News Snapshot:
Hong Kong stocks slumped with Chinese tech juggernauts facing their worst day in three weeks on concerns about weaker earnings amid a slowdown in the world’s second-largest economy. The Hang Seng Index retreated 1.3 per cent to 25,328.72 at 9.55am local time. The city’s tech benchmark sank 2.6 per cent, the most since a 3.2 per cent setback on October 27. The Shanghai Composite Index lost 0.4 per cent. Stocks took a beating as traders locked in a 14 per cent rebound in tech firms from this year’s low in October. The rally over the past month is now upended...