Hong Kong shares sank on Friday following a mixed lead from Wall Street, even after data showed US inflation fell further in October, ramping up bets on an interest rate cut early next year.

The Hang Seng Index fell 1.3 percent, or 212 points, to 16,830.

The Shanghai Composite Index rose 0.1 percent, or 1 point, to 3,031, and the Shenzhen Composite Index added 0.3 percent, or 4 points, to 1,887. (AFP)