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Hong Kong stocks slide to four-month low as stimulus hopes fade
SHANGHAI/HONG KONG: Hong Kong stocks slumped four-month lows on Thursday, while mainland blue chips edged closer to a technical bear market, as a selloff in tech shares and fading expectations for fresh stimulus to shore up China’s economy dented investor sentiment. In Hong Kong, the benchmark Hang Seng index tumbled 2.9%, while the city’s tech shares dived 4.6%. In the mainland market, the blue-chip CSI300 index lost 1.3% at the midday break, leaving it nearly 20% below its June peak. The benchmark Shanghai composite index dropped 0.9%. The 20% threshold from a recent peak is widely defined a...
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