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Hong Kong shares down on Alibaba, losses limited by property

November 20, 2021
Source: hksar.org hksar.org
News Snapshot:
Add Your News Hong Kong shares down on Alibaba, losses limited by property Hong Kong shares ended the session lower on Friday, dragged lower by Chinese e-commerce giant Alibaba after it reported disappointing earnings. ** At the close, the benchmark Hang Seng index was down 1.07% to 25049.97 points, while the Hang Seng China Enterprises Index lost 0.7%, to 8,970.67 points. ** Analysts attributed the fall to disappointing earnings from Chinese e-commerce giant Alibaba ,, which heightened worries about Beijing’s broad regulatory crackdown and slowing growth in the world’s second-biggest economy. ** Shares of Alibaba dropped by 10.71% to HK$139.3...
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Tags: Alibaba | ASIA | Beijing | Business | China | Chinese | crackdown | e-commerce | Economy | finance | financial | Giant | Hang Seng | Hong Kong | index | India | IT | KONG | news | online shopping | property | real estate | revenue | shares | stock market

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