Moody’s warns it may downgrade China

Moody’s Investors Service Ratings agency Moody’s on Tuesday cut its outlook on China’s government credit ratings to negative from stable, citing lower medium-term economic growth and ongoing downsizing of the property sector.

Hong Kong stocks drop at open

HONG KONG: Hong Kong stocks opened slightly lower Wednesday as traders brushed off softer US jobs data, with a warning from Moody’s over China’s credit rating weighing on sentiment. The Hang Seng ...