Hong Kong Stocks Edge Lower on Cautious Sentiment

2026-04-23 02:04 By Nicole Aliyah 1 min. read

The Hang Seng Index fell 248 points, or 1%, to close at 25,915 on Thursday, reversing gains from the previous session as investors locked in profits and adopted a more cautious stance ahead of key macroeconomic data.

Sentiment was shaped by a mixed global backdrop.

While US equities were supported by strong corporate earnings and improved risk appetite, regional markets remained more restrained as investors weighed geopolitical uncertainty linked to the US-Iran standoff and its potential impact on energy flows through the Strait of Hormuz.

Elevated oil prices continued to fuel inflation concerns, keeping risk sentiment in check across Asian markets.

Locally, attention is focused on Hong Kong’s March inflation data, which could offer fresh signals on price pressures and influence expectations for monetary conditions.

Among notable laggards were Tencent Holdings (-1.8%), Xiaomi Corporation (-1.9%), SMIC (-1.4%), Akeso (-12.7%), and Pop Mart (-2.9%).



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