A stock trader looking at the market prices at a brokerage in Central Hong Kong. Photo: SCMP
A stock trader looking at the market prices at a brokerage in Central Hong Kong. Photo: SCMP

Hong Kong stocks suffer another sell-off as Alibaba drags Chinese tech lower while Omicron, Evergrande stoke risk aversion

  • Alibaba slid amid a management reshuffle as Chinese tech benchmarks in the US and Hong Kong have lost US$124 billion of value since Didi’s US delisting move
  • The Omicron variant spread in the region while Evergrande plunged 20 per cent as its failure to meet a US$260 million debt guarantee stoked risk aversion

Topic |   China stock market
A stock trader looking at the market prices at a brokerage in Central Hong Kong. Photo: SCMP
A stock trader looking at the market prices at a brokerage in Central Hong Kong. Photo: SCMP
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