The Hang Seng Index fell 0.9 per cent to 24,858.82 at the close on Friday. Still, the benchmark eked out a 1.4 per cent gain for the week on bets that the Federal Reserve will cut interest rates on the back of the softening data on the labour market.
The Hang Seng Tech Index dropped 1.6 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index rose at least 0.1 per cent.
Chinese chipmaker Semiconductor Manufacturing International Corp tumbled 8.2 per cent to HK$48.66 after net income for the second quarter fell short of analysts’ estimates. Hong Kong property developer Wharf Real Estate Investment slumped 8.1 per cent to HK$23.62 after first-half operating profit fell 5 per cent from a year ago. Alibaba Group Holding dropped 2.4 per cent to…
