Tech stocks from Meituan to Alibaba lead losses in Hong Kong as Chinese ride-hailing giant Didi prepares for US delisting

Hong Kong stocks fell on Friday as concerns about Chinese companies being kicked off American stock exchanges delivered a punch to technology giants, compounded by Didi Global’s move to delist from New York.

The Hang Seng Index retreated 0.1 per cent to 23,766.69 at the close of Friday trading, reversing a two-day gain to finish the week down 1.3 per per cent. That was its third straight weekly loss. The Hang Seng Tech Index slid 1.5 per cent on Friday, while China’s Shanghai Composite Index rose 0.9 per cent.