The Hang Seng ended the session with little move on Wednesday, closing around 19,742 after rising in the previous three sessions.
Traders digested private survey data that showed an unexpected slowdown in China's services activity last month, despite a series of support measures since September. In Hong Kong, private sector activity grew for a second straight month, albeit at a slower pace.
Market participants were warily watching political developments in South Korea, where a brief declaration of martial law led to opposition calls for the impeachment of President Yoon Suk Yeol.
On the trade front, Beijing announced a ban on rare earth exports to the US after Washington's latest crackdown on China's chip sector.
In the US, Fed Chair Powell will speak in New York today, with monthly jobs data due on Friday. Miniso Group (+4.6%) and Trip.Com (+2.5%) posted strong gains while Akeso Inc. (-6.4%) and GCL Tech Hlds. (-4.8%) fell.
Source: Trading Economics
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