Hong Kong Shares Set to Rebound After Drop to 20,489

Hong Kong equities fell on July 10, with the Hang Seng Index dropping 270 points to 20,489.62 and ending a brief winning streak amid weakness in property and tech. The slide follows a sharp rebound to 24,199 on July 9 after three days of gains exceeding 800 points earlier in the week. Markets had climbed steadily from 23,350 on July 6 amid easing geopolitical tensions and supportive global cues, but renewed U.S. weakness and sector rotation triggered profit-taking. Improving overnight sentiment from Europe and select U.S. earnings now points to a potential rebound on Friday.