empty
 
 

08.06.202602:05:51UTC+00Hong Kong Stocks Sink to 11-Week Low

The Hang Seng Index fell 437 points, or 1.5%, to 24,585 on Monday, extending last week’s selloff and marking its lowest close since March. The downturn was led by a broad pullback in technology and growth stocks, following a sharp global slump in AI-related shares as investors reassessed earnings prospects and the interest rate outlook in light of stronger-than-expected US economic data.

A robust US jobs report reinforced expectations that the Federal Reserve may keep borrowing costs elevated for longer, weighing on risk appetite across the region. Market sentiment was further hit by reports that Iran had fired missiles toward Israel, testing a fragile ceasefire and pushing oil prices higher.

In Hong Kong, technology, financial and retail trade stocks led the decline. Major laggards included Tencent (-1.2%), AIA (-1.0%), Kingboard Laminates (-5.3%), Lenovo (-5.1%) and Kuaishou Technology (-3.5%).

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback