FX.co ★ Hong Kong Stocks Hit 11-Month Low

The Hang Seng Index dropped 300 points, or 1.2%, to 24,105 on Thursday, extending its losing streak to a seventh consecutive session and hitting its lowest level since July 2025. Investor sentiment remained cautious amid escalating tensions in the Middle East. Risk aversion deepened after the US launched a second day of strikes on multiple targets in Iran, with President Donald Trump accusing Tehran of stalling talks on an interim peace agreement. Market nerves were further rattled when Iran announced it would halt vessel traffic through the Strait of Hormuz following the attacks, jeopardizing a fragile ceasefire and heightening fears of disruptions to global energy supplies. Most sectors traded lower, led by retail, consumer, and selected technology names. Notable decliners included Lenovo (-0.6%), HKEX (-0.5%), and Xiaomi (-0.9%). Still, gains in several blue chips helped cap broader losses, with Tencent up 1.4%, AIA climbing 2.4%, and SMIC gaining 0.6%.