The Hang Seng Index fell 0.3%, or 81 points, to 24,752 on Thursday, extending its decline for a second session. Sentiment was weakened by a global bond sell-off, a firmer US dollar and rebounding oil prices. The US 10-year Treasury yield reached its highest level since 2007, while the dollar climbed to a near two-month high. Hong Kong technology and growth stocks remain sensitive to higher global borrowing costs. Investors also watched the Trump-Xi summit in Washington, after US Treasury Secretary Scott Bessent said the United States and China agreed to extend their trade truce by two months to January 10. Oil prices rebounded amid uncertainty over progress in US-Iran talks, adding to inflation concerns.