HK stocks slip after rally

Hong Kong stocks slipped in the first few minutes of trade on Friday morning as investors struggled to maintain the previous day’s rally despite a record performance on Wall Street and data showing the US economy powered along in the first quarter.

The Hang Seng Index fell 0.55 percent to 29,143.

The benchmark Shanghai Composite Index dipped 0.19 percent to 3,468, while the Shenzhen Composite Index on China’s second exchange eased 0.20 percent to 2301. (AFP)