At closing bell, the benchmark Hang Seng Index declined 1.08%, or 256.92 points, to 23,550.08. The Hang Seng China Enterprises Index sank 0.98%, or 81.01 points, to 8,210.29. For the week, the Hang Seng Index fell 5.7% and the Hang Seng China Enterprises index sank 6.6%.
Hong Kong financial markets will be closed from the afternoon session of Monday, Jan. 31 until Thursday, Feb. 3 for the Lunar New Year holidays and will reopen on Friday, Feb. 4.
Huabao International Holdings shares slumped almost 12% after the food flavor manufacturer said its co-chairman is being investigated by the Chinese police over "disciplinary violations."
Hopson Development shares dropped 17% after disclosing auditor PricewaterhouseCoopers had resigned its account after receiving insufficient information to complete procedures.
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