Hong Kong equities fell 41 points or 0.2% to 24,244 around midday Tuesday, snapping a three-session winning streak. Traders reacted to China’s Q2 GDP data, which showed the economy grew 5.2% yoy, the slowest pace in three quarters, though slightly above forecast of 5.1%. Meanwhile, China’s statistics agency flagged ongoing external uncertainties and cautioned that domestic demand remains weak. Investors were also cautious ahead of the release of U.S. inflation data later in the day, which could provide clues on the path for monetary policy. On the tariff front, President Trump said that he would impose secondary tariffs of 100% on Russia if a peace deal with Ukraine isn’t reached within 50 days. Capping further declines were higher-than-expected new yuan loans in June, reflecting a seasonal surge in loan issuance and strong government bond sales. Property stocks were mainly lower, amid falls from Longfor Group (-3.6%), China Resources Land (-2.9%), and China Overseas Land (-1.9%).