Hong Kong Stocks Drop Sharply
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Hong Kong stocks fell sharply, dropping 489 points (1.8%) to 26,604, reversing a previous rally. This decline followed a significant drop on Wall Street due to renewed U.S. trade policy uncertainty after President Trump's new tariffs. The tech sector fell over 2%, and local jobless rates reached a three-year high of 3.9%. Despite this, a rebound in the Shanghai Composite limited losses. Notable decliners included Tencent Music (-4.3%) and Laopu Gold (-3.9%). Investors are awaiting key economic data releases this week.
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