UPDATE 3-IndiGo eyes Air India stake in possible privatisation
* IndiGo has 40 pct of domestic market vs Air India's 13 pct (Adds comment from IndiGo owner InterGlobe Aviation)
Dec 15 Hong Kong stocks slumped to a four-month low, tracking Asian markets, after the U.S. Federal Reserve raised interest rates and rate-path projections.
The benchmark Hang Seng index extended early losses to end down 1.8 percent, at 22,059.40 points. The Hong Kong China Enterprises Index lost 2.3 percent, to 9,479.16 points.
The market had priced in the U.S. quarter-point rate increase, but investors were spooked after the Fed projected three hikes next year, up from two previously, indicating a more aggressive tightening path.
The market lost ground across the board, with the energy sector, raw materials and real estate shares falling more than 2 percent at the close.
Property shares lost favour with investors after Hong Kong raised the city's base rate by 25 basis points, thanks to the Hong Kong dollar's peg to the greenback.
The financial sector also fell sharply, led by mainland banks and insurers, amid concerns of a liquidity crunch there after several China treasury futures contracts fell to their daily limit. (Reporting by Jackie Cai and John Ruwitch; Editing by Jacqueline Wong)
LONDON, June 29 A sharp turn lower across risky assets just ahead of the open on Wall Street put European shares on course for their worst day since last September, with tech and sectors most sensitive to higher interest rates the biggest drags.