Hong Kong stocks decline as investors await Trump-Xi summit details

Hong Kong stocks fell sharply on Friday, with the Hang Seng index declining 1.7% as investors sought clarity on U.S.-China relations following the Trump-Xi summit. The Hang Seng Tech Index dropped over 2%, led by weakness in technology and artificial intelligence shares.

Trading volumes remained subdued across Asian markets due to holiday closures, with investors cautiously assessing the implications of the summit for bilateral ties and market sentiment.