Hong Kong Shares Slip as Trump Rejects Iran Peace Offer

The Hang Seng Index fell 102 points, or 0.4%, to 26,290 on Monday, reversing earlier gains as investor sentiment weakened after US President Donald Trump rejected Iran’s latest peace proposal as “totally unacceptable,” casting doubt on efforts to secure a lasting ceasefire in the 10-week Middle East conflict. The remarks heightened concerns over prolonged disruptions to shipping through the Strait of Hormuz, pushing oil prices sharply higher and dampening risk appetite across the region. In Hong Kong, finance and technology services shares led losses. Notable laggards included Tencent Holdings (-0.9%), Pop Mart (-1.8%), Hong Kong Exchanges and Clearing (-0.8%), Kuaishou Technology (-3.6%), and Xiaomi Corporation (-1.3%). Investors also remained cautious ahead of the release of Hong Kong’s first-quarter GDP growth data later this week, which could offer fresh signals on the strength of the city’s economic recovery.
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