The Hang Seng Index fell 0.2 per cent to 25,891.18 as of 11.13am local time. For the month, the benchmark has lost 0.1 per cent, heading for a second consecutive monthly decline. The Hang Seng Tech Index gained 0.1 per cent.
On the mainland, the CSI 300 Index and the Shanghai Composite Index both rose 0.1 per cent.
Meituan slipped 0.1 per cent to HK$103.90 before its earnings card later on Friday. Biopharmaceutical firm Wuxi AppTec sank 3.3 per cent to HK$101.70, and bottled water maker Nongfu Spring declined 2.1 per cent to HK$49.38.
Hong Kong stocks are set to close out a month marked by wild swings alongside global markets. Stocks got hammered by a retreat in risk appetite amid jitters about elevated valuations of AI stocks before firm bets on a rate reduction by the Federal Reserve in December reversed sentiment. Rates traders now price an 85 per cent probability of a Fed cut next month.
