Hang Seng Falls to Two-Month Low on Iran War Fallout

2026-03-03 08:18 By Farida Husna 1 min. read

The Hang Seng lost 292 points, or 1.1%, to close at a two-month low of 25,768 on Tuesday, extending losses from the prior session amid broad sector declines.

Sentiment weakened as U.S.

stock futures tumbled, with investors assessing the repercussions of U.S.–Israel action against Iran, which has expanded beyond strikes on Iranian territory as Tehran launched missiles and drones at U.S.

targets across the Middle East.

Mainland markets also came under pressure ahead of February PMI releases, reversing recent strength that lifted the benchmark to a decade-high.

Still, losses were partly cushioned by reports that U.S.

and Chinese officials will meet in Paris next week to discuss business agreements ahead of an April summit between Presidents Trump and Xi Jinping.

Among underperformers were Zijin Gold Intl.

(-8.7%), Pop Mart (-5.9%), Xiaomi (-4.4%), and SMIC (-4.3%).

In contrast, energy stocks jumped, including ENN Energy (4.0%), Hong Kong & China Gas (1.6%), and Kunlun Energy (1.2%).



News Stream
Hang Seng Falls for Fifth Straight Session
The Hang Seng Index slipped 91 points, or 0.4%, to close at 24,566 on Tuesday, extending losses for a fifth straight session and hovering near its lowest level since late March. Sentiment remained fragile despite reports that tensions in the Middle East eased following a halt in hostilities between Israel and Iran and as optimism surrounding AI-related stocks improved. Finance, retail trade and energy minerals posted losses while selected technology stocks gained. Notable decliners included AIA (-2.2%), Pop Mart (-1.4%), Knowledge Atlas Technology (-12.8%), and Xiaomi (-0.7%). In contrast, Tencent advanced 1.8% and Semiconductor Manufacturing International Corporation gained 3.2%, helping the benchmark recover from earlier losses. Investors remained cautious over the broader pace of China's economic recovery despite stronger-than-expected Chinese trade data, with both exports and imports exceeding forecasts on solid demand for technology hardware amid rising global AI investment.
2026-06-09
Hong Kong Stocks Sink to 11-Week Low
The Hang Seng Index tumbled 305 points, or 1.2%, to close at 24,585 on Monday, extending last week's losses and the lowest level since late March. The selloff mirrored a sharp global retreat in technology and AI-related stocks after stronger-than-expected U.S. jobs data reinforced expectations that the Federal Reserve may keep interest rates higher for longer. Broader risk sentiment was also weighed down by renewed geopolitical tensions after reports of Iranian missile launches toward Israel threatened a fragile ceasefire and pushed oil prices higher. Technology and semiconductor-related shares led the decline, tracking a wider global AI-driven market correction. Investors nevertheless viewed the pullback as largely driven by profit-taking rather than deteriorating fundamentals, with some market participants seeing the weakness as a potential buying opportunity. Among the biggest drags were Tencent (-1.5%), SMIC (-4.1%), AIA Group (-1.8%), Lenovo (-1.3%), and Meituan (-3.5%).
2026-06-08
Stocks in Hong Kong Hit 9-week Low
HK50 decreased to 24658.00 Index Points, the lowest since March 2026. Over the past 4 weeks, Hong Kong Stock Market Index (HK50) lost 4.78%, and in the last 12 months, it increased 4.92%.
2026-06-05