Hong Kong Shares Set for First Weekly Loss in Four

Hong Kong stocks edged down 30 points or 0.1% to 24,748 on the first trading day of August, falling for the fourth session while lingering at a two-week low. Sentiment was weighed by U.S. President Trump’s new reciprocal tariffs ranging from 10% to 41% on imports from countries without trade deals, effective today. Meanwhile, a private survey showed an unexpected drop in China’s manufacturing sector in July, reinforcing official data that marked a fourth monthly fall, amid ongoing trade barriers and severe weather disruptions. For the week, the Hang Seng is on track for its first weekly decline in four, down about 2.7%, after U.S.-China trade talks ended earlier in the week without meaningful progress, leaving tariff decisions in Trump’s hands. Notable decliners included Smoore Hlds. (-7.8%), Prada (-4.8%), Laopu Old (-2.8%), and Li Auto (-2.5%). Losses were limited by optimism surrounding China’s upcoming Politburo meeting, which is expected to introduce further stimulus measures.