Hong Kong shares dipped 104 points, or 0.4%, to 25,922 in early trade on Wednesday, reversing gains from the prior session amid broad-based losses. Sentiment was dampened as mainland markets eased after Tuesday’s rally. Tech stocks led the retreat following a modest pullback in Wall Street’s Nasdaq ahead of key U.S. inflation data later this week and the FOMC meeting next week. Consumer and financial sectors also fell as a planned summit between U.S. President Donald Trump and Russian leader Putin was postponed, while uncertainty lingered over a potential meeting with China's Xi Jinping. Losses were cushioned by hopes that the U.S. government shutdown could end this week and Trump’s remarks that high tariffs on China are “not sustainable.” Gold shares, including Laopu Old (-6.0%), Zhojin Mining Industry (-5.2%), and Zijin Gold (-3.1%) slipped amid weaker bullion prices, while other decliners included CSPC Pharma (-3.4%), Smoore Intl. (-2.8%), and China Longyuan Power (-1.2%).