Hong Kong stocks slid for a third straight day, tracking losses in major Asian markets, amid concerns rising tensions stoked by US trade policies will hurt economic growth and fuel recession risks.

The Hang Seng Index tumbled 1 per cent to 23,555.24 at 10.50am local time on Tuesday, adding to a 1.9 per cent loss on Monday and a 0.6 per cent setback on Friday. The Hang Seng Tech Index slipped 0.3 per cent. The CSI 300 Index fell 0.5 per cent and the Shanghai Composite Index of onshore stocks declined 0.4 per cent.

Japan's Nikkei 225 fell 1.7 per cent while South Korea's Kospi Index lost 1.3 per cent and Australia's S&P/ASX 200 Index slipped 1 per cent. The MSCI Asia-Pacific ex-Japan Index, which tracks major markets outside Japan, lost 1.2 per cent.

Source: SCMP