Does the Hong Kong MTR Tourist One Day Pass also cover buses and trams?

I am sorry that the Tourist Day Pass excludes bus or tram rides. It can be used to ride on MTR and Light Rail (except Airport Express, MTR Bus, East Rail Line First Class, Lo Wu and Lok Ma Chau stations) within one day.

If you want to ride buses or trams, you are advised to buy Standard Octopus Cards. You need to pay HKD 50 as the deposit, and add HKD 100 as the stored value. :)