Investors monitor stock price movements at a securities company in Shanghai on September 2021. Photo: AFP
Investors monitor stock price movements at a securities company in Shanghai on September 2021. Photo: AFP

Hong Kong stocks struggle at 11-year low as traders eye market intervention amid currency slump, recession worries

  • Losses in Tencent, Alibaba and CNOOC narrowed, but failed to lift the Hang Seng Index out from the lowest since November 2011
  • The dollar’s prowess, on the back of aggressive Fed hikes, has stoked major depreciation pressure on currencies, including the Chinese yuan

Investors monitor stock price movements at a securities company in Shanghai on September 2021. Photo: AFP
Investors monitor stock price movements at a securities company in Shanghai on September 2021. Photo: AFP
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