Hong Kong shares set for worst weekly loss in a year, China weaker too

Hong Kong shares are set for their worst weekly loss in a year as investors brace for US jobs data later in the day that could set the stage for a tapering of the Federal Reserve’s monetary stimulus.

Mainland Chinese markets were also weaker on Friday, set for their first weekly loss in six as investors grapple with tight money supply ahead of a three-day public holiday next week and a slew of fresh economic data for May starting over the weekend.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1255468/hong-kong-shares-set-worst-weekly-loss-year-china-weaker