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Hong Kong falls more than 2 percent. Asia markets slide after FED keeps rates unchanged.

Nov 19, 2018 06:56

Stocks in Asia were broadly lower on the final trading day of the week after the U.S. Federal Reserve left interest rates unchanged at its latest policy meeting.

The big mover to the downside was in Hong Kong, where the Hang Seng index fell 2.39 percent to close at 25,601.92.
The mainland China markets, which investors are watching closely as trade tensions between Washington and Beijing continue to weigh on sentiment, ended the trading week lower. The Shanghai composite shed 1.39 percent to close at around 2,598.87 and the Shenzhen composite declined by 0.434 percent to about 1,328.19.

The moves in China followed the country's Consumer Price Index and Producer Price Index for the month of October coming in at 2.5 percent and 3.3 percent higher, respectively, compared to a year ago.