香港股市周五上午下跌262点，跌幅1.0%，至25410点，为六个交易日来首次下跌，因本周早些时候市场触及近4年高点后，交易员获利回吐。在下周于斯德哥尔摩与美国举行的第三轮贸易谈判之前，人们也越来越谨慎，该谈判旨在延长将于8月12日到期的关税休战。与此同时，华尔街隔夜涨跌互现，美国劳工数据强劲后美国国债收益率上升，强化了对美联储长期保持利率的押注。大多数行业下跌，科技、消费者和金融板块领跌。早期落后者包括快手科技（-4.1%）、股份有限公司（-3.2%）和小米公司（-1.9%）。尽管如此，恒生指数仍有望连续第三周上涨，迄今为止上涨约2.4%，这得益于对西藏一个大型水电项目的乐观情绪，以及北京对关键行业的新政策支持。投资者也在等待中国即将召开的政治局会议，该会议可能为2025年下半年的经济政策定下基调。

Hong Kong stocks slipped 262 points or 1.0% to 25,410 on Friday morning, down for the first time in six sessions as traders took profits after markets hit a near 4-year top earlier in the week. Caution also mounted ahead of next week’s third round of trade talks with the U.S. in Stockholm, aimed at extending a tariff truce set to expire on August 12. Meanwhile, Wall Street ended mixed overnight, amid a rise in U.S. Treasury yields following strong U.S labor data, reinforcing bets for a prolonged Fed rate hold. Most sectors dipped, led by tech, consumers, and financials. Early laggards included Kuaishou Tech (-4.1%), Akeso Inc. (-3.2%), and Xiaomi Corp. (-1.9%). Still, the Hang Seng remains on track for a third straight weekly gain, up roughly 2.4% so far, lifted by optimism over a major hydropower project in Tibet, and fresh policy backing from Beijing for key sectors. Investors also awaited China’s upcoming Politburo meeting, which could set the tone for economic policy in H2 of 2025.