The Hong Kong stock market was little changed on Thursday morning deals, after closing slightly lower the day before. The Hang Seng hovered around 24,516 in a choppy session, with modest gains in property and financial stocks offset by subdued performance in tech and consumers.
Meanwhile, U.S. futures fell notably after overnight Wall Street gains, as sentiment shifted despite President Trump's assurance that he has no plans to remove Fed Chair Powell.
On the trade front, Trump announced plans to issue a single letter to over 150 countries, detailing the tariff rates they would face.
He described the recipients as "not big countries" with limited trade relationships with the U.S. Locally, Hong Kong on Wednesday intervened in the currency market for the sixth time in about three weeks, aiming to defend the Hong Kong dollar from breaching the weak end of its trading band.
Source: Trading Economics
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