S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The Hang Seng Index tumbled 1.8%, or 472 points, to 25,444 on Thursday, reversing the previous session’s gains as technology and financial stocks declined amid profit-taking following a strong AI-driven rally. Sentiment weakened across Asian markets after the recent artificial intelligence-driven rally showed signs of cooling, while lingering uncertainty over efforts to reopen the Strait of Hormuz kept investors cautious. The decline was led by losses in technology and financial stocks. AI-related shares came under pressure as investors rotated out of large-cap technology stocks, while financial stocks also weighed following reports that mainland Chinese authorities had begun enforcing a 20% tax on investment gains from offshore insurance policies, raising concerns over future sales of Hong Kong-issued insurance products to mainland customers. Notable laggards included AIA (-7.7%), Tencent (-1.3%), Pop Mart International (-2.9%), SMIC (-3.2%), and Kingboard Laminates (-1.6%).
