FX.co ★ Hong Kong Stocks Move in the Red

In a volatile trading session on Tuesday morning, Hong Kong shares declined by 84 points, or 0.3%, settling at approximately 24,826. This drop reversed the modest gains seen on the previous day. Market participants exercised caution following negative cues from Wall Street overnight as they awaited crucial U.S. inflation metrics, with the Consumer Price Index (CPI) figures expected later today and the Producer Price Index (PPI) set for release on Thursday. Technology and consumer sectors led the losses, whereas property stocks remained stable, even as Beijing announced the lifting of restrictions on suburban home purchases. The market's downturn was somewhat mitigated by recent tariff developments; President Trump signed an executive order to extend the trade truce with China for another 90 days, which led Beijing to reciprocate by suspending additional tariffs on U.S. products. On the geopolitical front, President Trump is anticipated to meet with Russian President Putin in Alaska on Friday to discuss a potential settlement of the conflict in Ukraine. Among the early decliners were Innovent Biologics, which fell by 3.7%, Pop Mart International, dropping 3.0%, Smoore Holdings, decreasing by 2.9%, and Kuaishou Technology, down 2.1%.