Hong Kong Stocks Fall as Investors Turn Cautious

The Hang Seng Index slipped 1.0%, or 240 points, to 23,970 on Tuesday, as renewed geopolitical tensions and broad-based weakness across Asian markets weighed on sentiment. Weaker US futures further dampened market sentiment after Wall Street retreated overnight, following President Trump’s pledge to reinstate a blockade on Iranian shipping through the Strait of Hormuz. The renewed geopolitical tensions fueled risk aversion and lifted oil prices, prompting investors to shift toward safer assets. Meanwhile, traders remained cautious ahead of China’s June trade data, due later in the day, as they looked for fresh clues on the strength of the country’s economic recovery following stronger-than-expected export and import growth in May. Investors are also awaiting upcoming US economic data and central bank signals that could influence global market direction. Notable laggards were Tencent (-1.5%), Knowledge Atlas (-4.9%), Xiaomi (-0.5%), Meituan (-1.5%), and MiniMax (-3.1%).





