Hong Kong shares slipped 84 points or 0.3% to around 24,826 in a volatile Tuesday morning session, reversing modest gains in the prior day. Investors were cautious following a negative lead from Wall Street overnight, ahead of key U.S. inflation data, with CPI figures due later today and PPI scheduled for Thursday. Losses were led by tech and consumer names, while property stocks were muted despite Beijing city’s move to lift curbs on suburban home purchases. Further losses were limited by the latest tariff developments, as President Trump signed an executive order extending the truce with China for another 90 days, prompting Beijing to pledge a reciprocal suspension of additional tariffs on U.S. goods. In geopolitics, Trump is expected to meet Russian President Putin in Alaska on Friday to discuss a potential resolution to the war in Ukraine. Early decliners included Innovent Biologics (-3.7%), Pop Mart International (-3.0%), Smoore Holdings (-2.9%), and Kuaishou Technology (-2.1%).
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