The Hang Seng slid 292 points, or 1.1%, to close at 26,413 on Friday, retreating from the prior session's strength as tech and consumer stocks slumped.
Risk sentiment weakened after Wall Street Thursday was pressured by renewed concerns over private credit and escalating U.S.-Iran tensions, with President Trump saying he will decide within 10 days whether to strike Iran.
The tech index dropped nearly 3% as traders positioned ahead of Nvidia's earnings next week.
Simultaneously, consumer shares fell sharply despite signs of strong travel demand during China's Spring Festival.
Still, property stocks edged higher on hopes that Beijing will roll out post-holiday support measures, ahead of a top legislature meeting in early March.
Meanwhile, mainland markets will reopen on Tuesday.
Major laggards included Xiaomi (-3.5%), SMIC (-2.7%), Techtronic (-2.5%), and Tencent (-2.0%).
For the week, the Hang Seng lost 0.6%, after a muted performance in the prior period.

Sumber : Trading Economics