Hong Kong stocks fall as Beijing steps up scrutiny of overseas IPOs

Hong Kong stocks fell on Wednesday morning, potentially ending a five-day winning streak, as Beijing’s scrutiny of overseas share sales weighed down Chinese technology stocks.The Hang Seng Index retreated 0.7 per cent to 23,124.16, while the Tech Index sank 1.3 per cent for its biggest drop in a week. On the mainland, China’s Shanghai Composite Index slipped 0.6 per cent.Alibaba Group Holding, which owns this newspaper, declined 2.4 per cent and Tencent Holdings lost 1.2 per cent and were the…

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