Hong Kong stocks are headed for the worst week since the depth of Covid-19 pandemic in March 2020. Photo: Sam Tsang
Hong Kong stocks are headed for the worst week since the depth of Covid-19 pandemic in March 2020. Photo: Sam Tsang
Hong Kong stock market
Business /  Markets

Record plunge in JD.com, Alibaba hits Hong Kong on US delisting act, with US$577 billion eroded from market since Ukraine invasion

  • Hang Seng tumbled 1.6 per cent as tech leaders like Alibaba, JD.com and Meituan crashed by more than 4 per cent
  • The US SEC asked five Chinese companies to show cause why they should not be delisted in new move following an audit inspection law

Zhang Shidong
Zhang Shidong in Shanghai

Updated: 5:33pm, 11 Mar, 2022

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Hong Kong stocks are headed for the worst week since the depth of Covid-19 pandemic in March 2020. Photo: Sam Tsang
Hong Kong stocks are headed for the worst week since the depth of Covid-19 pandemic in March 2020. Photo: Sam Tsang
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