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Hong Kong stocks retreat as sentiment cools, Li Auto sinks 19% after dismal earnings

Hong Kong stocks declined by the most in five weeks, pulling back from 10-month highs as Li Auto's earnings fell short of market expectations and sparked concerns about corporate financial performances in the world's second largest economy. The Hang Seng Index lost 1.9 per cent to 19,265.74 as of 3.30pm local time, the biggest retreat since April 16. The Tech Index lost 3.8 per cent while the Shanghai Composite Index weakened 0.4 per cent. EV maker Li Auto's plunged 18.7 per cent to HK$81.20, it

China holiday spending beats pre-pandemic levels

China holiday spending beats pre-pandemic levels
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China Holiday Activity Tops Prepandemic Levels, Adds to Recovery Signs

China s weak consumer activity got a temporary boost from the Qingming holiday ended Saturday, during which more travelers hit the road, adding to signs of green shoots in the world s.

China holiday activity tops prepandemic levels, adds to recovery signs

China’s weak consumer activity got a temporary boost from the Qingming holiday ended Saturday, during which more travelers hit the road, adding to signs of green shoots in the world’s second-largest economy.

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