Hong Kong stocks fall most in 7 months as chance of strong stimulus from Beijing shrinks

Sell-offs in Hong Kong stocks deepened on Thursday, with the benchmark gauge capping its steepest decline in seven months, as hopes faded that Beijing would implement more meaningful stimulus policies, following latest economic data indicating the annual growth target was within reach. The Hang Seng Index sank 3 per cent to 22,934.68 at the close, its worst single-day performance since March 23. The Hang Seng Tech Index plunged 5 per cent, finishing at a level not seen in two years. Tencent...