Alibaba, Nio Fall Over 2%: Hong Kong Stocks Weaker As Record China COVID-19 Cases Alarm Investors
Hong Kong stocks opened in the red on Friday, with the benchmark Hang Seng losing over 1% in opening trade, as market focus shifted to increasing COVID-19 cases in China, which reported a record-high number of infections on Thursday. Shares of Meituan lost close to 3%, while Alibaba and Nio stocks…
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