China, Hong Kong stocks fall after Fed dampens long-term rate cut outlook

China, Hong Kong stocks fall after Fed dampens long-term rate cut outlook

* SSEC falls 0.8%, CSI300 0.8% lower, HSI slips 0.7% * HK->Shanghai Connect daily quota used -1.6%, Shanghai->HK daily quota used 1.5% * FTSE China A50 -1.1% SHANGHAI, Aug 1(Reuters) – China and Hong …