Hong Kong stocks slid to a four-week low on Monday as investor worries about US President Donald Trump’s reciprocal tariffs outweighed the positive impacts of an official report showing an expansion in China’s manufacturing industry and Beijing’s effort to recapitalise the banking sector.
The Hang Seng Index fell 1.3 per cent to 23,119.58 at the close, a level not seen since March 4. The Hang Seng Tech Index dropped 2 per cent. On the mainland, the CSI 300 Index sank 0.7 per cent, and the Shanghai Composite Index slid 0.5 per cent.
Chinese sportswear maker Li Ning tumbled 7.2 per cent to HK$15.92, and property developer Longfor Group Holdings lost 5.1 per cent to HK$9.81 after posting an almost 40 per cent annual decline in core profit. Alibaba Group Holding fell 2.3 per cent to HK$128, while Tencent Holdings slid 2.5 per cent to HK$497. CK Hutchison Holdings, the conglomerate controlled by the Li Ka-shing family, sank 3.1 per…
