A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district. Photo: Reuters
A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district. Photo: Reuters
Business /  Markets

JD.com, Tencent drag Hong Kong stocks as China slowdown dents earnings, BlackRock cuts view on market outlook

  • Alibaba, Tencent, JD.com led losses as Covid-induced lockdowns hit corporate earnings
  • Money managers at BlackRock predicted more downside to China economy after downgrading views on local, developed market stocks

Cheryl Heng
Cheryl Heng

Updated: 5:11pm, 24 May, 2022

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A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district. Photo: Reuters
A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district. Photo: Reuters
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