People wearing face masks walk at a main shopping area in Shanghai. Stocks closed higher, aided by China’s US$17 billion liquidity injection. Photo: Reuters People wearing face masks walk at a main shopping area in Shanghai. Stocks closed higher, aided by China’s US$17 billion liquidity injection. Photo: Reuters
People wearing face masks walk at a main shopping area in Shanghai. Stocks closed higher, aided by China’s US$17 billion liquidity injection. Photo: Reuters

Hong Kong stocks reach one-week high as China injects US$17 billion into slowing economy while Alibaba, Tencent power tech gains

  • Government reports signal a slowdown in China’s economic activity last quarter, while the central bank injects US$17 billion into the system
  • BYD slips after major shareholder Himalaya Capital cut its stake in Chinese carmaker’s H shares again

Topic |   Hong Kong stock market
People wearing face masks walk at a main shopping area in Shanghai. Stocks closed higher, aided by China’s US$17 billion liquidity injection. Photo: Reuters People wearing face masks walk at a main shopping area in Shanghai. Stocks closed higher, aided by China’s US$17 billion liquidity injection. Photo: Reuters
People wearing face masks walk at a main shopping area in Shanghai. Stocks closed higher, aided by China’s US$17 billion liquidity injection. Photo: Reuters
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