** New World Development's shares fall 6.6% to HK$8.25, on track for biggest one-day pct drop since March 1
** Other Hong Kong-listed property developers also lower
** New World Development, which has one of the highest debt ratios in Hong Kong's property sector, sinks to lowest since March 28
** Company's shares biggest pct loser in Hang Seng Property index and third-biggest decliner in Hang Seng index
** Prospects for a first Federal Reserve interest-rate cut before the end of summer took a body blow on Wednesday with another U.S. inflation report that cast into stark relief the stickiness of price pressures across the U.S. economy
** Traders are now betting the Fed will deliver a first quarter-point interest rate cut at its Sept. 17-18 meeting, with one more rate cut by the end of the year
** The Fed was seen cutting rates a total five times this year three months ago
** Rival property developers Henderson Land , CK Asset , Longfor , SHKP and China Overseas Land down between 0.6% and 1.5%
** Hang Seng Property index eases 0.9% and Hang Seng index slips 0.2%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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