The Hang Seng Index fell 64 points, or 0.3%, to 24,600 on Tuesday, marking its fifth consecutive decline and leaving it near its lowest level since late March. Market sentiment remained fragile, even as reports indicated easing tensions in the Middle East following a pause in hostilities between Israel and Iran and a pickup in optimism toward AI-related stocks.
Losses were concentrated in finance, retail trade, and energy minerals, while selected technology names advanced. Notable decliners included AIA (-1.6%), Lenovo (-0.3%), Knowledge Atlas Technology (-7.8%), and Xiaomi (-1.2%). By contrast, Tencent rose 3.4% and Semiconductor Manufacturing International Corporation added 0.9%, helping the benchmark pare earlier losses.
Investors remained cautious amid ongoing concerns about the pace of China’s economic recovery and ahead of the release of the country’s latest trade balance data.
