Hong Kong's major stock indices opened the Tuesday session in negative territory, following a soft close on Wall Street last Friday.

The U.S. Federal Reserve Chair, Waller, stated that inflation has not shown any notable deceleration, reaffirming a firm commitment to bringing inflation back to the 2% target. This commentary fueled market expectations of a potential rate hike, causing all three major U.S. averages to close with losses. The U.S. dollar showed strength, the yield on the 10-year Treasury note climbed to 4.72%, gold prices pulled back significantly, while oil prices remained largely unchanged.

In early trading, Hong Kong's three key indices all opened lower. The Hang Seng Index fell 0.64% to 25,420.63 points, the Hang Seng Tech Index dropped 0.42%, and the Hang Seng China Enterprises Index declined 0.55%.

Across sectors, internet and tech stocks were mixed: Lenovo fell over 2%, while Meituan gained more than 2%. Storage concept stocks opened weak, with the CSOP Two Times Long Samsung Electronics product sliding over 5%. The optical communications sector was sluggish, with Zhongji Innolight down over 2%. Gold-related stocks broadly declined, with Zijin Gold International dropping more than 8%.