Hong Kong stocks fell 128 points or 0.6% to 21,940 in early Thursday trade, snapping gains in the previous three sessions as investors took profits after the Hang Seng touched a three-week high. US futures also dipped slightly after Wall Street overnight logged strong advances for the second straight day, supported by softer rhetoric from the White House on China tariffs and assurances that President Trump won't seek to remove Fed Chair Powell. Losses were seen across property, consumer, and tech sectors, while financials traded flat as investors awaited the April Politburo meeting for policy clarity amid ongoing US-China tensions. However, declines were limited by steady inflation data, with Hong Kong's annual rate holding at 1.4% in March. In other news, Trump is considering reducing tariffs on auto parts ahead of a May 3 deadline, according to the Financial Times. Early losers included Meituan (-3.7%), Horizon Robotics (-7.7%), Sinopharm Group (-2.7%), and Kuaishou Tech (-2.1%).
Source: trading Economi
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