hong kong stocks opened in the red on friday with the benchmark hang seng losing 039 after us markets witnessed a selloff overnight as worries of a recession reduced hopes for a santa claus rally japan’s core consumer inflation hit a 40year high with the november core cpi rising 37 yearoveryear dampening sentiment further alibaba and nio shares lost close to 1 in morning trade also read how to invest in startups macro news the world health organisation has received no data from china on new covid19 hospitalizations since the removal of its zerocovid policy reported reuters however the who has said gaps in data might be due to chinese authorities struggling to tally cases china is looking forward to cutting quarantine requirements for overseas travelers in january reported bloomberg citing people familiar with the matter company news tencent’s founder and chief executive pony ma has said costcutting will continue next year and that short video is the key to the future reported the south china morning post citing local media nios two subbrands will initially launch hatchbacks to target mainly the european market reported cnevpost citing local media top gainers and losers jdcom and haier smart home co ltd are the top losers among hang seng constituents having lost over 1 each china resources land limited and wuxi biologics cayman inc are the top gainers having risen 16 and 086 respectively global news us futures traded in the green on thursday morning asia session the dow jones futures gained 01 while the nasdaq futures rose 003 the sp 500 futures were trading higher by 01 elsewhere in asiapacific australia’s asx 200 was trading lower by 079 japan’s nikkei 225 traded 114 lower while china’s shanghai composite index gained 006 south korea’s kospi lost 155 read next jim cramer highlights reasons behind thursdays market fall we had the worst of 3 worlds