Chinese Stocks Slide as Investors Wary After US Inflation Spike; Hong Kong Down, Tech Up

• Chinese stocks slid as investors remained cautious after US inflation report showed prices rose more than expected in February, making a Fed rate cut less likely • Hong Kong stocks edged lower while tech index advanced slightly; JD.com gained on $3B share buyback plan • Shanghai Composite and Shenzhen stock indexes dropped 0.4% and 0.3% respectively • State-owned Chinese banks may raise $11.2B in loans to aid property developer China Vanke in making debt payments • Gold prices retreated after hitting fresh highs earlier in the week; Chinese gold reserves rose for 16th straight month while gold miners' stocks advanced