HONG KONG: Hong Kong stocks tumbled again Thursday to an 11-year low as global markets were hammered by a third successive 75-basis-point interest rate hike by the Federal Reserve and a warning that more increases were in the pipeline.

The Hang Seng Index dived 1.61 percent, or 296.67 points, to 18,147.95.

Hong Kong stocks close lower ahead of Fed decision

The Shanghai Composite Index slipped 0.27 percent, or 8.27 points, to 3,108.91, while the Shenzhen Composite Index on China’s second exchange shed 0.62 percent, or 12.47 points, to 1,991.85.