A monitor displays stock market information at a brokerage in Hong Kong. Alibaba shares slump in New York and Hong Kong after a surprise halt to Ant Group’s US$39.67 billion IPO on November 3, 2020. Photo: Bloomberg A monitor displays stock market information at a brokerage in Hong Kong. Alibaba shares slump in New York and Hong Kong after a surprise halt to Ant Group’s US$39.67 billion IPO on November 3, 2020. Photo: Bloomberg
A monitor displays stock market information at a brokerage in Hong Kong. Alibaba shares slump in New York and Hong Kong after a surprise halt to Ant Group’s US$39.67 billion IPO on November 3, 2020. Photo: Bloomberg

Hong Kong stocks slip as Ant IPO woes slam Alibaba and fintech peers, Trump’s election gains rattle Chinese chip makers

  • Alibaba, HKEX and CICC, stocks related to the IPO, slumped after Chinese regulators halted Ant Group’s debut on compliance risks
  • Trump’s showing in southern US and Florida prompted traders to sell Chinese chip makers, Huawei suppliers as rivals claimed road to victory

Topic |   Hang Seng Index
A monitor displays stock market information at a brokerage in Hong Kong. Alibaba shares slump in New York and Hong Kong after a surprise halt to Ant Group’s US$39.67 billion IPO on November 3, 2020. Photo: Bloomberg A monitor displays stock market information at a brokerage in Hong Kong. Alibaba shares slump in New York and Hong Kong after a surprise halt to Ant Group’s US$39.67 billion IPO on November 3, 2020. Photo: Bloomberg
A monitor displays stock market information at a brokerage in Hong Kong. Alibaba shares slump in New York and Hong Kong after a surprise halt to Ant Group’s US$39.67 billion IPO on November 3, 2020. Photo: Bloomberg
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