Stocks in Hong Kong Hit 50-week Low

The Hang Seng Index plunged 460 points, or 1.9%, to 23,468 on Monday, extending its losing streak to a fourth consecutive session and marking its lowest since June 2025, as renewed tensions in the Middle East dampened risk appetite. Investor sentiment deteriorated after US President Donald Trump threatened fresh strikes on Iran, casting doubt on peace negotiations and raising concerns over a potential disruption to shipping through the Strait of Hormuz. The geopolitical uncertainty pushed oil prices sharply higher, reigniting inflation concerns and weighing on global equities. Investors were also cautious amid expectations that US interest rates will remain elevated for longer following the Federal Reserve's hawkish stance, pressuring technology and growth stocks. Losses were broad-based, led by finance, producer manufacturing and consumer shares. Notable laggards included Tencent (-1.4%), Xiaomi (-3.5%), Meituan (-2.0%), Lenovo (-0.8%), and AIA (-1.4%).

HK50 decreased to 23464.00 Index Points, the lowest since June 2025. Over the past 4 weeks, Hong Kong Stock Market Index (HK50) lost 8.23%, and in the last 12 months, it decreased 0.83%.

HK50 decreased to 23749.00 Index Points, the lowest since July 2025. Over the past 4 weeks, Hong Kong Stock Market Index (HK50) lost 7.09%, and in the last 12 months, it increased 0.4%.