Hang Seng ends 0.4% down on Friday

Hong Kong's stocks prolonged losses on Friday on weaker than expected official Chinese PMI report. HSBC separate research indicated contraction in manufacturing activity with PMI reading dropping to 48.4 Hang Seng index declined 0.38% or 71.18 points and finished at 18,558.34. Shippers extended drop with Cosco Pacific edging down 2.5% and Citic Pacific deteriorating 2.7%. On the upside remained Hong Kong's property shares. Wharf Holdings climbed 0.3% and New World Development advanced 2%.