Hong Kong stocks post loss for the week after US data shock triggers regional sell-off
Hong Kong stocks stumbled after a surge in US unemployment and manufacturing contraction triggered worries about a slowdown in the world's largest economy, while the city's developer were under additional pressure after Hongkong Land reported a jump in losses in its latest earnings announcement. The Hang Seng Index lost 2.1 per cent to 16,945.51 at the close of trade on Friday, pushing the benchmark into the red for the week. The Tech Index declined 2.6 per cent, while the Shanghai Composite Ind