The Hang Seng fell 99 points, or 0.4%, to close at 25,831 on Wednesday, extending losses for a fourth session and holding at a two-week low. Sentiment remained weak after Wall Street’s extended drop Tuesday ahead of Nvidia’s earnings, the latest FOMC minutes, and key U.S. jobs data. Concerns also grew that President Trump’s falling approval rating could spur more fiscal spending and add to inflation risks. Diplomatic tensions between China and Japan persisted, further weighing on risk appetite. Meantime, the HKMA was said to be tightening oversight of banks’ handling of distressed loans amid ongoing property weakness in the city. Losses were broad-based, led by tech and property. Xiaomi tumbled 4.7% after warning of further smartphone price hikes next year due to soaring memory-chip costs. Other decliners included Pop Mart Intl. (-2.4%) and SMIC (-1.2%). Markets now await Hong Kong’s October inflation data due Thursday, while China’s central bank will review its monthly lending rates.