Hong Kong shares subdued after Fed's rate on hold

Hong Kong stocks opened lower on Thursday, as the US Federal Reserve kept interest rates on hold as widely expected.

The benchmark Hang Seng Index dropped 199 points, or 0.72 percent, to 27,627.

The Hang Seng Tech Index decreased by 0.79 percent to 5,853.

However, Zijin Mining (2899) continued to rise due to the fresh record-high gold price, up 1.9 percent at the opening.

Tech heavyweights slipped, with JD.com (9618) and Baidu (9888) declining 2.3 percent and 1.2 percent, respectively.