News Snapshot:
SHANGHAI (Reuters) – China and Hong Kong stocks tumbled on Thursday as concerns over renewed Covid-19 outbreaks and a mortgage payment boycott overshadowed gains in the tech sector after a cybersecurity probe concluded. at Didi Global, which ended up with a hefty fine. The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, closed down 1.1%, while the Shanghai index was down 1%. The Hong Kong Hang Seng Index, meanwhile, lost 1.5%. Investors were concerned about the economic impact of new outbreaks of Covid-19 in China. The country reported 943 new coronavirus cases on July 20,...
