Investors need more conviction from the talks to sustain the Hang Seng Index’s nearly 30 per cent gain this year

The Hang Seng Index fell 0.6 per cent to 25,509.55 as of 10.12am local time, halting a five-day gain. The Hang Seng Tech Index dropped 1.1 per cent. On the mainland, the CSI 300 Index slid 0.4 per cent, and the Shanghai Composite Index retreated 0.2 per cent.

Li Auto slid 3.1 per cent to HK$115.10, and peer BYD lost 1.9 per cent to HK$129.40. Alibaba Group Holding shed 1.5 per cent to HK$118.50, while Tencent Holdings sank 0.6 per cent to HK$553.60.

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