News Snapshot:
Hong Kong stocks slipped on concerns the spread of Omicron coronavirus strain will prompt more lockdowns and hurt economic recovery. Meituan slumped on weak earnings while a gambling crackdown hit Macau casino operators. The Hang Seng Index retreated 0.7 per cent to 23,919.24 as of 10.42am local time. The Hang Seng Tech Index was little changed after falling almost 1 per cent, while China’s Shanghai Composite Index declined 0.3 per cent. Global markets sold after the World Health Organization labelled the new Covid strain Omicron as a “variant of concern.” New cases have spread in Europe, prompting the UK, US...
