Hong Kong stocks rebound as traders deem Alibaba, tech sell-off as unwarranted while Li Ning slumps on stock placement plan
Li Ning plunges by as much as 8.1 per cent after unveiling a plan to raise US$1.35 billion via a stock placement. Ping An Insurance and Sinopec add to a slew of weak corporate earnings as China slowdown bites.
Source: scmp.com