A man looks at an electronic board showing the stock index and prices at a securities brokerage in Beijing. China says it won’t stimulate the property market to shore up economic growth. Photo: EPA-EFE
A man looks at an electronic board showing the stock index and prices at a securities brokerage in Beijing. China says it won’t stimulate the property market to shore up economic growth. Photo: EPA-EFE

Hong Kong stocks drop as Alibaba, Evergrande retreat after China signals no imminent stimulus to spur short-term growth

  • Hang Seng Index fell from near a six-week high amid China slowdown concerns while China disappointed traders banking on policy easing
  • Alibaba weakened 0.9 per cent, halting a big rally this month and Evergrande tumbled on another failure to sell assets to raise cash

Topic |   Hong Kong stock market
A man looks at an electronic board showing the stock index and prices at a securities brokerage in Beijing. China says it won’t stimulate the property market to shore up economic growth. Photo: EPA-EFE
A man looks at an electronic board showing the stock index and prices at a securities brokerage in Beijing. China says it won’t stimulate the property market to shore up economic growth. Photo: EPA-EFE
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