Iran war hits stocks as Hong Kong IPO boom falters



Iran war hits stocks as Hong Kong IPO boom falters
Chinese and Hong Kong shares suffered their worst month since January 2024 as the war on Iran upended global oil markets and spurred economic concerns.
The mainland CSI 300 lost 5.5 per cent in March, while Hong Kong’s Hang Seng Index dropped 6.9 per cent. Both indexes also fell for the second quarter in a row. The broader MSCI Asia-Pacific Index plunged 12 per cent in US dollar terms in March, its biggest monthly loss in more than three years.
Stocks have fallen around the world since Iran shut…

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