News Snapshot:
- A + A HONG KONG (July 8): A key gauge of Chinese stocks traded in Hong Kong neared a bear market as Beijing’s latest crackdown drives investors to dump shares of the nation’s technology giants. The Hang Seng China Enterprises Index tumbled by 3.2% on Thursday, extending its loss since a February high to just shy of 20%. The gauge was dragged down by some of the biggest internet names including Meituan, Alibaba Group Holding Ltd and Tencent Holdings Ltd, which were down by at least 3.7%. Hong Kong’s benchmark Hang Seng Index slid 2.9%, wiping out gains for...
