Hong Kong stocks slip on concerns Ant Group IPO to soak up liquidity, spike in global Covid-19 infections


Source: scmp.com scmp.com

Key Topics in this News Article:

News Snapshot:

Ant Group discloses IPO prices in Shanghai and Hong Kong offerings, set to drain as much as HK$800 billion of subscription cash Most stock gauges decline across Asia-Pacific market in tandem of overnight US losses amid stimulus impasse Hong Kong stocks decline in early trading as a rout in US and China equities keeps traders on guard. The impending blockbuster stock offering by Ant Group is raising concerns about a liquidity squeeze. Hong Kong stocks dropped as the rout in US and China equities weighed on sentiment, while the impending blockbuster stock offering by Ant Group stoked concerns about a...