A screen displays the Hang Seng stock index outside the Hong Kong stock exchange. Photo: Reuters
A screen displays the Hang Seng stock index outside the Hong Kong stock exchange. Photo: Reuters

Hong Kong stocks extend losses as Alibaba, Tencent, HSBC retreat, currency slump adds to sell-off pressure

  • The Hang Seng Index slips further to the lowest level since October 2011 as currency slump hits nerves
  • Aggressive rate increases and dimming outlook for China’s economy are sapping demand for riskier assets globally

A screen displays the Hang Seng stock index outside the Hong Kong stock exchange. Photo: Reuters
A screen displays the Hang Seng stock index outside the Hong Kong stock exchange. Photo: Reuters
READ FULL ARTICLE