--- title: "JP, TW, SK Bourses Set All-time Highs; HSI Slumps 400Pts+ to ~1Yr Low; CN Developers Subdued on Rate Hike Concerns" type: "News" locale: "en" url: "https://longbridge.com/en/news/290135127.md" description: "Major Asia-Pacific markets hit record highs, with Taiwan's TAIEX, Japan's Nikkei, and South Korea's KOSPI all reaching new peaks. Conversely, Hong Kong's HSI slumped over 400 points to a one-year low of ~23,894. Chinese property developers faced significant selling pressure due to concerns over potential further Federal Reserve rate hikes, with stocks like Agile Group and Greentown China dropping sharply." datetime: "2026-06-18T03:25:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290135127.md) - [en](https://longbridge.com/en/news/290135127.md) - [zh-HK](https://longbridge.com/zh-HK/news/290135127.md) generator: "portal-rs" --- # JP, TW, SK Bourses Set All-time Highs; HSI Slumps 400Pts+ to ~1Yr Low; CN Developers Subdued on Rate Hike Concerns The Federal Reserve put interest rates on hold as expected while signaling a hawkish bias. Several major Asia-Pacific markets set record highs this morning (18th). Taiwan's stock market grew 1.2%, reaching an intraday record high of 46,565. The Nikkei broke above the 71,000 mark, hitting a record high of 71,398. It closed at 71,052 in the half-day session, up 1,150 points or 1.65%. South Korea's Kospi rose to an intraday record high of 8,976 and last reported at 8,925, up 61 points or 0.7%. Hong Kong stocks opened lower this morning. The HSI opened down 166 points, with losses deepening in early trading. The index busted below the 24,000 level and once plunged 445 points to a near one-year trough of 23,866. It was last at 23,894, down 417 points or 1.7%, with turnover of HKD120.48 billion. The market speculated that the Fed may raise interest rates once more by the end of this year. Interest rate-sensitive Chinese property developers faced notable selling pressure. CHINA RES LAND (01109.HK) -1.260 (-3.640%) Short selling $482.91M; Ratio 38.631% dived 3%, while LONGFOR GROUP (00960.HK) -0.350 (-4.648%) Short selling $42.33M; Ratio 26.528% and CHINA OVERSEAS (00688.HK) -0.660 (-4.430%) Short selling $571.18M; Ratio 47.924% each declined 3.7-4%. AGILE GROUP (03383.HK) -0.010 (-5.525%) tumbled 6.1%. GREENTOWN CHINA (03900.HK) -0.390 (-5.039%) Short selling $4.61M; Ratio 6.997% , YUEXIU PROPERTY (00123.HK) -0.210 (-5.198%) Short selling $8.36M; Ratio 12.028% , SHIMAO GROUP (00813.HK) -0.005 (-5.882%) and CHINA JINMAO (00817.HK) -0.070 (-4.730%) Short selling $5.58M; Ratio 21.477% slid 4.1-5.2%, while C&D INTL GROUP (01908.HK) -0.540 (-3.890%) Short selling $24.36M; Ratio 25.691% slipped 3%. SEAZEN (01030.HK) -0.050 (-3.311%) Short selling $1.58M; Ratio 4.792% and R&F PROPERTIES (02777.HK) 0.000 (0.000%) lost 2-2.6%. SUNAC (01918.HK) -0.010 (-1.282%) Short selling $10.14M; Ratio 9.436% and COUNTRY GARDEN (02007.HK) -0.003 (-1.485%) Short selling $4.61M; Ratio 8.875% faded 1-1.3%. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-17 16:25.) ### Related Stocks - [03900.HK](https://longbridge.com/en/quote/03900.HK.md) - [03383.HK](https://longbridge.com/en/quote/03383.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [09979.HK](https://longbridge.com/en/quote/09979.HK.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [07200.HK](https://longbridge.com/en/quote/07200.HK.md) - [07300.HK](https://longbridge.com/en/quote/07300.HK.md) - [07500.HK](https://longbridge.com/en/quote/07500.HK.md) - [01109.HK](https://longbridge.com/en/quote/01109.HK.md) - [00960.HK](https://longbridge.com/en/quote/00960.HK.md) - [00688.HK](https://longbridge.com/en/quote/00688.HK.md) - [00123.HK](https://longbridge.com/en/quote/00123.HK.md) - [00813.HK](https://longbridge.com/en/quote/00813.HK.md) - [00817.HK](https://longbridge.com/en/quote/00817.HK.md) - [01908.HK](https://longbridge.com/en/quote/01908.HK.md) - [01030.HK](https://longbridge.com/en/quote/01030.HK.md) - [02777.HK](https://longbridge.com/en/quote/02777.HK.md) - [01918.HK](https://longbridge.com/en/quote/01918.HK.md) - [02007.HK](https://longbridge.com/en/quote/02007.HK.md) ## Related News & Research - [HSI Closes Midday at 25,345, Down 67 pts; HSTI Closes Midday at 4,477, Down 49 pts; CMOC Up over 6%; SWIRE PACIFIC A Hit New Highs](https://longbridge.com/en/news/298260064.md) - [Agile Group posts July contracted sales of RMB 490 million](https://longbridge.com/en/news/294674021.md) - [HSBC Research Cuts GREENTOWN CHINA TP to HKD8.7, Maintains Hold Rating](https://longbridge.com/en/news/297282567.md) - [Greentown Management FY26 H1 net profit attributable to owners rises 6% to RMB 271 million; revenue increases 7% to RMB 1.47 billion](https://longbridge.com/en/news/296910141.md) - [Greentown China says property sector recovery expected in 2H2026](https://longbridge.com/en/news/296990144.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**