The Hang Seng Index, the Hong Kong stock market closed the morning lower today. Because investors are worried that The US non-farm payrolls grew strongly in June. This will result in the US Federal Reserve (Fed) speeding up interest rates.
The Hang Seng Index closed the morning session at 21,130.67 points, down 595.11 points or -2.74%.
The U.S. non-farm payrolls rose 372,000 in June. That was higher than analysts’ estimates of 250,000 jobs, while the unemployment rate held steady at 3.6%, in line with analysts’ expectations. and the average hourly wage of workers increased by 0.3%.
