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Equities

Hong Kong shares slide as US import tariff fears shake Wall Street

China Construction Bank biggest drag on Hang Seng Index

HONG KONG (Nikkei Markets) -- Hong Kong shares fell on Friday, tracking equity indexes on Wall Street, after U.S. President Donald Trump indicated the country would impose import tariffs on foreign metals, adding to ongoing worries about a faster-than-expected pace of U.S. interest-rate increases.

The Hang Seng Index had shed 1.5% to 30,568.02 by the noon break. Apple supplier Sunny Optical Technology Group lost 2.7% to lead losses on the gauge in percentage terms, while AAC Technologies Holdings, which also supplies components to the iPhone maker, dropped 1.8%. Heavyweight mainland Chinese financial stocks listed in Hong Kong dropped, with Ping An Insurance Group and China Construction Bank (CCB) falling 2.4% and 2.3%, respectively, while London-headquartered HSBC Holdings lost 1%. CCB was the biggest drag by points on the 51-member index.

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