-setting committee voted to hold rates, while three voted for a 0.25 percent increase, amid concerns that inflation has remained above the Fed's 2 percent target for more than five years.

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