The Hang Seng Index fell 0.4 per cent to 25,682.73 as of 9.50am local time, after rising by 0.4 per cent. The Hang Seng Tech Index fell 1.5 per cent. On the mainland, the CSI 300 Index lost 0.9 per cent and the Shanghai Composite Index dropped 0.7 per cent.
Leading the gainers, sportswear producer Li Ning jumped 4.6 per cent to HK$18.23, and peer Anta Sports Products rose 0.3 per cent to HK$87.80. Home appliance maker Midea Group added 0.2 per cent to HK$82.80 while property developer Sun Hung Kai Properties advanced 0.1 per cent to HK$92.40.
On the negative side, blind-box toymaker Pop Mart International slumped 7.4 per cent to HK$236.80, while online-game provider NetEase dropped 1.7 per cent to HK$225.60. Online travel-booking agency Trip.com Group lost 1.3 per cent to HK$540.50, while electric-vehicle maker BYD tumbled 0.8 per cent to HK$102.10.
Investors are watching closely for any signs that the potential talks between Xi and Trump could help stabilise markets rattled by geopolitical risks and uncertainty over global trade flows. Trump said the talks would range from soybean purchases to rare earth exports and the Russia-Ukraine war.
Chinese oil firm CNOOC advanced 3 per cent to HK$20.08 and peer PetroChina added 1.7 per cent to HK$8.02, after Trump announced sanctions on Russia’s largest oil producers.
