News Snapshot:
Hong Kong’s benchmark stock index tumbled on concerns about corporate earnings strength amid a slowdown in the Chinese economy , as Ping An Insurance and Sinopec pointed to a poor outlook for the earnings season. Li Ning slumped on a stock sale plan. The Hang Seng Index fell by 0.3 per cent to 25,555.73 at the close of Thursday trading, failing to hold on to earlier gains. The Hang Seng Tech Index was little changed following a 3.2 per cent sell-off on Wednesday. Ping An slumped 2.4 per cent to HK$58.35 after reporting a 31 per cent slide in earnings...
