Hong Kong stocks fell for the second day as investors shun risks amid concerns about global trade tensions before a deadline next week to tackle higher US export tariffs, while the outlook for higher borrowing costs hurt developers.
The Hang Seng Index declined 0.6 per cent to 23,916.06 on Friday, adding to a 0.6 per cent loss on Thursday. The Hang Seng Tech Index slipped 0.3 per cent. The Shanghai Composite Index and the CSI 300 Index of onshore stocks both gained 0.3 per cent.
The Hang Seng Index has lost 1.5 per cent since Monday, the biggest weekly loss in almost three months.
E-commerce leader Alibaba Group Holding declined 1 per cent to HK$105.10 while peer JD.com retreated 0.9 per cent to HK$124.20. Nike supplier and apparel maker Shenzhou fell 1.2 per cent to HK$56.05, while Zijing Mining weakened 0.9 per cent to HK$21.05.
CK Asset fell 1.3 per cent to HK$35 and Sun Hung Kai Properties declined 0.4 per cent to HK$92.90, pacing…
