2025.10.2802:12:25UTC+00Hong Kong Equities Snap 3-Day Advance

Hong Kong's stock market observed a slight decline on Tuesday, with the index dropping 52 points, or 0.2%, to 26,386 during early trading. This downturn halted a three-day upward trend, driven primarily by a retreat in consumer stocks. Investor confidence diminished as mainland stock indices retreated from their decade-high levels, ahead of the upcoming release of official October PMI figures later this week. Concerns were also raised regarding the persistence of the recent easing in U.S.-China trade tensions. However, losses were mitigated by reports indicating China's intention to simplify its qualified foreign investor framework. The proposed changes aim to ease access requirements, enhance efficiency, and broaden investment choices to attract long-term foreign capital. In terms of trade, Hong Kong’s exports surged by 16.1% year-on-year in September, marking the fastest growth rate since March, while imports increased by 13.6%, both reaching their highest levels in nearly four years. Early decliners in the market included gold producers Zhaojin Mining Industry (-3.1%), Zijin Gold International (-2.5%), Laopu Gold (-0.7%), as well as consumer-related stocks such as Anta Sports (-2.7%), Xiaomi Corp. (-1.5%), and China Unicom (-1.2%).