Hong Kong Stocks Dip as Rally Loses Momentum

Hong Kong shares ended lower on Friday, halting a four-day rally. The pause comes as investors look for new market drivers after recent gains. The Hang Seng Index fell 0.3 percent to close at 25,858.89. This slight drop contributed to a 0.2 percent decline for the entire month, marking its second monthly loss in a row. The Hang Seng Tech Index remained nearly flat, gaining less than 0.1 percent. The recent upswing was fueled by expectations of a US interest-rate cut. This optimism had earlier reversed a market slump caused by fears of an artificial-intelligence stock bubble. With those factors now reflected in stock prices, the market is searching for fresh catalysts. On the mainland, the CSI 300...