Hong Kong stocks head into weekend with hefty loss

Hong Kong: Hong Kong stocks ended the week with a sharp loss Friday as investors were spooked by a report that Dnoald Trump is planning to impose tariffs on $200 billion of Chinese goods early next month.

The Hang Seng Index sank 0.98 percent, or 275.50 points, to close at 27,888.55.

The benchmark Shanghai Composite Index shed 0.46 percent, or 12.49 points, to 2,725.25, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 1.09 percent, or 15.80 points, to 1,451.38.