Alibaba and WuXi AppTec decline in Hong Kong after addition to US blacklist

Alibaba Group Holding and pharmaceutical contractor WuXi AppTec fell in Hong Kong after the US placed them on a blacklist over alleged military links. Alibaba's stock dropped 0.3% to HK$118.50 and WuXi AppTec fell 5.5% to HK$114.60. Other listed firms like Nio and Baidu rose despite the US action.