Hong Kong 50 Plunges 2.23% to 24,220, Lower Open Called on Fed Outlook

Hong Kong's Hang Seng index tumbled 551.19 points (2.23%) to 24,219.95 on April 24, snapping a four-day rally amid weak U.S. and European closes, Fed rate hold with lowered GDP forecast, and pressures on financials, property, and tech like Alibaba (-3.97%) and JD.com (-4.94%). It had plunged 352.72 points (-1.52%) to 22,849.81 on April 20 on China-U.S. trade fears and global selloff, then surged over 320 points across sessions to close up 0.48% at 26,487.48 on April 22 before dipping 1.22% to 26,163.24 on April 23. Lingering tariff concerns and oil surges add caution for a softer Asian open.