China shares edge down on weak sentiment

05.06.2023

China stocks closed down on Friday as a slew of weak data weighed on investor sentiment. Hong Kong stocks, too, declined, led by tech shares after e-commerce giant Alibaba Group Holding Ltd posted weaker-than-expected earnings.

China's blue-chip CSI300 Index closed down 0.3%, while the Shanghai Composite Index lost 0.4%.

Hong Kong's benchmark...