<div id="readability-page-1"><div>Hong Kong stocks tumbled 446 points, or 1.7%, to 26,588 in early Friday trade, extending losses for a second session following an overnight Wall Street’s sharp retreat on AI disruption fears.Meanwhile, fresh data showed China’s new home prices slid 3.3% yoy in January, the steepest drop in seven months, underscoring Beijing’s struggle to stabilize property markets and further pressuring sentiment.All sectors weakened, with financials, consumer names, and tech leading declines.Still, losses were partly cushioned by reports that Washington has delayed key tech security measures against Beijing ahead of an April summit between U.S. President Trump and his Chinese counterpart, Xi Jinping.Major laggards included Tencent Music (-9.2%), Wuxi Biologics (-4.2%), Meituan (-3.1%), AIA Group (-3.0%), and Trip.com (-1.9%).For the week, the Hong Kong market was little changed.Trading will pause Monday through Thursday for the Lunar New Year holiday.</div></div>

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Hong Kong stocks fell 1.7% to 26,588, marking a second consecutive session of losses due to Wall Street's decline amid AI disruption concerns. China's new home prices dropped 3.3% year-on-year in January, the largest decrease in seven months, impacting market sentiment. All sectors declined, particularly financials, consumer names, and tech. Notable declines included Tencent Music (-9.2%) and Wuxi Biologics (-4.2%). Despite these losses, reports of delayed U.S. tech security measures provided some support. The market showed little change for the week, with trading paused for the Lunar New Year holiday.

- Hong Kong stocks fell 446 points, or 1.7%, to 26,588, influenced by a decline on Wall Street amid AI disruption concerns.  
- China's new home prices decreased by 3.3% year-on-year in January, the largest drop in seven months, impacting property market stability and investor sentiment.  
- Key stocks such as Tencent Music and Wuxi Biologics experienced significant losses, while reports of delayed U.S. tech security measures provided some support ahead of the upcoming U.S.-China summit.

Hong Kong Shares Under Pressure, Weekly Performance Muted