People line up to get tested for the coronavirus disease at a nucleic acid testing site in Shanghai on December 5. Photo: Reuters
People line up to get tested for the coronavirus disease at a nucleic acid testing site in Shanghai on December 5. Photo: Reuters

Hong Kong stocks snap rally as analysts warn of ‘zigzags’ in China economy, reopening exuberance

  • Local stocks halted a rally as analysts caution about deepening slowdown in China’s economy amid reopening pressure
  • Tech bellwethers including Alibaba, Tencent and NetEase lead losses as rally over the past month drives prices closer to overbought zone

People line up to get tested for the coronavirus disease at a nucleic acid testing site in Shanghai on December 5. Photo: Reuters
People line up to get tested for the coronavirus disease at a nucleic acid testing site in Shanghai on December 5. Photo: Reuters
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