Press Releases in Hong Kong

Hong Kong shares end lower ahead of key US data

Hong Kong shares finished lower on Friday, dragged down by tech stocks, as investors stood on the sidelines ahead of a key US jobs data due later in the day for clues on the timing and pace of Federal Reserve’s plan to withdraw its pandemic-era stimulus.

At the close of trade, the Hang Seng index was down 188.44 points or 0.72 percent at 25,901.99 points, while the Hang Seng China Enterprises index fell 0.53 percent to 9,291,71.

For the week, the HSI index gained 1.95 percent.

The sub-index of Hang Seng tech shares ended 1.07 percent lower, while the financial sector fell 0.18 percent.

Data on Thursday showed the number of Americans filing new claims for jobless benefits fell last week, although the focus will be on the Labor Department’s monthly jobs report to set the stage for the Fed’s policy meeting later this month.