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Hong Kong stocks fell as much as 3% Friday as the US yield surge hit through the HKD peg, with mainland markets shut.
The Hang Seng Index plunged 2.7%, or 667 points, to 23,943 on Friday, marking its largest one-day decline since July 2026, as a renewed selloff in global risk assets weighed on Hong Kong shares following the National Day holiday.The decline came amid elevated US Treasury yields, with the 10-year yi…