Hong Kong stocks trim losses after a government report showed benign inflation in mainland China, raising hopes for further monetary policy easing. Tech stocks also recovered from a sell-off.
The Hang Seng Index fell 0.3 percent to 21,806.18 at the close of trading on Friday, paring a loss of as much as 1.7 percent.

The Tech Index wavered between gains and losses before closing 1.6 percent higher. The Shanghai Composite Index gained 1.4 percent.
Alibaba Group Holding advanced 1.4 percent to HK$112.80 after losing as much as 3.9 percent. Tencent added 0.4 percent to HK$396.40, while Li Ning rose 3.4 percent to HK$65.35.

Gains in the technology sector were capped by Bilibili, which sank 5.8 percent to HK$219.80. Its first-quarter earnings disappointed analysts, prompting Credit Suisse and Goldman Sachs to lower their price targets.