Hong Kong's economy is currently in a technical recession, after seeing two three-month periods in a row of contraction this year.
"The Hang Seng has hit a 13-year low and nothing is really helping the fragile sentiment," Dickie Wong, executive director of Kingston Securities said.
"There's also a sense that tax rebates are not enough to draw foreigners back to Hong Kong," he added.
Traders were also concerned about the Hong Kong government's "unprecedented s...

If you don’t learn to manage your money, then other people will find ways to mismanage it for you. Some of these people may be ill-intentioned, like unscrupulous, commission-based financial planners. Others may be well-meaning but may not know what they’re doing, like Grandma Betty, who really wants you to own your own house even though you can only afford one by taking on a risky adjustable-rate mortgage.
Instead of relying on others for advice, take charge and read a few basi...