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Stocks slip after a promising start following a US report showing slowing core inflation. Losses set in as BYD leads EV makers lower amid EU probe on China subsidies.
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…
The Hang Seng Index fell 1.1 per cent to 17,903.16 at 9.54am local time, adding to a 4 per cent decline over the past four trading days. The Tech Index…
Stocks struggle with poor sentiment as Alibaba and Longfor pace losses. Reports this week may show China’s economic recovery remains weak. EV makers BYD and Xpeng offer a bright spot as industry sales expand.