Hong Kong stocks fell 98 points, or 0.4% to 25,734 in Tuesday morning's session, snapping a two-day rally after Wall Street closed lower as traders weighed U.S. President Trump's tariff threats. Trump reportedly warned of "200% tariffs or something" on China if it limits rare-earth magnet exports, and vowed retaliation against countries targeting U.S. Big Tech, calling such moves "discriminatory."
The Hang Seng pulled back from its highest in almost four years as caution grew ahead of China's January–July industrial profit data, with sentiment weighed by trade frictions, weak demand, and adverse weather.
Still, losses were capped by strength in mainland markets, up near 10% so far this month on liquidity-driven gains and AI optimism. In Shanghai, authorities scrapped property taxes for first-home buyers and eased suburban purchase limits. All sectors fell, led by property and tech, with Haidilao (-3.2%), KE Hlds. (-3.5%), Innovent (-3.1%), and SMIC (-2.3%) among top losers.
Source: Trading Economics
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