Hong Kong stocks retreat as sentiment cools, Li Auto sinks 19% after dismal earnings

Economy
Hong Kong stocks declined by the most in five weeks, pulling back from 10-month highs as Li Auto’s earnings fell short of market expectations and sparked concerns about corporate financial performances in the world’s second largest economy.

The Hang Seng Index lost 2.1 per cent to 19,220.62 at the close of trade on Tuesday, the biggest retreat since April 16. The Tech Index lost 3.7 per cent while the Shanghai Composite Index weakened 0.4 per cent.

Source: TRADE  FINANCE

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