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HSI Downswing Deepens to ~400 pts after Midday, Bottoms at 24,900 Level
Recommend 6 Positive 2 Negative 8 |
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Hong Kong stocks extended losses in the afternoon session. The HSI last tumbled 365 pts, or 1.5%, to 24,928. It once hit an intraday trough of 24,901, down 392 pts. In a televised address delivered in the morning, Hong Kong time, US President Donald Trump stated that extremely severe strikes would be launched against Iran in the coming two to three weeks. Brent oil futures for June delivery advanced immediately and extended upswing to more than 6% in the afternoon. Among blue chips, SMIC (00981.HK) and XIAOMI-W (01810.HK) slipped 5.1% and 4.5%, respectively. LONGFOR GROUP (00960.HK) and BABA-W (09988.HK) each subtracted 4%. TECHTRONIC IND (00669.HK) and ZIJIN MINING (02899.HK) plummeted 3.8%. KUAISHOU-W (01024.HK), SHK PPT (00016.HK) and HANG LUNG PPT (00101.HK) slid 3.1-3.3%. Auto-translated by AI AASTOCKS Financial News |
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