Hong Kong's Hang Seng Index Reverses Losses, Last up 1%; XPeng Rises 8%
Hong Kong stocks drop in morning trading, erasing earlier gains. Hong Kong stocks plunged more than nine percent on Tuesday, their biggest fall in 16 years, after China left investors disappointed by a lack of new stimulus and few details about measures announced last month.In morning trading, the Hang Seng Index fell 1.1%; while the Hang Seng Tech Index fell 0.9%. In terms of individual stocks, Tencent fell 0.4%; Alibaba fell 1.6%; Meituan rose 0.9%; JD.com fell 0.4%; Baidu fell 0.6%; Xiaomi fe