Hong Kong Stocks Extend Weakness
Hong Kong shares fell 195 points or 0.7% to 26,160 in early deals on Tuesday, marking a second day of losses as most sectors retreated. Sentiment weakened after PBoC Governor Pan Gongsheng’s Monday briefing failed to deliver the easing measures investors had hoped for, with policymakers showing little urgency for major stimulus amid resilient exports and a stock market rally.
In the U.S., futures were steady as Fed officials tempered bets for further cuts, noting inflation remains above target, though new Fed Governor Stephen Miran continued to advocate for deeper cuts. Losses were capped by local data showing Hong Kong’s inflation was stable in August, with authorities expecting price pressures to stay modest near term.
Separately, the China Securities Regulatory Commission pledged to improve the quality of listed firms, attract global capital, and tighten supervision. Major decliners included Sino Biopharma (-4.7%), Horizon Robotics (-3.3%), SMIC (-3.1%), and China Hongqiao (-3.0%).
Source: Tradingeconomics.com
