HONG KONG — Shares of JD.com Inc. fell nearly 3% Tuesday in Hong Kong trading, tracking a broader pullback across the city's technology sector as foreign investors continued trimming exposure to Chinese equities ahead of the e-commerce giant's upcoming quarterly earnings report.

JD.com's Hong Kong-listed shares closed at HK$126.50, down HK$3.90, or 2.99%, as of the close at 4:08 p.m. local time. The decline came as the broader Hang Seng Index gave up roughly 1% during the session, more than double the pace of losses on mainland Chinese exchanges, a divergence analysts said reflected international investors pulling back from Hong Kong-listed stocks faster than domestic mainland buyers.

Tuesday's session extended a difficult stretch for Hong Kong's technology sector, which has faced renewed selling pressure in recent sessions after a brief rebound tied to softer-than-expected U.S. jobs data earlier in the month. The Hang Seng Index had climbed 1.1% on Monday to close at 25,937, tracking broader gains across Asian markets after the weak U.S. employment figures reduced expectations for an imminent Federal Reserve interest rate increase. That optimism proved short-lived, however, as Tuesday's session saw the index open modestly higher before turning negative and grinding steadily lower through the afternoon.

Beijing's promised fiscal stimulus measures for 2026 have so far remained largely theoretical rather than reaching the real economy, according to market........

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