Hong Kong stocks retreat as Alibaba drags tech peers lower with eyes on key China political meeting

//Hong Kong stocks retreat as Alibaba drags tech peers lower with eyes on key China political meeting

Hong Kong stocks retreat as Alibaba drags tech peers lower with eyes on key China political meeting

Hong Kong stocks declined for a second day with tech firms leading losers as the Chinese Communist Party kicked off a key meeting in Beijing under a cloud of economic slowdown.The Hang Seng Index retreated 0.6 per cent to 24,728.63 at the local noon break. The Hang Seng Tech Index slid 1.4 per cent, while China‘s Shanghai Composite Index added 0.1 per cent.Alibaba Group Holding, the owner of this newspaper, sank 2.3 per cent, while its health unit lost 1.9 per cent. Tencent Holdings and Meituan…

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By | 2021-11-08T02:48:07+00:00 November 8th, 2021|Business|Comments Off on Hong Kong stocks retreat as Alibaba drags tech peers lower with eyes on key China political meeting