News Snapshot:
Hong Kong stocks fell, set for the first weekly loss in five, as corporate earnings underwhelmed investors amid China’s economic slowdown. Power cuts likely have dented Chinese manufacturing activity this month. The Hang Seng Index dropped 0.5 per cent to 25,441.41 as of noon local time. The benchmark has dropped 2.6 per cent this week, retreating from near the highest level in seven weeks. The Hang Seng Tech Index slipped 0.5 per cent, bringing the setback in the week to 5 per cent as Ping An Healthcare plunged by 13 per cent. Reports this week showed some of China’s biggest...
