(Bloomberg) — Hong Kong stocks slid for a third day in a broad selloff led by casino and property names as investors fretted that omicron’s spread will thwart reopening plans.
The benchmark Hang Seng Index retreated as much as 1.1% while a gauge of Macau casinos fell 5.8%. Property shares also took a hit, with a Bloomberg gauge of Chinese developers falling as much as 3%. Shimao Group Holdings Ltd. fell as much as 10% amid renewed concern about its financial health.
Meanwhile, Hong Kong’s Hang Seng Tech Index slipped as much 1.7%, led by a 7.3% slump in Bilibili Inc.
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