Hong Kong stocks were under pressure in early trading, with the Hang Seng Index closing down 0.76% and the Tech Index closing down 1.3%.

According to Jinshi, the market's expectations for the Fed's rate cuts have weakened, and Fitch has downgraded China's rating outlook, which put pressure on Hong Kong stocks in the early trading. The Hang Seng Index opened 282 points lower at 16,856 points, and then the market's decline narrowed. The Hang Seng Index once returned to the 17,000 mark, reaching a high of 17,003 points, only 135 points lower. As of the close, the Hang Seng Index closed down 0.76% in the morning, and the Tech Index closed down 1.3% in the morning. The Hang Seng Index's market turnover was 51.9 billion Hong Kong dollars.

On the market, heavy machinery, shale gas, and cement stocks strengthened, while gold and power stocks continued to rise; agricultural products, supermarkets and convenience stores, and pharmaceutical outsourcing stocks fell, and game software stocks pulled back. In terms of individual stocks, China Hongqiao (01378.HK) rose more than 5%, Zijin Mining (02899.HK) and WH Group (00288.HK) both rose more than 2%, PetroChina (00857.HK) and CNOOC (00883.HK) both rose more than 1%; WuXi AppTec (02359.HK) fell nearly 4%, and Alibaba Health (00241.HK), NetEase (09999.HK), and JD Health (06618.HK) all fell more than 3%.