The Hang Seng Index declined 0.3 per cent to 22,003.90 at 10.14am local time, paring some of the 2.4 per cent gains recorded in the previous session. The Hang Seng Tech Index lost 0.6 per cent. On the mainland, the CSI 300 Index rose 0.4 per cent, while the Shanghai Composite Index advanced 0.3 per cent.
Travel-booking agency Trip.com fell 1.1 per cent to HK$450.80, while e-commerce giant JD.com retreated 1.6 per cent to HK$130.30 and food-delivery platform Meituan lost 2.2 per cent to HK$131.00.
Among the gainers, apparel maker Shenzhou International Group added 1.5 per cent to HK$53.40 and pharmaceutical maker WuXi AppTec advanced 1.7 per cent to HK$58.40.
Overnight in the US, the S&P 500 Index closed 1.7 per cent higher after surging as much as 3.4 per cent, after Treasury Secretary Scott Bessent said that President Donald Trump had not offered to remove tariffs on China on a unilateral basis.
Bessent said the White House was looking at multiple factors with regard to China beyond tariffs – including non-tariff barriers and government subsidies.
