A screen showing the latest stock and currency data in Shanghai in September 2022. Photo: EPA-EFE
A screen showing the latest stock and currency data in Shanghai in September 2022. Photo: EPA-EFE

HSBC, Alibaba, developers fall as Hong Kong stocks end painful week at 13-year low on China outlook, Fed rate pressure

  • The fallout from China’s zero-Covid policy and aggressive policy tightening in the US continue to weigh on the market
  • Volatility to persist despite high-quality names being available at attractive prices, Morningstar analyst says

A screen showing the latest stock and currency data in Shanghai in September 2022. Photo: EPA-EFE
A screen showing the latest stock and currency data in Shanghai in September 2022. Photo: EPA-EFE
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