Chinese investors monitor prices in Beijing on November 19. Photo: Associated Press

Hong Kong stock market sentiment weighed down by rising tensions between Washington and Beijing

  • China e-commerce giant Alibaba falls for third straight session
  • Cosmetics chain Sa Sa International drops as protests disrupt business, leading to store closings in Singapore
Topic |   Hang Seng Index

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Chinese investors monitor prices in Beijing on November 19. Photo: Associated Press
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Sa Sa has been struggling in Singapore for some time, but the recent Hong Kong retail downturn means it is pulling back to try and buttress its Hong Kong base. Photo: Xiaomei Chen

Sa Sa to exit Singapore, cut 170 jobs

  • Exit from Singapore will allow Hong Kong cosmetics chain to put resources in core markets to help stem six years of losses
  • Sa Sa and peers face difficult operating environment as fewer tourists from mainland China deny city’s retailers of crucial ‘lifeblood’
Topic |   Hong Kong property

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Sa Sa has been struggling in Singapore for some time, but the recent Hong Kong retail downturn means it is pulling back to try and buttress its Hong Kong base. Photo: Xiaomei Chen
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