Asian markets from Japan to Australia tumble as the Ukraine war continues to roil investors. Photo: AFP
Asian markets from Japan to Australia tumble as the Ukraine war continues to roil investors. Photo: AFP

Hong Kong stocks sink to lowest in 5 years on Ukraine conflict, Covid-19 deaths while China dials down GDP target

  • China’s biggest tech companies including Alibaba, Tencent, Meituan, Bilibili and XPeng fell to their lowest levels in at least one year
  • Lingering war in Ukraine and record Covid-19 death rate in the city stoked risk aversion, while China sets slowest GDP growth rate since 1991

Asian markets from Japan to Australia tumble as the Ukraine war continues to roil investors. Photo: AFP
Asian markets from Japan to Australia tumble as the Ukraine war continues to roil investors. Photo: AFP
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