News Snapshot:
Hong Kong stocks slipped as risk appetite waned after government reports showed China’s economy slowed more than market expected last quarter and manufacturing cooled last month amid a power crisis. Tech stocks retreated on regulatory concerns. The Hang Seng Index fell 0.6 per cent to 25,175.15 as of 11am local time while the Shanghai Composite Index declined 0.3 per cent to 3,563. Financial stocks led losses with Ping An Insurance and Industrial and Commercial Bank of China retreating by more than 1 per cent. China Merchants Bank declined 0.9 per cent. The Hang Seng Tech Index slid 1.7 per cent,...
