Trading Conditions
Products
Tools
Hong Kong stocks pulled back early Friday, with weakness among property issues helping to kick the Hang Seng Index down 64 points, or 0.3%, to 22,890.98. The Hang Seng China Enterprises Index tumbled 0.4% to 10,598.40. Shares of Sun Hung Kai Properties Ltd. plunged 1.2% as government measures to tamp down real-estate prices resulted in lower annual net profit and underlying profit for the firm. Among other developers, Shenzhen-listed China Vanke Co. diminished 1.2%, and Hong Kong-listed Cheung Kong Holdings Ltd. backslide 0.7%. Meanwhile, stock in Internet firm Tencent Holdings Ltd. down 0.9% in the wake of Twitter's plan to file for an initial public offering. The Shanghai Composite relinquished 0.2% to 2,248.80, but was on poised for a weekly surge of 5%. The Hang Seng Index was facing a weekly advance of 1.2%.