The Hang Seng tumbled 454 points, or 1.7%, on Tuesday, its steepest one-day drop since mid-October, to finish at a two-week low of 25,930. The index fell for a third session, burdened by broad falls across sectors. Sentiment deteriorated due to a plunge in global markets, with traders nervously awaiting Nvidia’s earnings reports amid valuation concerns and delayed U.S. data releases, including September’s jobs report. Tech stocks slid near 2% as the recent rally showed signs of fatigue. Property, financials, and consumer names also posted sharp losses, due to caution ahead of China’s monthly loan-prime-rate fixing. Geopolitical risks further dampened the mood after China warned against travel to Japan and opted not to hold a leaders’ meeting during the upcoming G20 meeting. XPeng plunged 10.9% after a slight miss on vehicle margins and soft Q4 guidance, China Hongqiao sank 6.4% on a discounted share sale, and Zhejiang Leapmotor fell 4.7% despite nearly doubling its Q3 revenue.