Hong Kong Stocks Face Longest Decline Amid China Slowdown & Tariff Worries

The Hang Seng Index fell 0.2 per cent to 26,524.40 as of 11.02am local time, heading for a fourth day of declines. The Hang Seng Tech Index dropped 0.9 per cent. On the mainland, the CSI 300 Index slumped 0.5 per cent and the Shanghai Composite Index lost 0.4 per cent. Among the biggest decliners, aluminium maker China Hongqiao Group retreated 4.8 per cent to HK$33.94 and search engine operator Baidu sank 3.9 per cent to HK$141.60. Semiconductor Manufacturing International shed 4 per cent to HK$73.90 and Alibaba Group Holding slipped 0.8 per cent to HK$159.10. Pop Mart International Group, the toymaker known for Labubu, jumped 8.5 per cent to HK$196.30 after it bought back HK$251 million (US$32 million) of its shares.