The market was eyeing the progress of the US-China trade talks and the Fed's interest rate decision. After midday, the HSI last printed at 25,355, down 169 points or nearly 0.7%, with a turnover of HKD161.483 billion.

New consumer stocks showed mixed performance. Stretching yesterday's upswing, LAOPU GOLD (06181.HK)  -18.500 (-2.611%)    Short selling $36.36M; Ratio 2.264%   once rose 5.1% to a peak of HKD787. It last traded at HKD784 after midday, up 4.67%, with a turnover of HKD1.25 billion. Meanwhile, POP MART (09992.HK)  -2.800 (-1.138%)    Short selling $147.55M; Ratio 6.132%   was last at HKD256.6, down 1.99%, with a turnover of HKD1.017 billion. MIXUE GROUP (02097.HK)  -7.000 (-1.489%)   last dropped 1.41% to HKD476.6, with a turnover of HKD66.8801 million.

Related NewsNomura Elevates LAOPU GOLD (06181.HK) TP to $1,148 w/ Rating Buy
The previously hyped "Yarlung Tsangpo river hydropower project" concept stocks softened. HARBIN ELECTRIC (01133.HK)  -0.310 (-4.144%)    Short selling $4.95M; Ratio 5.312%   , DONGFANG ELEC (01072.HK)  -0.480 (-2.589%)    Short selling $5.66M; Ratio 2.009%   , HUAXIN CEMENT (06655.HK)  +0.020 (+0.155%)    Short selling $2.57M; Ratio 1.518%   , and NE ELECTRIC (00042.HK)  -0.010 (-3.226%)   dipped 0.8-1.6%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)