Hong Kong Stocks Tumble to Near 11-Week Low

2026-03-04 03:04 By Farida Husna 1 min. read

Hong Kong equities plunged 662 points, or 2.6%, to 25,098 in Wednesday morning trade, marking a third straight decline and nearing an 11-week low.

A sharp drop in U.S.

stock futures burdened sentiment, as fears mounted that a wider Middle East crisis could trigger an energy shock, stoke inflation, and delay rate cuts.

In China, shares fell to a two-week low after February’s official PMI signaled weakness in manufacturing and services during an extended Lunar New Year break, diverging from private survey data.

Still, losses were partly offset by fresh figures showing Hong Kong’s private sector grew at its fastest pace in nearly three years in February, despite intense competition.

Hopes also rose that Beijing’s parliamentary meeting this week could unveil fresh support measures.

All local sectors posted steep declines, led by financials (-2.7%) and tech (-1.5%).

Major laggards included AIA Group (-4.6%), Wuxi Biologics (-4.3%), CK Hutchison (-3.6%), and Techtronic Industries (-2.8%).



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