News Snapshot:
Hong Kong stocks fell to near a one-month low on concerns about widening debt defaults among Chinese developers. A resurgence of the Delta variant in China has led to stricter lockdowns, clouding economic outlook. The Hang Seng Index tumbled 0.9 per cent to 25, 014.55 as of 10.30am local time, after earlier hitting the lowest level since October 12. The index has declined about 2 per cent this week, following a 2.9 per cent loss in the preceding week. China‘s Shanghai Composite Index slipped 0.5 per cent. Property developers Longfor Group fell 2.2 per cent while Country Garden Services and...
