Mainland China, Hong Kong stocks fall as US inflation spurs Fed tightening concerns

Stocks on the Chinese mainland and in Hong Kong slumped as a hot reading on US inflation boosted bets that the Federal Reserve will raise interest rates. The CSI 300 Index slid 1.3 per cent and the chip-heavy Star Market 50 gauge tumbled 2.3 per cent. The Hang Seng Index fell 0.9 per cent to 24,094.