News Snapshot:
Hong Kong stocks tumbled by the most in one week after China’s central bank signalled it’s not ready to unleash its full policy easing power to revive a faltering economy. China Merchants Bank sank after removing its top executive without giving a reason. The Hang Seng Index retreated 1.9 per cent to 21,111.61 at local noon trading break, as the market reopened after a two-day holiday. The Tech Index weakened 2.8 per cent, while the Shanghai Composite Index gained 0.1 per cent. China Merchants Bank led losses as the nation’s biggest retail lender sank 11.5 per cent to HK$52.90. Meituan...
