Hong Kong stocks mixed as Tencent, Xiaomi surrender gains before earnings reports while Geely jumps on auto…


Source: scmp.com scmp.com

Key Topics in this News Article:

News Snapshot:

Hong Kong stocks wavered, with the benchmark hovering near a one-month low, before a raft of earnings reports by bellwether companies including Tencent Holdings and Xiaomi Corp. The Federal Reserve flagged risks associated with Chinese assets. The Hang Seng Index slipped 0.1 per cent to 24,745.92 at the local noon break on Tuesday, erasing an earlier gain of as much as 0.8 per cent. The Hang Seng Tech Index lost 0.3 per cent, while the Shanghai Composite Index retreated less than 0.1 per cent. Tencent fell 0.4 per cent to HK$462. Third-quarter net income at the WeChat operator and online-games...