Hong Kong and Chinese stocks had their worst week in almost three months, as risk appetite crumbles worldwide.
The Hang Seng Index fell 3.3 per cent in Hong Kong and the CSI300 Index lost 1.3 per cent, as both gauges suffered their biggest weekly declines since November. Technology stocks were the biggest fallers in Hong Kong, including chipmaker SMIC, and internet companies Kuaishou, Baidu and Tencent.
The sell-off was part of a global rout, with bitcoin slumping to a 15-month low, gold and…
China’s CATL touts landmark order in ‘DeepSeek moment’ for sodium-ion batteries
The world’s largest electric vehicle (EV) and ESS battery maker announced on Monday that it would deliver 60 gigawatt-hours (GWh) of sodium-ion batteries to Beijing HyperStrong Technology over three years…