Hong Kong stocks headed for the first weekly decline this month as concerns about frothy valuations for global equities dampened sentiment and drug makers slid after the Trump administration announced a fresh bout of tariffs on the industry.
The Hang Seng Index fell 0.6 per cent to 26,320.69 as of 11.01am local time, taking the loss for the week to 0.8 per cent. The Hang Seng Tech Index dropped 0.8 per cent.
On the mainland, the CSI 300 Index slid 0.3 per cent and the Shanghai Composite Index…Hong Kong stocks headed for the first weekly decline this month as concerns about frothy valuations for global equities dampened sentiment and drug makers slid after the Trump administration announced a fresh bout of tariffs on the industry.
The Hang Seng Index fell 0.6 per cent to 26,320.69 as of 11.01am local time, taking the loss for the week to 0.8 per cent. The Hang Seng Tech Index dropped 0.8 per cent.
On the mainland, the CSI 300 Index slid 0.3 per cent and the Shanghai Composite Index…  Read More ​Business – South China Morning Post