Sudden movement in Hong Kong stocks | Decline in non-ferrous stocks leading the way, Fed hawkish cut interest rates by 25 basis points, Institutions previously predicted a sufficient likelihood of a rate cut in September.

The Wisdom Financial APP has learned that non-ferrous stocks are leading the decline. As of the time of publication, Jiangxi Copper (00358.HK) fell 2.48% to 25.2 Hong Kong dollars; Luoyang Molybdenum (03993.HK) fell 2.85% to 12.28 Hong Kong dollars; Chalco (02600.HK) fell 2.12% to 7.38 Hong Kong dollars; Zijin Mining (02899) fell 1.26% to 28.14 Hong Kong dollars.