"Hong Kong Stocks Fluctuate Amid Global Economic Uncertainty"

Chinese stocks were lower following the US inflation report, with Hong Kong stocks edging lower and Shanghai Composite Index dropping. China's state-owned banks may raise up to 80 billion yuan to assist property developer China Vanke, which has been downgraded to "junk" status by Moody's. China's gold reserves continued to increase, driving up the price of gold, while companies like Chow Tai Fook Jewellery Group and Zijin Mining Group saw stock increases. Additionally, Xiaomi announced plans to deliver its first electric vehicle, and Cathay Pacific Airways reported a significant increase in operating profit.