Chinese and Hong Kong stock markets are down, but have accumulated gains for the week.

247 - Chinese and Hong Kong stock markets closed slightly lower on Friday (7), after a week of moderate gains. The movement reflects investor caution in the face of fluctuations in the global technology sector, which is facing its worst weekly run in seven months.

Despite the daily decline, the main Chinese indexes closed the week in positive territory. The Shanghai index and the CSI300 — which includes the largest companies listed in Shanghai and Shenzhen — fell 0,3% on Friday, but accumulated gains of about 1% over the last five days. In Hong Kong, the Hang Seng index lost 0,9% in trading, but also rose 1% for the week, supported by previous gains.

Meanwhile, markets heavily exposed to the technology sector in the United States and other regions of Asia are preparing to record their biggest weekly losses since the beginning of the year. The movement was driven by an adjustment in the shares of artificial intelligence companies, which had been accumulating significant gains in recent months.

The United States government, led by President Donald Trump, announced on Thursday (6) that it will continue negotiations with China on shipbuilding and maritime logistics. The decision includes a one-year pause on port fees applied to vessels linked to China, as part of a broader agreement to reduce trade tensions between the two powers.

Among the major technology companies listed in Hong Kong, there was an average drop of 1,8%, reversing part of the nearly 3% gain recorded the previous day. In other Asian markets, performance was also mixed: Tokyo's Nikkei fell 1,2% to 50.276 points; Seoul's Kospi retreated 1,81% to 3.953 points; and Taiwan's Taiex lost 0,89% to 27.651 points.

In contrast, Singapore's Straits Times rose 0,16%, closing at 4.492 points. Meanwhile, Sydney's S&P/ASX 200 fell 0,66% to 8.769 points.