香港股市周三早盘下跌72点，跌幅0.3%，至21934点，扭转了前一交易日的小幅涨幅，因投资者对中国4月PMI数据做出反应。官方数据显示，由于对美国关税上升的影响日益担忧，工厂活动出现了16个月来最大的收缩。相比之下，一项私人调查显示，制造业出现了意外增长，尽管增速为1月以来的最低水平。与此同时，服务业的增长也有所放缓，读数低于预期。美国期货下跌进一步抑制了市场情绪，因为交易员在今天晚些时候美国主要经济数据公布之前变得谨慎，包括3月份个人消费支出价格指数（美联储首选的通胀指标）和第一季度国内生产总值的首个估计值。尽管科技、房地产和消费类股上涨，但金融股领跌。早盘跌幅较大的包括中通快递（-2.7%）、波普国际（-2.0%）、美团（-1.9%）和海底捞国际（-1.5%）。
Hong Kong shares slipped 72 points, or 0.3%, to 21,934 in early trade on Wednesday, reversing modest gains from the previous session as investors reacted to China’s April PMI data. Official figures showed factory activity contracted the most in 16 months, amid growing concerns over the impact of rising U.S. tariffs. In contrast, a private survey indicated an unexpected rise in manufacturing, though at the slowest pace since January. Meanwhile, growth in the services sector also softened, with the reading falling short of expectations. Sentiment was further dampened by a drop in U.S. futures, as traders turned cautious ahead of key U.S. economic releases later today, including the March PCE price index— the Fed’s preferred inflation gauge— and the first estimate of Q1 GDP. Financials led the losses despite gains in tech, property, and consumer stocks. Notable early decliners included ZTO Express (-2.7%), Pop Mart Intl (-2.0%), Meituan (-1.9%), and Haidilao Intl. (-1.5%).
