Investors monitor stock price movements at a securities company in Shanghai in September 2021. Photo: AFP
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

Topic |   China stock market
Investors monitor stock price movements at a securities company in Shanghai in September 2021. Photo: AFP
Investors monitor stock price movements at a securities company in Shanghai in September 2021. Photo: AFP
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