Hong Kong stocks drop as Beijing's policy fails to meet expectations

Stocks in Hong Kong fell sharply on Monday after Beijing's recent policy announcement failed to meet investor expectations. The Hang Seng Index dropped 2.2% to 20,268.22, with significant declines in property and tech sectors. The CSI 300 Index decreased by 0.5%, and the Shanghai Composite Index fell 0.4%. Major companies like Alibaba and JD.com saw losses of 3.3% and 4%, respectively. Analysts noted that concerns over tariffs, slower global growth, and rising inflation contributed to the negative sentiment. Investors were particularly disappointed by the lack of new fiscal stimulus measures in the policy announcement.