Hong Kong benchmark trades near seven-week low as regulatory jitters resurface following Tencent action

Source: scmp.com scmp.com

Key Topics in this News Article:

News Snapshot:

Hong Kong stocks fell on Thursday morning with the benchmark hovering around a seven-week low , as concerns lingered about China’s regulatory crackdown that has crippled industries ranging from technology and ride-hailing to private education. The Hang Seng Index slid 0.3 per cent to 24,601.93 in early morning trading. The Hang Seng Tech Index rose 0.1 per cent, while China’s Shanghai Composite Index dropped 0.3 per cent. In its latest onslaught, China has suspended Tencent Holdings , the operator of WeChat with its 1.2 billion users, from launching new apps and updating its existing apps as part of a “temporary...