Hong Kong stocks post longest slide in 2 months on China slowdown, tariff fears
Investors hold off on bets after reports show fourth-quarter growth decelerated and property prices continued to slide
The Hang Seng Index fell 0.3 per cent to 26,487.51 at the close, capping a fourth day of declines for the longest such stretch since November 19. The Hang Seng Tech Index dropped 1.2 per cent.
On the mainland, the CSI 300 Index slumped 0.3 per cent and the Shanghai Composite Index was little changed. The benchmark 10-year government bond rose for a third day, driving the yield to a five-week low of 1.827 per cent.
Among the biggest decliners, biotech firm Wuxi AppTec retreated 4.1 per cent to HK$113.70 and Semiconductor Manufacturing International shed 3.2 per cent to HK$74.50. Electric-vehicle maker BYD sank 3.7 per cent to HK$97 and Alibaba Group Holding slipped 0.4 per cent to HK$159.70.