Hang Seng Falls for Fifth Straight Session

The Hang Seng Index slipped 64 points, or 0.3%, to 24,600 on Tuesday, extending losses for a fifth straight session and hovering near its lowest level since late March. Sentiment remained fragile despite reports that tensions in the Middle East eased following a halt in hostilities between Israel and Iran and as optimism surrounding AI-related stocks improved. Finance, retail trade and energy minerals posted losses while selected technology stocks gained. Notable decliners included AIA (-1.6%), Lenovo (-0.3%), Knowledge Atlas Technology (-7.8%), and Xiaomi (-1.2%). In contrast, Tencent advanced 3.4% and Semiconductor Manufacturing International Corporation gained 0.9%, helping the benchmark recover from earlier losses. Investors also remained cautious amid persistent concerns over the pace of China’s economic recovery and ahead of the country’s trade balance data due later.

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