The Hang Seng Index fell 270 points, or 1.1%, to 25,364 on Thursday, extending the previous session’s losses as renewed US-Iran clashes weakened risk appetite across global markets. Hong Kong equities followed overnight declines on Wall Street, where investors turned more cautious amid worries that rising tensions in the Middle East could undermine a fragile ceasefire and amplify risks to global growth.
Technology stocks led the downturn, with Lenovo sliding 3.6% in tandem with weakness in US tech shares, while financial and retail counters also came under pressure. Other notable losers included Tencent (-0.5%), Semiconductor Manufacturing International (-1.8%), AIA (-1.0%), Xiaomi (-1.1%), and Meituan (-1.9%). By contrast, Pop Mart International and Kuaishou Technology were among the few gainers, rising 1.8% and 0.7%, respectively.
