{Economic Information Daily, 30th} Overnight U.S. bonds continued to be sold off, with the 10-year Treasury yield hitting 5.296%, a 19-year high, and the 30-year Treasury yield reaching 5.618%, a 24-year high. However, New York Fed President Williams stated that the Fed still has time to observe data before deciding on rate hikes, causing rate hike expectations to slightly retreat. Hong Kong stocks remained weak, with the Hang Seng Index opening at 24,393, down 129 points or 0.5%. The Hang Seng China Enterprises Index stood at 8,135, down 42 points or 0.5%. The Hang Seng Tech Index was at 4,232, down 17 points or 0.4%. Northbound funds are now approaching the National Day holiday, with Hong Kong stocks also closed for one day. Later tonight, Hong Kong time, the U.S. will release PCE and Q2 GDP final figures, likely leading to shrinking trading volume in Hong Kong stocks.

　　China will implement mortgage interest subsidies for first-time homebuyers nationwide starting October 1. Property stocks, which rose yesterday, opened lower today and retreated. China Resources Land (01109) fell 1.97% to HK$29.86, China Overseas (00688) dropped 1.94% to HK$13.11, and Longfor (00960) declined 0.87% to HK$5.72.

　　Consumer-related sectors were also weak this morning. BYD (01211) fell 1.39% to HK$74.7, Li-Ning (02331) dropped 1.04% to HK$12.4, Mengniu Dairy (02319) declined 1.01% to HK$17.7, and Haier Smart Home (06690) softened 0.7% to HK$20.

　　Rising risks from U.S. bond yields continued, with HSBC (00005) falling 1.01% to HK$157.4, Bank of China Hong Kong (02388) down 0.29% to HK$51.85, while Standard Chartered (02888) rose 0.33% to HK$243.6.

　　Tech and internet stocks edged lower in narrow ranges. Alibaba (09988) opened 0.85% lower at HK$105.3, Meituan (03690) fell 0.64% to HK$70, Tencent (00700) declined 0.46% to HK$430, Kuaishou (01024) dropped 0.2% to HK$30.18, and Baidu (09888) was unchanged at HK$84.9. (ey)