Hong Kong Stocks Hit 11-Month Low

The Hang Seng Index fell 300 points, or 1.2%, to 24,105 on Thursday, extending losses for a seventh consecutive session and marking its lowest level since July 2025, as investors remained cautious amid escalating tensions in the Middle East. Sentiment stayed fragile after the US launched fresh strikes on multiple targets in Iran for a second consecutive day, with President Donald Trump accusing Tehran of delaying negotiations on an interim peace deal. Adding to market concerns, Iran announced a halt to vessel traffic through the Strait of Hormuz following the attacks, threatening a fragile ceasefire and raising fears of disruptions to global energy supplies. Most sectors traded lower, led by retail, consumer, and selected technology shares. Among the notable laggards were Lenovo (-0.6%), HKEX (-0.5%), and Xiaomi (-0.9%). However, gains in several heavyweight stocks helped limit broader losses, with Tencent rising 1.4%, AIA advancing 2.4%, and SMIC adding 0.6%.
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