The Hang Seng Index slipped 0.3 per cent to 26,832.52 as of 9.45am local time, after jumping as much as 0.3 per cent. The Hang Seng Tech Index was little changed. On the mainland, the CSI 300 Index fell 0.1 per cent, while the Shanghai Composite Index added 0.1 per cent.
Apparel maker Shenzhou International Group fell 2.2 per cent to HK$62.05, while aluminium producer China Hongqiao Group slid 2.4 per cent to HK$25.18. Sportswear producer Anta Sports Products slipped 1.8 per cent to HK$95.05, while Wuxi AppTech dropped 1.8 per cent to HK$111.60.
Limiting losses, search-engine giant Baidu jumped 3.1 per cent to HK$135.10, while blind box toymaker Pop Mart International added 2.2 per cent to HK$261. E-commerce firm Alibaba Group Holding advanced 0.6 per cent to HK$162.60, while food-delivery service provider Meituan rose 1.2 per cent to HK$106.50.
Chipmaker Semiconductor Manufacturing International, rallied 4.3 per cent to HK$70.60 on rumours that China’s regulator instructed big companies to halt orders for Nvidia chips in favour of a home-grown alternative to power artificial intelligence applications.
Overnight in the US, the S&P 500 slipped 0.1 per cent and the Nasdaq Composite fell 0.5 per cent, while the Dow Jones gained 0.6 per cent, after the Federal Reserve cut rates by a quarter point, which was largely priced in, and signalled two more reductions by year-end.