Key Points:Hang Seng Index fell 0.31% as US Services PMI signaled a slowdown, raising fears of a recession and risk-off mood.Weak US labor market data reinforced bets on a Fed rate cut, dragging down EV and tech stocks.Beijing’s fresh stimulus measures, PBoC policy stance, and trade developments may determine whether Hang Seng breaks 25,000.Hang Seng Index Dips as US Recession Risks MountWill rising US recession risks compound concerns about the impact of tariffs on risk assets? The Hang Seng In