Hong Kong stocks sink to near one-year low on tech, China Evergrande fallout without mainland buying support

//Hong Kong stocks sink to near one-year low on tech, China Evergrande fallout without mainland buying support

Hong Kong stocks sink to near one-year low on tech, China Evergrande fallout without mainland buying support

Hong Kong stocks sank to the lowest in about a year as China Evergrande Group’s free-fall stoked concerns about credit risks among indebted developers and Chinese officials failed to calm investors about tech sector clampdown.The Hang Seng Index slumped 4 per cent to 23,920.74 as of 11.35am local time, a level not seen since early October. The drop today is the most since a 4.2 per cent crash on July 27 as all 60 index members declined. The benchmark has lost about 17 per cent since June 30,…

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By | 2021-09-20T02:55:35+00:00 September 20th, 2021|Business|Comments Off on Hong Kong stocks sink to near one-year low on tech, China Evergrande fallout without mainland buying support