22.06.202602:06:33UTC+00Hong Kong Stocks Slide to One-Year Low

The Hang Seng Index tumbled 460 points, or 1.9%, to 23,468 on Monday, extending its decline for a fourth straight session and hitting its lowest level since June 2025. Renewed tensions in the Middle East undermined risk appetite, as investor sentiment worsened after U.S. President Donald Trump threatened new strikes on Iran, casting doubt on peace efforts and raising fears of possible disruptions to shipping through the Strait of Hormuz.

The heightened geopolitical uncertainty drove oil prices sharply higher, rekindling inflation concerns and exerting pressure on global equity markets. Investors also remained cautious on expectations that U.S. interest rates will stay elevated for longer, following the Federal Reserve’s hawkish tone, which particularly weighed on technology and growth stocks.

Losses were broad-based, led by financials, producer manufacturing, and consumer-related shares. Among the notable underperformers were Tencent (-1.4%), Xiaomi (-3.5%), Meituan (-2.0%), Lenovo (-0.8%), and AIA (-1.4%).