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Stocks hit a two week low as Alibaba Group suffers a blow from the surprise departure of its former chairman and CEO Daniel Zhang. CLSA says China needs to address real risks in the economy to boost its appeal.
The Hang Seng Index weakens for a third day as another month of weak China trade data pressures the nation’s currency and erodes the appeal of local assets.
Traders dialled back bets after a disappointing corporate earnings season, while Japanese broker Nomura turned less bullish on the outlook for Chinese equities.
Hong Kong dropped for a second day as traders dialled back bets after a disappointing corporate earnings season. Nomura turned less bullish on the outlook for…
Sentiment is mending on the back of several stimulus measures from Beijing in recent weeks, with some predicting more in the pipeline. Data this week may show China’s economic conditions improved last month.