Hong Kong stocks dropped on Friday after four days of advances, as investors searched for fresh catalysts beyond expectations about a US interest-rate cut that reversed a tumble triggered by concerns about an artificial-intelligence bubble.
The Hang Seng Index fell 0.2 per cent to 25,891.18 as of 11.13am local time. For the month, the benchmark has lost 0.1 per cent, heading for a second consecutive monthly decline. The Hang Seng Tech Index gained 0.1 per cent.
On the mainland, the CSI 300 Index…
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