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The Hang Seng Index fell 0.2 per cent to 24,849.49 as of 10.05am local time. The Hang Seng Tech Index dropped 0.5 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index were both little changed.
BYD Electronic International rallied 8.1 per cent to HK$38.26 and coal producer China Shenhua Energy added 2.4 per cent to HK$36.34. Electric-vehicle maker Li Auto sank 3.6 per cent to HK$99.30 and ZTO Express lost 2 per cent to HK$155.50.
China is due to release July data on foreign trade on Thursday and statistics on consumer and producer inflation over the weekend. The figures on credit and loan supply may also come out this week.
The earnings season is also in full swing, with Wharf Real Estate Investment, Semiconductor Manufacturing International and China Mobile due to disclose first-half reports this week.
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On the trade front, US President Donald Trump said that the country was very close to striking a tariff deal with China one week after a third round of negotiations concluded in Sweden.