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

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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