News Snapshot:
Hong Kong stocks retreated from near a six-week high amid concerns about a slowdown in the Chinese economy and worsening liquidity crunch in the domestic property sector. The Hang Seng Index fell 0.3 per cent at 26,060.26 at the local noon break. The benchmark tech index slipped from a five-week high as traders deemed this week’s rally as excessive. The Shanghai Composite Index climbed 0.5 per cent to 3,603.62. Alibaba, the owner of this newspaper, fell 1 per cent to HK$174. The stock had surged 6.7 per cent on Wednesday on speculation its ties with regulatory authorities were improving after...
