Hang Seng Drops to Lowest Level Since July
Kong's Hang Seng Index weakened again on Wednesday (March 10) (June 10, 2026), dropping 208 points, or 0.9%, to 24,350. This marked a sixth consecutive day of declines and brought the index to its lowest level since July 2025. Investor sentiment remained fragile amid rising geopolitical tensions in the Middle East.
Market pressure arose after reports that US forces launched a new strike on Iran following the downing of a US helicopter. Concerns about regional instability have again increased, while the previously fragile ceasefire faces the risk of being disrupted. Surging oil prices have also added to pressure on financial markets.
Furthermore, investors are closely monitoring China's latest inflation data, which showed annual consumer price growth held steady at 1.2% in May, the same as the previous month. This data reinforces expectations that Chinese policymakers will likely continue to take steps to support the economic recovery. Technology stocks were the biggest drags, with Lenovo down 5.2%, Xiaomi down 1.8%, HKEX down 0.7%, SMIC down 0.9%, and Knowledge Atlas Technology down 3.4%. The decline in these stocks underscored market uncertainty and heightened investor caution regarding riskier assets. (asd)
Source: Newsmaker.id
