Hong Kong shares slip after hitting fresh three-year high

Hong Kong stocks ended the week with volatile trade on Friday, as the benchmark Hang Seng Index retreated from a fresh three-year high amid tariff uncertainties.

The local benchmark gauge fell 138 points, or 0.6 percent, to 24,231 points at closing, after rising 300 points to the highest since February 2022 in the intraday trading. Still, the index gained 5.6 percent in the week. 

The main board turnover was around HK$383 billion. 

The Hang Seng Tech index slid 31 points, or 0.5 percent, to 6,037 points on Friday, but was still up 8.4 percent from a week ago. 

Shares of Tencent (0700) slipped more than 1.9 percent to HK$533.50.

JD.com (9618) and its health unit JD Health International (6618) were the biggest losers among blue chips, whose stocks slumped by around 5 percent to HK$170.10 and over 12 percent to HK$35.75, respectively, following their results announcements on Thursday. 

JD Logistics (2618) also lost more than 14 percent to HK$13.20. 

Sportswear and domestic consumption stocks rose but financial equities fell. HSBC (0005) dropped by around 2.3 percent to HK$87.95. 

The A-share market also declined with the CSI 300 Index losing 12 points, or 0.3 percent. 

STAFF REPORTER