Hong Kong stocks slip from nearly a one-month high, as Tencent comes under further scrutiny

//Hong Kong stocks slip from nearly a one-month high, as Tencent comes under further scrutiny

Hong Kong stocks slip from nearly a one-month high, as Tencent comes under further scrutiny

Hong Kong stocks slipped in early trading on Thursday from their highest level in nearly a month, as technology giant Tencent Holdings dragged the benchmark lower amid concerns that mainland Chinese regulatory authorities were ramping up a crackdown on fintech companies.The Hang Seng Index slipped by 0.3 per cent to 29,077.93 on Thursday morning, after rising for two consecutive days to its highest level since April 29.On the mainland, the Shanghai Composite Index was little changed after three…

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By | 2021-05-27T02:27:23+00:00 May 27th, 2021|Business|Comments Off on Hong Kong stocks slip from nearly a one-month high, as Tencent comes under further scrutiny