STOCKS | Tencent ADR Falls 2.6% After Fed Holds Rates but Signals Hawkish Tilt

U.S. stocks fell after the Federal Reserve kept interest rates unchanged but its dot plot signaled a more hawkish stance. In Hong Kong-linked ADR trading, according to Ming Pao, Tencent fell 2.6% to an implied HK$436.68, Alibaba dropped 3.18% to HK$105.23, Meituan slid 1.46% to HK$73.96, HSBC rose 0.82% to HK$149.23, and China Construction Bank declined 2.99% to HK$8.61. Hong Kong index futures closed down 63 points at 24,200.