Hong Kong Slips As Asia Runs Out Of Steam

Hong Kong shares tumbled in the morning session on Friday as investors cashed in after six straight gains, while also looking ahead to a potentially contentious Group of Seven summit on the weekend.

The Hang Seng Index sank 1.2 percent, to 31,126.

On the mainland, the Shanghai Composite Index slipped 1.5 percent, to 3,061 while the Shenzhen Composite Index dropped 1.3 percent, to 1,744.

Most of the Asian markets retreated with traders turning their attention to a Group of Seven summit that could see world leaders clash with Donald Trump over his latest tariff provocations.

Japan's Nikkei ended the morning session 0.1 percent down. Sydney lost 0.1 percent, Singapore was down 0.5 percent and Seoul dropped 0.7 percent.

Taipei, Manila and Jakarta were also down. (AFP)

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