A man stands in front of a screen showing the latest economy and stock exchange updates in Shanghai on June 23, 2022. Photo: EPA-EFE
A man stands in front of a screen showing the latest economy and stock exchange updates in Shanghai on June 23, 2022. Photo: EPA-EFE

Hong Kong stocks fall as recession worries overshadow China’s zero-Covid easing steps while Nio slumps on short-seller attack

  • Hang Seng Index retreated in tandem with losses in US and regional peers on macroeconomic worries
  • Electric-car maker Nio led a decline among automotive stocks following an accusation by a short-seller that it ‘inflated’ revenue figures

A man stands in front of a screen showing the latest economy and stock exchange updates in Shanghai on June 23, 2022. Photo: EPA-EFE
A man stands in front of a screen showing the latest economy and stock exchange updates in Shanghai on June 23, 2022. Photo: EPA-EFE
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