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China Rally Loses Steam as Authorities Disappoint Markets; Hong Kong Stocks Plunge More Than 10%

Hong Kong stocks opened lower on Tuesday. The Hang Seng Index fell 1.1%, the Hang Seng Tech Index fell 1.7%.Tencent fell 1.3%; Alibaba and NIO fell 2.9%; Meituan fell 3.9%; JD.com fell 6.9%; Baidu fell 2.3%; SMIC rose 6.6%.

China Rally Loses Steam as Authorities Disappoint Markets; Hong Kong Stocks Plunge More Than 10%

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