A pedestrian in the Lujiazui Financial District in Shanghai on December 20, 2022. Photo: Bloomberg
A pedestrian in the Lujiazui Financial District in Shanghai on December 20, 2022. Photo: Bloomberg

Hong Kong stocks slide as Tencent, Country Garden retreat amid China virus fight, recession concerns

  • China’s reopening pivot has led to new challenges for Beijing, chiefly a spike in Covid-19 infections
  • Policy tightening moves by the Federal Reserve, other global central banks continue to stoke recession concerns

A pedestrian in the Lujiazui Financial District in Shanghai on December 20, 2022. Photo: Bloomberg
A pedestrian in the Lujiazui Financial District in Shanghai on December 20, 2022. Photo: Bloomberg
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