周二上午，香港股市下跌487点，跌幅2.0%，至23417点，扭转了前一交易日的涨幅，原因是担心美国经济衰退风险和中国通缩威胁。与此同时，标普全球警告称，在经济增长放缓的情况下，北京的刺激措施可能无法完全抵消美国新关税的影响。另外，美国期货价格下跌，此前美联储Bostic预计今年仅降息一次，理由是关税问题导致通胀上升。为了遏制进一步的损失，中国政府今年承诺采取更积极的宏观政策。与此同时，特朗普总统表示，一些国家可能免除计划中的互惠关税。所有行业均下跌，科技、消费者和金融板块跌幅最大。美团股价下跌3.4%，此前盈利略有下滑。小米股价下跌5.4%，此前该公司在一次大规模股票发行中筹集了55亿美元，花旗银行对短期稀释持谨慎态度。电动汽车股也出现下滑，包括比亚迪电子（-9.0%）、吉利汽车（-4.2%）和李汽车（-3.8%）。
Shares in Hong Kong slumped 487 points or 2.0% to 23,417 on Tuesday morning, reversing gains from the prior session amid concerns over U.S. recession risks and China’s deflation threat. Meantime, S&P Global warned that Beijing’s stimulus efforts may not fully offset the impact of new U.S. tariffs amid slowing growth. Separately, U.S. futures drifted lower after Fed Bostic projected only one rate cut this year, citing rising inflation due to tariff concerns. Capping further losses, the Chinese government pledged more proactive macro policies this year. Meanwhile, President Trump signaled potential exemptions from planned reciprocal tariffs for some nations. All sectors dipped, with tech, consumers, and financials declining the most. Meituan fell 3.4% after a slight earnings miss. Xiaomi tumbled 5.4% after raising $5.5B in an upsized share sale, with Citi cautioning about short-term dilution. EV stocks also slid, including BYD Electronic (-9.0%), Geely Auto (-4.2%), and Li Auto (-3.8%).
