Electronic billboards displaying stock transactions outside the Exchange Square in Central, Hong Kong on November 30. Photo: EPA-EFE
Electronic billboards displaying stock transactions outside the Exchange Square in Central, Hong Kong on November 30. Photo: EPA-EFE

Tencent, Alibaba push Hang Seng into weekly loss as US sanctions more Chinese firms over Xinjiang issues

  • Hang Seng Index lost 3.4 per cent this week as market struggled for traction on either rate-cut bets or risk from further US sanctions
  • Tech stocks weighed on overall sentiment as benchmark slumped to near record low, challenging recent bullish views even as valuations cheapened

Topic |   China stock market
Electronic billboards displaying stock transactions outside the Exchange Square in Central, Hong Kong on November 30. Photo: EPA-EFE
Electronic billboards displaying stock transactions outside the Exchange Square in Central, Hong Kong on November 30. Photo: EPA-EFE
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