Stock Market

Hong Kong stocks hit their lowest closing level in more than three months on Friday, hit by a triple whammy of steep losses on Wall Street, falling commodity prices and fears of monetary tightening in China, although they trimmed losses following a late recovery in Shanghai. The benchmark Hang Seng Index ended down 0.65 percent or 136.49 points at 20,726.18, after falling as much as 2.93 percent in morning trade.