Hong Kong stocks slipped for a third straight day, tracking losses in major Asian markets, amid concerns rising tensions stoked by US trade policies will hurt economic growth and fuel recession risks.
The Hang Seng Index slid slightly to close at 23,782.14 after slumping as much as 2.3 per cent earlier, adding to a 1.9 per cent loss on Monday and a 0.6 per cent setback on Friday. The Hang Seng Tech Index rose 1.4 per cent. The CSI 300 Index edged up 0.3 per cent and the Shanghai Composite Index added 0.4 per cent.
Japan’s Nikkei 225 fell 0.6 per cent, while South Korea’s Kospi Index lost 1.3 per cent and Australia’s S&P/ASX 200 Index slipped 0.9 per cent. The MSCI Asia-Pacific ex-Japan Index, which tracks major markets outside Japan, slid 1.2 per cent.
Alibaba Group Holding lost 0.7 per cent to HK$133.60, and e-commerce peer JD.com weakened 1.4 per cent to HK$160.10. Search-engine operator Baidu retreated 0.3 per cent to…
