Media365
Hong Kong stocks fell again on Tuesday after a day of panic selling gripped global markets, as the US-Iran war kept investors on edge and surging oil prices fuelled inflation concerns.
The Hang Seng Index eased 0.2 per cent to 26,008.39 as of 9.53am local time, after losing 2.1 per cent on Monday. The Hang Seng Tech Index fell 0.4 per cent.
On the mainland, both the CSI 300 Index and the Shanghai Composite Index declined 0.4 per cent.
ENN Energy Holdings, one of China’s largest natural gas distributors, led the gains, rising 1.9 per cent to HK$69.65. Orient Overseas (International), the parent of one of the world’s largest container-shipping companies, added 1.4 per cent to HK$155.60. Chinese tech giant NetEase rallied 1.7 per cent to HK$180.30.
Limiting the gains, solar-panel maker Xinyi Solar fell 4.2 per cent to HK$3.18. Toymaker Pop Mart International fell 4.1 per cent to HK$215.80 and the gold miner Zijin Mining Group shed 4 per cent to HK$44.2
Elsewhere in Asia-Pacific, Japan’s Nikkei 225 fell 1 per cent, South Korea’s Kospi lost 2 per cent, while Australia’s S&P/ASX 200 declined 1.2 per cent.
