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Nikkei Markets

Hong Kong shares drop as US bill reignites trade concerns

Stocks retreat even as China's benchmark interest rate declines

HONG KONG (Nikkei Markets) -- Hong Kong shares fell for the first time in four days on Wednesday, as Sino-American trade worries resurfaced after the U.S. Senate passed legislation that would require an annual review of the special treatment the city receives under U.S. law.

The Hang Seng Index declined 0.8% to 26,889.61 after rising 2.9% over the last three trading days. Heavyweight insurers AIA Group and Ping An Insurance Group fell 2.1% and 0.5%, respectively. Snack maker Want Want China Holdings, which rose 4.5% on Tuesday following an increase in its fiscal first-half profit, shed 3.1%.

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