The Hang Seng Index fell 0.1 per cent to 26,249.98 as of 10.09am local time, taking the monthly decline to 2.3 per cent. The Hang Seng Tech Index dropped 0.8 per cent.
On the mainland, the CSI 300 Index slid 0.3 per cent and the Shanghai Composite Index retreated 0.2 per cent.
Chinese EV maker BYD dropped 4.7 per cent to HK$99.35 after third-quarter profits fell 32 per cent from a year ago. Chipmaker Semiconductor Manufacturing International Corp slid 3.7 per cent to HK$76.25. Alibaba Group Holding retreated 1.5 per cent to HK$169.50 and Tencent Holdings lost 0.5 per cent to HK$647.50.
The official manufacturing purchasing managers’ index stood at 49 in October, down from 49.8 the previous month, the National Bureau of Statistics said on Friday. A reading below 50 indicates shrinkage.
With the dust settling on China-US tensions, investors turned back their attention to the fundamentals. The results of a sit-down between Chinese President Xi Jinping and his US counterpart Donald Trump largely fell in line with expectations, with the earlier stock gains having already priced in the development.
