Wary HK stocks down 0.2 pct by midday, eyes on rates

Newswire

(Updates to midday close) HONG KONG, March 22 (Reuters) - Weakness in oil producer CNOOC and some property stocks like Cheung Kong helped drive Hong Kong's leading share index down 0.20 percent by the end of the morning session on Tuesday. Market sentiment was also cautious ahead of a widely expected U.S. interest rate hike and as investors awaited clues to further rate increases over the year. See [FED/R] for the latest Fed poll. Because of its currency peg, Hong Kong tends to follow ...

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