Stocks in Hong Kong Hit 5-week Low

The Hang Seng Index edged higher 123 points, or 0.5%, to close at 25,798 on Tuesday, rebounding from the previous session as lower oil prices and easing fears of supply disruptions in the Middle East supported risk appetite. Sentiment improved after President Donald Trump said he had called off a planned strike on Iran, although he warned that military forces remain on standby if no agreement is reached. In Hong Kong, tech stocks advanced broadly, with the technology services sector leading gains, rising 10.5%, while financial shares also advanced. Among notable gainers were Tencent Holdings (2.1%), Meituan Class (0.7%), AIA Group (0.8%), Xiaomi Corporation (0.7%), and PICC Property and Casualty Corporation (0.5%). In contrast, Semiconductor Manufacturing International Corporation and Li Auto declined 2.8% and 3.5%, respectively.

HK50 decreased to 25601.00 Index Points, the lowest since April 2026. Over the past 4 weeks, Hong Kong Stock Market Index (HK50) lost 2.78%, and in the last 12 months, it increased 9.84%.

The Hang Seng Index fell 288 points, or 1.1%, to close at 25,675 on Monday, as investor sentiment deteriorated amid mounting concerns over slowing growth in China and escalating tensions in the Middle East. Markets came under pressure after data showed China’s economic momentum weakened in April, with industrial output and retail sales both missing expectations as higher energy costs. Moreover, a drone attack sparked a fire at a nuclear facility in the United Arab Emirates, while Saudi Arabia reported intercepting three drones. Meanwhile, US President Donald Trump called on Iran to act quickly in reaching an agreement with Washington. Investors also grew cautious over the prospect of further monetary tightening by major central banks to contain inflation pressures fueled by rising energy prices. Finance and technology-related shares led the decline. Among notable laggards were Tencent Holdings (-2.1%), SMIC (-3.9%), Li Auto (-13.9%), Xiaomi (-0.7%), and Meituan Class (-1.0%).