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Hong Kong Equities Snap 3-Day Advance

Shares in Hong Kong slipped 52 points, or 0.2%, to 26,386 in early trading on Tuesday, ending a three-day winning streak amid a pullback mainly in consumer stocks. Investor sentiment softened as mainland stocks pulled back from decade highs, ahead of official October PMI data due later this week. Questions also emerged over the durability of the recent thaw in U.S.-China trade tensions. Losses were cushioned by reports that China plans to streamline its qualified foreign investor regime by easing access requirements, improving efficiency, and expanding investment options to attract long-term foreign capital. On the trade front, Hong Kong’s exports jumped 16.1% yoy in September, the fastest pace since March, while imports rose 13.6%, both reaching their highest levels in nearly four years. Early decliners included gold miners Zhaojin Mining Industry (-3.1%), Zijin Gold Intl. (-2.5%), Laopu Gold (-0.7%), alongside Anta Sports (-2.7%), Xiaomi Corp. (-1.5%), and China Unicom (-1.2%).

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