Hong Kong Shares Rally After US-Iran Accord
2026-06-15 02:09
By
Nicole Aliyah
1 min. read
The Hang Seng Index climbed 220 points, or 0.9%, to 24,935 on Monday, kicking off the week on a positive note and extending gains from the previous session as investor sentiment improved after the US and Iran reached an interim agreement to reopen the Strait of Hormuz, with a formal signing ceremony expected later this week, easing concerns over disruptions to global energy supplies and reducing geopolitical risks.
The deal triggered a sharp decline in oil prices, helping alleviate inflation worries and boosting appetite for risk assets across global markets.
Investors also returned to large-cap technology and growth stocks as improving risk sentiment encouraged bargain hunting following recent market weakness.
Gains were broad-based, led by finance, technology, and retail trade shares.
Notable gainers included included AIA (1.8%), Tencent Holdings (1.0%), Kingboard Laminates (7.2%), Lenovo (5.6%), and Semiconductor Manufacturing International Corporation (2.6%).