The Hang Seng dropped 285 points or 1.1% to close at 25,058 on Thursday, falling for the third session amid broad-based losses. The index tracked declines in mainland shares after a report that China is mulling cooling measures for the stock market, including easing some short-selling curbs. The news prompted profit-taking after a 10% surge in Chinese stocks in August, fueled by record margin financing and heavy trading, which raised overheating concerns. The tech index slumped 1.9%, dragged by a plunge in shares of Cambricon, due to worries over fund outflows tied to an upcoming index rebalancing in mainland markets. Property, consumer, and financial shares also weakened on persistent global fiscal concerns. Losses were partly cushioned by expectations of a Fed rate cut later this month after weaker U.S. job openings data. Major decliners included Horizon Robotics (-6.9%), SMIC (-6.4%), Kuaishou Tech (-3.1%), Innovent Biologics (-6.9%), Hansoh Pharma (-4.4%), and Akeso Inc. (-4.2%).