Tech whacked by Chinese crackdown; rate rumblings rally bonds

SINGAPORE: Asian stocks fell to a six-week low on Thursday as investors sold companies caught in a widening Chinese tech crackdown, while a surprising hint at monetary easing in China raised questions about the strength of the global pandemic recovery.

MSCI's index of Asia shares outside Japan fell 1% to its lowest since late May, led by a 2.3% drop in the Hang Seng, where one-time darlings Tencent and Alibaba slumped to year-to-date lows.