Hong Kong stocks weaken amid earnings caution, property sector rebound triggered by state support expectations

Sentiment turns cautious ahead of earnings announcements next week when about 30 companies, which are members of the Hang Seng Index, due to unveil results
Chinese property developers Longfor Group and China Resources Land saw a rebound in their shares amid expectations authorities will do more to support the sector.

Hong Kong stocks retreated for a second day, as the mood turned cautious ahead of a flurry of earnings announcements in the week ahead, with worries about a spike in US-China tensions also weighing on sentiment after the US House of Representatives voted to approve a bill that could result in US app stores removing TikTok.The Hang Seng Index edged down 0.5 per cent to 16,984.44 at the noon break. The Hang Seng Tech Index dropped 1.2 per cent and the Shanghai Composite Index was little changed