China H Shares Slump Most in Seven Months Amid Fed Rate Concern

  • Gauge halts seven-day rising streak as financials lead losses
  • Fed official warns on risk of overheating for U.S. economy

Chinese stocks in Hong Kong slumped the most in seven months, led by financial companies, as rising bets the Federal Reserve will raise borrowing costs this year derailed one of the world’s best rallies.

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