Hong Kong shares fell 234 points, or nearly 1.0%, to 25,100 in Thursday morning’s session, marking the third straight decline amid broad-based sector losses. Sentiment remained cautious as traders weighed fiscal strains in major economies. The Hang Seng also tracked mainland equities, which extended losses for the third session following a Bloomberg News report that regulators are preparing cooling measures for Chinese markets. Still, downside pressure was partly offset by private survey data showing Hong Kong’s private sector expanded in August for the first time since January, supported by stabilizing domestic demand. Among notable movers, BYD Co. dropped 2.3% after cutting its annual sales target by up to 16% to 4.6 million vehicles, while Horizon Robotics (-6.0%), China Hongqiao Group (-5.5%), SMIC (-4.1%), and Pop Mart Intl. (-1.8%) also posted steep losses.