Hong Kong Stocks Tumble as China Sets Moderate Growth Targets Amid Economic Concerns

• Hong Kong stocks retreat amid economic growth worries as China's parliamentary meeting opens • Hang Seng Index falls 2.5% to 16,187.74, with tech stocks down 4.2% • China sets 2023 GDP growth target of around 5% and consumer inflation target around 3% • Analysts say growth target will be challenging to achieve given economic headwinds • Fiscal stimulus seen as disappointing with budget deficit set at 3% of GDP for 2024