The bull sculpture outside the local stock exchange near Exchange Square in Central. Hong Kong. Photo: David Wong
The bull sculpture outside the local stock exchange near Exchange Square in Central. Hong Kong. Photo: David Wong

Hong Kong stocks retreat from one-month high as UBS warns of earnings risks, Alibaba suffers price-target cuts

  • Alibaba fell amid concerns about its media investments after CEO Zhang stepped down from Weibo’s board
  • UBS analyst warned of threats to earnings from slower China growth, weak consumption and likely tough regulatory pressures in 2022

The bull sculpture outside the local stock exchange near Exchange Square in Central. Hong Kong. Photo: David Wong
The bull sculpture outside the local stock exchange near Exchange Square in Central. Hong Kong. Photo: David Wong
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