Hong Kong stocks fell 26 points or 0.1% to 24,711 on Tuesday morning, reversing gains from the prior session. Traders remained cautious after the city’s weather bureau extended its highest "black" rainstorm warning until 11 a.m., as torrential rain disrupted schools, hospitals, courts, and registry offices. The Hong Kong Stock Exchange remained open under a revised policy allowing trading to continue regardless of weather. Investors also cautiously awaited China’s July trade data and upcoming inflation figures, amid concerns over rising trade barriers and weak domestic demand. Consumer stocks dropped amid modest gains in property, financials, and tech. On Wall Street overnight, all three major indexes notched their biggest daily gains since May 27, lifted by bargain hunting after Friday’s selloff and rising bets on a September rate cut following softer-than-expected U.S. jobs data. Notable decliners included KE Hlds. (-4.4%), Laopu (-3.1%), Chow Tai Fook (-2.7%), and Meituan (-1.1%).