Hang Seng slides as faster inflation in China undermines policy easing bets

Stocks tumbled in Hong Kong and mainland China as accelerating inflation undermined bets among some investors for policy easing to overcome a slowdown in the Chinese economy.The Hang Seng Index slipped 1 per cent to 24,565.86 as of 11.20am local time. The Hang Seng Tech Index retreated 0.5 per cent while China’s Shanghai Composite Index slumped 1.3 per cent.Producer prices surged 13.5 per cent in October from a year earlier, the fastest pace in 26 years, the statistics bureau said on Wednesday…

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