Mainland and Hong Kong Stocks Fall as US Inflation Data Sparks Fed Tightening Concerns

Mainland and Hong Kong stocks fell on Thursday, with the CSI 300 index closing down 1.2% at 4,166.01, hitting a 14-month low. Strong US inflation data fuelled market concerns about Federal Reserve rate hikes, while a sharp slump in South Korean stocks also weighed on sentiment. The Star Market 50 index fell 1.5%, touching a six-month low.