HSI Finishes Lower Dragged Down By Alibaba
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2021-11-19 HKT 16:35
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Hong Kong stocks suffered a second day of hefty losses on Friday, dragged down by a plunge in market heavyweight Alibaba after the e-commerce giant warned on its revenue outlook and said profit collapsed in the second quarter.
The Hang Seng Index tumbled 1.07 percent, or 269.75 points, to 25,049.97.
Alibaba dived 10.71 percent.
The Shanghai Composite Index added 1.13 percent, or 39.66 points, to 3,560.37, while the Shenzhen Composite Index on China's second exchange climbed 1.20 percent, or 29.41 points, to 2,490.27. (AFP)
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