News Snapshot:
Benchmarks in Hong Kong and mainland bourses declined by about 1 per cent after China and Western nations fought over Xinjiang issues Baidu ended its debut with zero premium, while Smoore crashed after peer RLX, on signs of tightening tobacco industry regulations Heightened domestic regulatory risks and an escalation in sanctions with Western nations kept local markets on the back foot. Smoore crashed as China signals it will rein in the e-cigarette industry, while Baidu flopped on its Hong Kong stock debut. Hong Kong stocks fell to the lowest level since January while mainland peers declined with investors spooked by...
