Hong Kong stocks increased 44 points or 0.2% to 23,937 on Thursday morning deals, swinging from a sharp decline in the prior session amid gains mainly from financials and property. A positive lead from Wall Street overnight, where tech stocks rallied, lifted sentiment. Meanwhile, U.S. President Trump renewed pressure on the Fed, urging a rate cut of at least 3ppts to ease national debt refinancing costs. Separately, minutes from the June FOMC meeting showed most officials saw a rate cut as likely later this year, though decisions would depend on economic data and risks. In China, consumer prices edged up slightly but failed to ease deflation worries, while producer prices posted their sharpest decline in two years amid weak demand and tariff-related pressures. However, further gains were limited by caution ahead of China’s June trade data, set to be released over the weekend. Among early gainers were KE Holdings (4.4%), China Overseas Land (3.1%), ZTO Express (2.8%), and SMIC (1.6%).