The Hang Seng Index was up marginally at 25,173.83 at 11.06am local time after falling as much as 0.2 per cent. The Hang Seng Tech Index declined 0.5 per cent. On the mainland, the CSI 300 Index added 0.2 per cent, while the Shanghai Composite Index was little changed.
Aluminum producer China Hongqiao Group rose 2.5 per cent to HK$24.30, while digital health services provider JD Health International increased 2 per cent to HK$64.90. Chipmaker SMIC advanced 0.3 per cent to HK$51.90.
Limiting gains, search-engine leader Baidu slid 2.2 per cent to HK$85.30, after quarterly revenue fell by the most in nearly three years. Online travel-booking agency Trip.com slipped 1.7 per cent to HK$492, while electric-vehicle maker Li Auto tumbled 1.8 per cent to HK$90.50.
Overnight in the US, the S&P 500 fell 0.2 per cent and the Nasdaq 100 dropped 0.6 per cent. Investors are awaiting Jerome Powell’s final keynote speech as Fed chair on Friday to look for hints of an interest-rate cut in September. The markets have already priced in a quarter-point rate cut next month.
Two spot bitcoin and ether exchange-traded funds (ETFs) debuted. MicroBit Bitcoin Spot ETF fell 0.3 per cent to HK$7.79 and MicroBit Ether Spot ETF added 1.9 per cent to HK$7.96.
