Hong Kong stocks opened lower on Friday, weighed down by rising 10-year US Treasury yields and Middle East geopolitical instability that pushed oil prices above US$100 (HK$780).
The benchmark Hang Seng Index fell 236 points, or 0.95 percent, to 24,718 points, while the tech gauge dropped 1.36 percent to 4,271 points.
Tech heavyweights extended this week's losses. Alibaba (9988) declined 1.78 percent and Tencent slipped 1.46 percent, while Meituan (3690) and Xiaomi (1810) each fell 1 percent. JD.com (9618) edged down 0.28 percent.
Rising oil prices lifted Hong Kong oil majors, with CNOOC (0883) advancing 1.52 percent as the best-performing blue chip and PetroChina (0857) gaining 0.69 percent.
