The Hang Seng Index fell 0.4%, or 92 points, to 24,545 on Tuesday as investors remained cautious amid higher oil prices, elevated global bond yields and continued weakness in Chinese technology stocks. Brent crude rose 0.6% to around US$106 a barrel amid ongoing Middle East supply concerns, increasing inflation and interest-rate worries. Overnight losses on Wall Street added pressure, with the 10-year yield rising above 5.2% and the 30-year yield reaching around 5.55%. Mainland Chinese technology shares remained weak after the US moved toward restricting Chinese-made components used in AI data centers, while broader Chinese equities were hurt by fading optimism following the Trump-Xi meeting. Positioning ahead of China’s National Day holiday also limited risk appetite. Tencent, AIA, Lenovo, Xiaomi and Kingboard Laminates were among the notable laggards.