BUZZ-Alibaba's HK shares hit 3-month low as Fitch downgrades outlook; Tencent slips

Reuters04-17

** Hong Kong-listed shares of Alibaba Group Holding

slip 1.7% to HK$67.30, their lowest since Jan 23

** Stock on course for fourth consecutive session of decline, and is the second most actively traded shares by turnover

** U.S.-listed shares of Alibaba eased 1.4% on Tuesday

** Fitch Ratings has revised the outlook on the Long-Term Foreign-Currency $(FC)$ Issuer Default Ratings (IDRs) of Alibaba Group and Tencent Holdings to "negative" from "stable", following the revision in the outlook on the Chinese sovereign to "negative" from "stable" on April 9

** Shares of Tencent ease 0.6% to HK$300 on their fourth straight session of fall; the most actively traded by turnover

** Hang Seng China Enterprises Index gains 0.2%, while Hang Seng Tech Index and Hang Seng Index both climb 0.1%

** Alibaba's Hong Kong stock down 10.4% YTD, while Tencent shares up 2.8%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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