Stocks slide from New York to key Asia-Pacific markets on inflation worries. A deepening sell-of in Meituan also pummelled stocks in Hong Kong. Photo: EPA-EFE
Hong Kong stocks sink by most in seven weeks as Meituan sell-off, inflation menace unnerved traders
- Surging global commodity prices and factory-gate prices in China heightened concerns about policy tightening
- Meituan slipped 5.3 per cent, erasing more than 20 per cent or US$42.7 billion in wealth over 10 straight days
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Stocks slide from New York to key Asia-Pacific markets on inflation worries. A deepening sell-of in Meituan also pummelled stocks in Hong Kong. Photo: EPA-EFE
