The Hang Seng Index dropped 0.2 per cent to 25,872.37 at the noon break, paring the gain for the week to 0.1 per cent. The Hang Seng Tech Index declined 0.3 per cent.
On the mainland, the CSI 300 Index and the Shanghai Composite Index both added 0.1 per cent.
Shenzhou International Group Holdings, the Chinese apparel maker that supplies to Nike, slid 4.1 per cent to HK$64 after Citigroup cut the price target and earnings estimates for the company, citing the fallouts of US tariffs. Chinese online travel agency Trip.com Group sank 2.2 per cent to HK$544. Alibaba Group Holding slipped 0.3 per cent to HK$153.90 and Tencent Holdings retreated 0.8 per cent to HK$607.
Hong Kong stocks have been struggling to hold onto momentum after staging a rebound on a recovery in global risk appetite. With a quarter-point rate reduction by the Federal Reserve next week largely priced in, investors are looking to the policy meeting in Japan on December 19 for insight into whether a highly anticipated rate hike will roil global financial markets by unwinding the yen carry trade. China’s annual central economic work conference, expected to take place this month, is also in focus, with traders eyeing how Beijing plans to jump-start growth in 2026.
“The market is entering a consolidation period and waiting for incremental policies,” said Song Yiwei, an analyst at Bohai Securities. “Fresh catalysts are pretty much needed and if coming policies exceed expectations, the rebound in stocks will be extended.”
