Hong Kong Stocks Fall as Middle East Tensions Weigh

The Hang Seng Index slipped 1.3%, or 324 points, to 24,877 on Friday, giving back part of the previous session’s gains as surging oil prices and renewed geopolitical tensions dampened investor sentiment. Brent crude climbed above $100 a barrel for the first time in two months after intensified Houthi attacks on vessels in the Red Sea heightened supply concerns, while President Donald Trump’s threat to expand strikes on Iran added to market uncertainty. The risk-off mood was reinforced by a technology-led selloff on Wall Street and higher US Treasury yields, fueling expectations that the Federal Reserve could keep interest rates elevated for longer. Limiting the decline, China’s central bank injected the most liquidity into the financial system in five months through its medium-term lending facility, boosting hopes of further policy support for economic growth. Notable laggards included Tencent (-2.2%), AIA (-1.5%), Xiaomi (-0.7%), Meituan (-2.0%), and Kingboard Laminates (-2.7%).





