Market Performance - The Shanghai Composite Index fell by 0.45% to 3858.13 points, while the Shenzhen Component dropped by 2.14% and the ChiNext Index decreased by 2.85%[1] - The Hong Kong Hang Seng Index declined by 0.47% to 25496.55 points, with the Hang Seng Tech Index down by 1.22% and the Hang Seng China Enterprises Index down by 0.15%[1] - The total market turnover in Hong Kong was 328.1186 billion HKD[1] Economic Indicators - The US manufacturing sector has contracted for the sixth consecutive month, with the ISM Manufacturing Index at 48.7 in August, slightly above July's 48[9] - The factory output index fell by 3.6 points to 47.8, marking its first return to contraction territory in three months[13] - New orders increased by 4.3 points to 51.4, the largest rise since early last year, indicating some optimism in the manufacturing outlook[13] Geopolitical Events - China is set to hold a military parade on September 3 to commemorate the 80th anniversary of the end of World War II, showcasing its growing military capabilities[9] - US President Trump plans to appeal to the Supreme Court regarding tariffs deemed illegal by a lower court, emphasizing the importance of his trade policies[9] Sector Performance - The semiconductor sector led the declines in both A-shares and Hong Kong stocks, reflecting ongoing challenges in the industry[1] - Despite the overall market downturn, the banking sector showed resilience, and precious metals remained active[1]