Skip to content
Subscriber Only

Hong Kong’s Benchmark Stock Index Slumps Into Bear Market

  • Hang Seng Index has declined 5.8% this week, Alibaba falls
  • Platform operators and drug sales in regulatory firing line

Hong Kong’s benchmark stock index entered a technical bear market, amid a deepening rout triggered by investor concerns over China’s regulatory crackdown across a swathe of industries. 

The Hang Seng Index fell 1.8% on Friday, taking losses from its recent Feb. 17 peak to more than 20%. That extended its weekly loss to 5.8%, the worst showing since March 2020, with Alibaba Group Holding Ltd. and Meituan weighting on the gauge Friday.