Hong Kong stocks fell from a two-week high amid concerns about earnings slippage on Covid-19 lockdowns as XPeng, Kuaishou and Alibaba Group Holding prepare to issue their report cards this week. Beijing also stoked concerns about tighter social mobility controls.
The Hang Seng Index retreated 1.9 per cent to 20,327.28 at the local noon trading break, paring nearly half of last week’s 4.1 per cent rally. The Tech Index fell 3.1 per cent, while the Shanghai Composite Index retreated 0.5 per cent.
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