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Stocks Blog: Alibaba approved to list in Hong Kong; New World, Wharf, other property stocks fall amid protest chaos
- Banks fall in Hong Kong as protests lead to branch closings
- China’s stocks drop ahead of economic data release
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Stocks Blog
INTRODUCTION
Good day, traders --
Stocks fell in Hong Kong and China, on worries about escalating violence in the city and whether the US and China can come up with a trade deal.
Alibaba has been approved for a secondary listing in Hong Kong and aims to raise up to US$15 billion. (Alibaba owns the South China Morning Post.)
Catch up on the day's action below.
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-- Zhang Shidong in Shanghai and Deb Price in Hong Kong
Note: Information in this blog is on an "as is" basis and not a solicitation or offer to buy or sell any securities or otherwise; and is not investment/professional advice or services in this regard. It is subject to our T&C. SCMP (as defined in ) shall not be liable for any loss, damage and costs relating to any investments in securities or otherwise in this connection.