Hong Kong stocks finished almost unchanged after briefly dropping to their lowest levels in almost two months, as the lack of fresh supportive measures and lacklustre economic data sparked investor jitters.
The Hang Seng Index slipped ended almost unchanged after falling as much as 1.3 per cent. The Hang Seng Tech Index sank 0.7 per cent and the Shanghai Composite Index retreated 1.2 per cent, set to close below the 3,000-point mark for a second straight day.
Hotpot chain restaurant operator Haidilao International Holding was a prominent decliner after its decision to replace its chief executive officer triggered leadership uncertainties. Tempering losses, Li Auto and BYD rebounded after China and the European Union agreed to start talks on the plan to impose tariffs on Chinese electric vehicles.
In the latest negative sign for the world’s second largest economy, foreign direct investment in China dropped 28.2 per cent in the…
