Hong Kong stocks fall on growing trade war concerns, China shares flat

HONG KONG: Hong Kong stocks fell on Friday, hurt by growing concerns about the U.S.-Sino trade war and the potential for a global recession.

The Hang Seng Index opened down 0.6%, while the tech subindex was 0.5% weaker.



However, China's blue-chip CSI 300 Index and the Shanghai Composite Index were flat, losing just 0.1% at the open. Wall Street saw a sharp decline overnight, a day after U.

S. President Donald Trump's move to temporarily pause tariffs hikes triggered a relief rally. MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.

6%, while Japan's Nikkei tumbled 5%. The Hang Seng's drop comes on top of a 9.5% slide so far this week, with the index on track for its worst weekly performance since February 2018.

Trump has sharpened the focus of his trade war on China and paused most "reciprocal" tariffs on other countries. - Reuters.