Hong Kong stocks sank on Friday as optimism over a US debt deal was overshadowed by a tech sell-off, fuelled by disappointing earnings from ecommerce titan Alibaba that added to worries over China s economy.
Hong Kong shares opened sharply lower Friday morning, dragged by tech firms after a disappointing earnings report from ecommerce titan Alibaba that added to worries about China s consumer demand.
Hong Kong must not "recommend books with unhealthy ideas", the city s leader John Lee said on Thursday, following the removal of library books related to the deadly Tiananmen Square crackdown and other political issues.
Hong Kong shares rallied at the open of trade Thursday morning, tracking a surge on Wall Street fuelled by optimism US lawmakers will soon hammer out a debt ceiling deal to avert a default.
Hong Kong stocks finished on a strong note Thursday as global markets advanced on optimism that US lawmakers will soon raise the country s borrowing limit and avert a painful debt default.