The Hang Seng Index fell 270 points, or 1.0%, to 25,645 on Friday, extending its losing streak to a third consecutive session as risk appetite remained weak amid ongoing geopolitical uncertainty and mixed global cues. Sentiment was shaped by developments in the Middle East, where Donald Trump said Israel and Lebanon would extend their ceasefire by three weeks. While this provided some temporary relief, it did little to ease concerns over stalled US-Iran negotiations and the broader risk of escalation.
Oil prices rose for a fifth straight session, reinforcing worries about prolonged supply disruptions and mounting inflationary pressures. Fears that heightened tensions could disrupt shipments through key maritime routes, including the Strait of Hormuz, further weighed on market confidence. In Hong Kong, the market opened lower, tracking overnight declines on Wall Street.
Among major losers were Tencent Holdings (-1.3%), AIA Group (-0.1%), Geely Automobile (-1.8%), Akeso (-1.9%), and Kingboard Laminates (-3.6%).
