Hong Kong stocks struggle before Alibaba, Tencent report earnings, ESR surges
Stocks lose momentum after surpassing the 19,000-point level on Monday, with gains in tech leaders such as Alibaba and Tencent offsetting losses.
- The 28 per cent rally in the Hang Seng Index since late January has added US$1 trillion in capitalisation to the city’s bourse
- ESR Group soars after receiving a non-binding offer to take the logistics asset manager private, but the offer price has not been disclosed