Hong Kong stocks erased gains amid concerns that escalating competition among China’s leading carmakers and e-commerce operators will hurt margins and prompt investors to retreat.
The Hang Seng Index fell 0.5 per cent to 23,171.51 at 11.30am local time on Tuesday, reversing an earlier gain of as much as 0.4 per cent. The Hang Seng Tech Index tumbled 1 per cent. On the mainland, the CSI 300 Index slipped 0.6 per cent while the Shanghai Composite Index declined 0.4 per cent.
BYD declined 2.5 per… Hong Kong stocks erased gains amid concerns that escalating competition among China’s leading carmakers and e-commerce operators will hurt margins and prompt investors to retreat.
The Hang Seng Index fell 0.5 per cent to 23,171.51 at 11.30am local time on Tuesday, reversing an earlier gain of as much as 0.4 per cent. The Hang Seng Tech Index tumbled 1 per cent. On the mainland, the CSI 300 Index slipped 0.6 per cent while the Shanghai Composite Index declined 0.4 per cent.
BYD declined 2.5 per… Read More South China Morning Post
