People passing by a screen showing the Hang Seng Index in Central, Hong Kong on April 15. Photo: K. Y. Cheng
People passing by a screen showing the Hang Seng Index in Central, Hong Kong on April 15. Photo: K. Y. Cheng
Stocks
Business /  Companies

Alibaba, JD.com lead tech rout in Hong Kong on inflation jitters while China hardens zero-Covid stance

  • The Hang Seng Index slid 3.8 per cent at the close of Friday trading, while the Tech Index tumbled 5.2 per cent in the biggest sell-off in four weeks.
  • ‘This is a major bear market’ as the US, Europe and Chinese economies face mounting growth risks, ACY Securities says

Cheryl HengAnn Cao
Cheryl Heng in Hong Kongand Ann Cao in Shanghai

Updated: 4:59pm, 6 May, 2022

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People passing by a screen showing the Hang Seng Index in Central, Hong Kong on April 15. Photo: K. Y. Cheng
People passing by a screen showing the Hang Seng Index in Central, Hong Kong on April 15. Photo: K. Y. Cheng
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