Stocks in Hong Kong and mainland China slump after a rally in January lifted their benchmark indices to multi-year high. Photo: Shutterstock
Hong Kong stocks sink by most since May as sell-off hurts mainland funds’ top picks Tencent, Meituan and HKEX
- Investors sold down some of the market’s best winners in January after a rally not seen since the starting month of 1985
- The relative strength on Hang Seng Index signals stocks are technically overbought and due for a correction
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Hang Seng Index
Stocks in Hong Kong and mainland China slump after a rally in January lifted their benchmark indices to multi-year high. Photo: Shutterstock