Hong Kong shares tumbled 489 points, or 1.8%, to 26,604 in Tuesday morning trade, reversing a 2.5% rally in the prior session after a plunge on Wall Street overnight due to renewed U.S. trade policy uncertainty following President Trump's new global tariff in the wake of a Supreme Court ruling.
Markets pulled back from a two-week top, with broad sector weakness.
Tech slid over 2% ahead of Nvidia's earnings, while consumer and financials fell after local data showed the city's jobless rate hit an over three-year high of 3.9% in the three months to January.
Investors also awaited key releases this week, including Hong Kong's Q4 GDP, January inflation, and trade figures.
Still, a rebound in the Shanghai Composite helped limit losses as Chinese markets reopened post-Lunar New Year on hopes of lower levies after the U.S. court struck down Trump's sweeping tariffs.
Notable decliners included Tencent Music Ent. (-4.3%), Laopu Gold (-3.9%), Pop Mart Intl. (-3.4%), and SMIC (-1.8%).
Sumber : Trading Economics
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