Hong Kong stocks closed the week lower amidst the continuous worries that anti-government protests could add pressure on the city island’s economy amid a bruising China-U.S. trade war.
The Hang Seng index ended down 0.1% at 26,435.67 on Friday, while the China Enterprises Index also lost 0.1% to 10,375.65.
HSI shed 3.4% for the week, while HSCE lost 2.9%.
Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.57%, while Japan’s Nikkei index closed up 0.16%.
European shares were set for their fifth straight week of gains on Friday, led by defensive and retail stocks, but gains were limited as investors remained cautious about a wider economic slowdown and progress in U.S.-China trade talks.
STOXX 600 on track for fifth weekly gain.
A 1.08% increase in the retail sector helped lift the pan-European STOXX 600 index by 0.2%. Investors also bought into the so-called defensive sectors such as healthcare, utilities, real-estate and food and beverage.
Debt-laden French retailer Casino gained 2% after the company said it was in talks to sell its discount store chain Leader Price to German rival Aldi. Roche was among the biggest boosts to healthcare stocks.
This week’s US stock market rally had a somewhat disappointing session, with modest to solid morning gains largely erased by the close. The Dow Jones Industrial Average fell 0.2%, the S&P 500 index closed almost exactly unchanged, and the Nasdaq composite edged up 0.1%.