Hong Kong stocks fell 197 points, or 0.8%, to 26,282 in Friday's morning session, retreating after their biggest one-day gain since mid-August amid caution ahead of China's October trade data. Exports are expected to slow sharply after months of front-loading to avoid U.S. tariffs, while imports likely stay weak amid fragile consumer sentiment.
Attention also turned to October Chinese CPI and PPI data due over the weekend, with deflation risks still a concern. On Wall Street, stocks declined overnight as renewed tech weakness and worries over the prolonged U.S. government shutdown hit sentiment. Most sectors in Hong Kong dropped, led by tech and property.
Notable laggards included Pop Mart Intl (-4.0%), Sunny Optical Tech (-2.8%), Horizon Robotics (-2.7%), and Kuaishou Tech (-2.6%). Still, markets remain on track for solid weekly gains of about 1.4%, supported by optimism over China's tech self-sufficiency push and a one-year trade truce with the U.S. after the Trump-Xi meeting. (az)
Sumber: Trading Economics
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