Energy stocks led losses in Hong Kong as Opec countries tussled over a proposed deal to cut oil production, and global crude prices slipped below the US$50 threshold . Photo: Reuters

Hong Kong oil stocks thumped as crude prices fall below US$50 threshold

Hang Seng drops 1 per cent, but analysts play down continued depreciation of the yuan, insisting currency’s slide is ‘controllable’

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Energy stocks led losses in Hong Kong as Opec countries tussled over a proposed deal to cut oil production, and global crude prices slipped below the US$50 threshold . Photo: Reuters
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