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Local stocks retreat amid concerns about China’s property market slump. Nio bucks the trend, after getting a second fund injection from Abu Dhabi. Gansu-based companies slip after an earthquake hit the province.
Stocks struggle to maintain an upside momentum, with Meituan suffering from stiffer competition in its business. Default concerns among developers ease as Country Garden delays more bond repayment deadlines.
The Hang Seng Index advanced 0.4 per cent to 18,105.42 at 9.54am local time, halting a 4.3 per cent drop since September 4. The Tech Index gained 0.1 per cent…