Hong Kong stocks fell on Friday, snapping a three-day gain, after talks between US President Donald Trump and his Chinese counterpart Xi Jinping failed to produce a breakthrough on ending the tariff dispute.
The Hang Seng Index closed 0.5 per cent lower at 23,792.54, halting a 3.2 per cent gain over the past three days. The decline also trimmed the week’s advance to 2.2 per cent. The Hang Seng Tech Index dropped 0.6 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both retreated 0.1 per cent.
Hong Kong and China Gas sank 3.1 per cent to HK$6.81 as the stock traded ex-dividend. Chipmaker Semiconductor Manufacturing International Corp slumped 4.9 per cent to HK$40.20 and online travel agency Trip.com Group lost 3.3 per cent to HK$466.80. Alibaba Group Holding slid 1.4 per cent to HK$116.60 and Meituan shed 1.9 per cent to HK$141.70.
During the call on Thursday night, the two leaders agreed to resume US…
