China, Hong Kong stocks fall as initial Sino-US trade optimism wanes

China’s CSI 300 dipped 0.1%, Hang Seng fell 1.4%, led by tech losses.

Major losers: Alibaba (-3.2%), Xpeng (-6.7%), SMIC (-2%).

Trade talks lacked detail; tariffs and tech curbs still unresolved.

Markets shifting focus from trade hopes to China’s economic concerns.