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المشهد العربي
China stocks fall post U.S. rate hike
Stock indices in China and Hong Kong were negatively affected following the US interest rate hike, with shares in sensitive sectors such as gold and real estate declining between 1% and 4%. The US dollar remained steady against the yuan at 6.7071 yuan. Hong Kong raised its base interest rate by 25 basis points to reach 4.25%, in line with the Federal Reserve's move. This downturn is attributed to worries over capital outflows resulting from the increase in US interest rates for the first time in three years.
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