Hong Kong shares were little changed, hovering around 25,940 in early Wednesday trade, following three straight sessions of losses. Gains in tech and consumer stocks helped offset weakness in financials and property, though markets hovered near a two-week low ahead of October inflation data in the city, which has remained steady since July. Meanwhile, the Hong Kong Monetary Authority is reportedly tightening oversight of banks’ handling of distressed loans amid deepening property concerns. In China, the PBoC is set to announce its monthly loan prime rates on Thursday, with expectations for record-low levels to be maintained. In the U.S., stock futures edged higher after the S&P 500 and Dow posted a fourth consecutive decline overnight, pressured by caution ahead of Nvidia’s earnings and uncertainty over the Fed’s rate trajectory. Notable movers included Chow Tai Fook (2.8%), Trip.com (2.7%), and Laopu Gold (1.5%), while Techtronic Industries (-3.5%) and Xiaomi (-3.4%) led losses.
