Investors monitor stock price movements at a securities company in Shanghai in September 2021. Photo: AFP
Hong Kong stocks slide as Shimao downgrade, Macau casino regulatory risks trigger sell-off while Alibaba drags tech index
- JPMorgan downgraded Shimao Group on heightened liquidity concerns, further stoking default risks among Chinese developers
- Hang Seng Properties Index has declined 4.8 per cent since December 9 when Fitch declared China Evergrande and Kaisa in default
Investors monitor stock price movements at a securities company in Shanghai in September 2021. Photo: AFP
