The Hang Seng Index slipped 0.4%, or 85 points, to around 24,830 on Tuesday, as investors stayed cautious ahead of key economic releases and monetary policy decisions. Gains in technology stocks offered some support, but weakness in selected names kept the benchmark in negative territory.
Sentiment was restrained by anticipation of major global central-bank decisions and by elevated oil prices, which have reignited concerns about inflation and the future path of interest rates. Adding to the cautious tone, the US 10-year Treasury yield briefly touched 5%, its highest level since October 2023, ahead of this week’s Federal Reserve policy meeting.
Investors were also awaiting the release of China’s August economic data—covering new-home prices, industrial production, and retail sales—due later in the day. On the corporate front, notable decliners included Z.AI Co. (-1.5%), Trip.com (-1.0%), and Genscript Biotech (-2.9%). In contrast, Tencent (+0.9%), Kingboard Laminates (+3.1%), and Techtronic Industries Co. (+2.2%) advanced.
