An electric board shows the Hang Seng Index outside an HSBC branch in Mong Kok, Hong Kong. Photo: Sam Tsang
An electric board shows the Hang Seng Index outside an HSBC branch in Mong Kok, Hong Kong. Photo: Sam Tsang

Alibaba leads Hong Kong stock retreat, Tencent sinks to 4-year low before Fed rate decision as HSBC warns of prolonged property crisis in China

  • Stock traders dialled back risk appetite on concerns the Fed and other central banks are not ready to declare a victory over persistent inflation
  • HSBC boss has warned of a prolonged slump in China’s commercial property market even amid measures to stabilise prices

An electric board shows the Hang Seng Index outside an HSBC branch in Mong Kok, Hong Kong. Photo: Sam Tsang
An electric board shows the Hang Seng Index outside an HSBC branch in Mong Kok, Hong Kong. Photo: Sam Tsang
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