Hong Kong stocks decline as US-China tariff tensions weigh on market sentiment

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Hong Kong stocks decline as US-China tariff tensions weigh on market sentiment

Hong Kong stocks fell for the first time in four days on Thursday, as sentiment deteriorated after the US Treasury Secretary said that the White House had not offered to cut tariffs unilaterally.

The Hang Seng Index declined 1.2 per cent to 21,805.29 at the noon trading break, paring some of the 2.4 per cent gains recorded on Wednesday. The Hang Seng Tech Index lost 2 per cent. On the mainland, both the CSI 300 Index and the Shanghai Composite Index eased 0.1 per cent.

E-commerce giant JD.com retreated 5.3 per cent to HK$125.40, food-delivery platform Meituan lost 4.9 per cent to HK$127.40 and travel-booking agency Trip.com fell 2.1 per cent to HK$446.00.

Among the gainers, apparel maker Shenzhou International Group added 0.5 per cent to HK$52.80 and pharmaceutical maker Hansoh Pharmaceutical Group advanced 1.3 per cent to HK$24.05.

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