Chinese technology stocks failed to build on a rally amid concerns China's liquidity injection will not be enough to arrest a slowdown in the economy. Weibo, China's Twitter, slumped on its Hong Kong trading debut. The Tech Index closed little changed on Wednesday after a 4.2 per cent rally a day earlier. The Hang Seng Index, which tracks sentiment on the broader market, rose less than 0.1 per cent to 23,996.87 after a 2.7 per cent surge on Tuesday. China's Shanghai Composite Index added 1.2 per cent. Alibaba Group Holding, which owns this newspaper, slid 4.7 per cent, paring some of its record 12 per cent rally on Tuesday. NetEase and Baidu each lost about 2 per cent while Meituan retreated 0.2 per cent. Short video-platform operator Bilibili gained 1.9 per cent while Tencent Holdings advanced 0.7 per cent. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. China will lower banks' reserve-requirement ratio on December 15, injecting US$188 billion of liquidity into the system. It has cut the… Read full this story
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