https://sg.finance.yahoo.com/news/hong-kong-tracks-fed-hike-022145501.html
Due to the US-HK currency peg, HK has to increase its interest rate too. However, this will increase the risk of its property sector and stock market because the HK stock market is heavily weighted towards property stocks.
Since the US Fed will continue to hike interest rates 2x in 2019, HK will have to follow suits too. Therefore, it's pretty obvious what the continual interest rate hikes will do to the HK stock and property markets.
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