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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 
Zhang ShidongDeb Price
Zhang Shidong and Deb Price

Updated: 5:31pm, 13 Nov, 2019

Why you can trust SCMP
Topic |   Stocks Blog
Zhang ShidongDeb Price
Zhang Shidong and Deb Price

Updated: 5:31pm, 13 Nov, 2019

Why you can trust SCMP
Protesters gather on the bridge near Chinese University. Property stocks are being hammered today as protests continue to drive away tourists and other shoppers. Photo: Sam Tsang
Protesters gather on the bridge near Chinese University. Property stocks are being hammered today as protests continue to drive away tourists and other shoppers. Photo: Sam Tsang
People walk past a logo of China's e-commerce giant Alibaba in Hangzhou, capital of east China's Zhejiang Province. Photo: Xinhua People walk past a logo of China's e-commerce giant Alibaba in Hangzhou, capital of east China's Zhejiang Province. Photo: Xinhua
People walk past a logo of China's e-commerce giant Alibaba in Hangzhou, capital of east China's Zhejiang Province. Photo: Xinhua People walk past a logo of China's e-commerce giant Alibaba in Hangzhou, capital of east China's Zhejiang Province. Photo: Xinhua
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
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