At close, Hang Seng Index down 0.6%, Hang Seng Tech Index falls 0.78%. BYD Electronic (00285.HK) dropped nearly 5%, Midea (00300.HK) and BYD (01211.HK) lost over 2%.

At close, Hang Seng Index down 0.6%, Hang Seng Tech Index falls 0.78%. BYD Electronic (00285.HK) dropped nearly 5%, Midea (00300.HK) and BYD (01211.HK) lost over 2%.

Hong Kong stocks traded in a narrow range on Tuesday, September 2nd, 2025, following a significant gain in the Hang Seng Index the previous day. The Hang Seng Index fell 0.1% to 25,600.07 by 10:03am local time [1]. The Hang Seng Tech Index dropped 0.6%, while on the mainland, the CSI 300 Index slipped 0.1% and the Shanghai Composite Index retreated 0.3% [1].

Among the notable movers, Zhongsheng Group Holdings advanced 5% to HK$16.78, and household appliances maker Midea Group gained 3.5% to HK$86.95. Conversely, China Unicom slid 3.9% to HK$9.42, and machine tool maker Techtronic Industries lost 2.7% to HK$97.15 [1].

At close, the Hang Seng Index was down 0.6%, and the Hang Seng Tech Index fell 0.78%. BYD Electronic (00285.HK) dropped nearly 5%, while Midea (00300.HK) and BYD (01211.HK) lost over 2% [2].

The mixed performance of Hong Kong stocks can be attributed to several factors. Firstly, the Hang Seng Index's recent gains are seen as a catch-up with its mainland counterparts, which reached their highest level in a decade last month [1]. Additionally, expectations of the Federal Reserve cutting borrowing costs later this month have added impetus to sentiment [1]. However, the overall market remains cautious amidst global economic uncertainty.

On a positive note, the entry of Web3 infrastructure provider Sign into the Hong Kong market is expected to promote the large-scale adoption of Web3 applications. Sign's collaboration with listed companies in Hong Kong and its planned community activities, including "Orange Karaoke" and offline meetups, could provide a boost to the local tech sector [2].

References:
[1] https://www.scmp.com/business/china-business/article/3323983/hong-kong-stocks-tread-water-after-hang-seng-indexs-biggest-advance-2-weeks
[2] https://www.lookonchain.com/feeds/27493