The Hang Seng dropped 76 points, or 0.3%, to finish at 26,487 on Tuesday, continuing its decline for a fourth session and marking its lowest level in a week. Sentiment was dented by a sharp drop in U.S. futures after President Trump intensified efforts to assert U.S. control over Greenland and threatened to impose new tariffs on several European countries. Caution was further amplified by a regulatory crackdown in China, where mainland exchanges tightened oversight to curb speculation and abnormal trading practices. Still, morning weakness were partly trimmed after the People’s Bank of China left benchmark lending rates unchanged for an eighth straight month, following China’s achievement of its 5% growth target in 2025. Declines were led by tech and consumer stocks, with notable laggards including Knowledge Atlas Tech (-8.0%), Sunny Optical (-3.2%), and SMIC (-3.1%). In contrast, China Taiping Insurance surged 4.0% to a near seven-year high on a strong earnings outlook.
