Hong Kong stocks down at close after early surge

The Hang Seng Index -- which also closed at a record high on Friday -- lost 0.56 percent, or 187.23 points, to end the day at 32,966.89.

The benchmark Shanghai Composite Index dropped 0.99 percent, or 35.13 points, to 3,523.00, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 1.56 percent, or 30.41 points, to 1,919.80.