A man walks past Exchange Square in Central, Hong Kong on April 11. Photo: EPA-EFE
A man walks past Exchange Square in Central, Hong Kong on April 11. Photo: EPA-EFE

Hong Kong stocks slump as Shanghai pandemic fallout slams Alibaba, Tencent amid lack of China policy stimulus

  • Alibaba, Tencent, Haidilao among benchmark index’s top losers, each tumbling by more than 4 per cent
  • Lockdowns in Shanghai and other mainland Chinese cities are taking a heavy toll on manufacturing activity, according to Goldman’s tracking index

A man walks past Exchange Square in Central, Hong Kong on April 11. Photo: EPA-EFE
A man walks past Exchange Square in Central, Hong Kong on April 11. Photo: EPA-EFE
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