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Alibaba jumps in Hong Kong trading debut; Hang Seng slips, with property stocks falling

Good day, traders.

Well, all eyes will be on Alibaba, which jumped more than 6 per cent in its debut in Hong Kong, lifting sentiment.

But traders will also be listening for more word on how the Hong Kong government will respond to the pro-democracy sweep in Sunday's elections. So far, US President Donald Trump has not released a statement on the results.

Trump has a bill before him overwhelmingly passed by the US Congress that supports the Hong Kong pro-democracy activists. It comes at a delicate time in the trade talks for a partial deal.

This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved.

Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.