Hong Kong stocks drop after PBOC dashes hopes of China stimulus moves Cao Li Business – South China Morning Post

Hong Kong stocks fell on Tuesday after the head of China’s central bank struck a measured tone at high-level briefing on Monday, quashing hopes of easing measures.
The Hang Seng Index lost 0.6 per cent to 26,185.33 as of 11am. The Hang Seng Tech Index dropped 1.7 per cent. On the mainland, the CSI 300 Index lost 0.4 per cent while the Shanghai Composite Index fell 0.7 per cent.
Search giant Baidu tumbled 5.8 per cent to HK$127.80, while e-commerce company JD.com lost 4 per cent to…Hong Kong stocks fell on Tuesday after the head of China’s central bank struck a measured tone at high-level briefing on Monday, quashing hopes of easing measures.
The Hang Seng Index lost 0.6 per cent to 26,185.33 as of 11am. The Hang Seng Tech Index dropped 1.7 per cent. On the mainland, the CSI 300 Index lost 0.4 per cent while the Shanghai Composite Index fell 0.7 per cent.
Search giant Baidu tumbled 5.8 per cent to HK$127.80, while e-commerce company JD.com lost 4 per cent to…  Read More ​Business – South China Morning Post