Hong Kong Stocks Tumble As Middle East Conflict Report Batters Sentiment

South China Morning Post04-19

Hong Kong stocks fell on Friday as investors were rattled by reports of Israeli missiles hitting Iran, with the heightened Middle East tensions triggering a scramble for safe haven assets.The Hang ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1160276374?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-19 11:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1160276374","market":"hk","top_or_hot":-1,"title":"Hong Kong Stocks Tumble As Middle East Conflict Report Batters Sentiment","media":"South China Morning Post","content":"<div>\n<p>Hong Kong stocks fell on Friday as investors were rattled by reports of Israeli missiles hitting Iran, with the heightened Middle East tensions triggering a scramble for safe haven assets.The Hang ...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3259563/hong-kong-stocks-tumble-middle-east-conflict-report-batters-sentiment-investors-seek-havens\">Source Link</a>\n\n</div>\n","source":"lsy1600132093512","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Stocks Tumble As Middle East Conflict Report Batters Sentiment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stocks Tumble As Middle East Conflict Report Batters Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 11:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/markets/article/3259563/hong-kong-stocks-tumble-middle-east-conflict-report-batters-sentiment-investors-seek-havens><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks fell on Friday as investors were rattled by reports of Israeli missiles hitting Iran, with the heightened Middle East tensions triggering a scramble for safe haven assets.The Hang ...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3259563/hong-kong-stocks-tumble-middle-east-conflict-report-batters-sentiment-investors-seek-havens\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSTECH","symbol_name":"恒生科技指数","start_time":0,"source_url":"https://www.scmp.com/business/markets/article/3259563/hong-kong-stocks-tumble-middle-east-conflict-report-batters-sentiment-investors-seek-havens","article_id":"1160276374","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160276374","pubTimestamp":1713496353,"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Hong Kong stocks fell on Friday as investors were rattled by reports of Israeli missiles hitting Iran, with the heightened Middle East tensions triggering a scramble for safe haven assets.The Hang Sen","collect":0,"end_time":0,"defaultTopTitle":"scmp.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"translate_title":"中东冲突报道打击市场情绪，香港股市暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSCEI":1.1,"HSI":1.1,"HSTECH":1.1},"content_text":"Hong Kong stocks fell on Friday as investors were rattled by reports of Israeli missiles hitting Iran, with the heightened Middle East tensions triggering a scramble for safe haven assets.The Hang Seng Index lost 2 per cent to 16,060.37 as of 10.04am local time, the lowest level since February 19. The Tech Index slipped 3.6 per cent, while the Shanghai Composite Index was little changed.E-commerce group Alibaba tumbled 2.6 per cent to HK$66.15, Tencent dropped 1.1 per cent to HK$301.20 and food delivery platform Meituan slipped 5.1 per cent to HK$92.85. Casino operator Sands China dropped 5.2 per cent to HK$17.90 and hotpot chain Haidilao lost 5.3 per cent to HK$15.78.Gold prices surged by as much as 1.3 per cent past the US$2,400 mark and US Treasuries rallied with the 10-year yield falling more than 10 basis points to 4.54 per cent. Oil prices soared taking Brent past the US$89 per barrel mark.“Recent reports of an Israeli aerial bombardment targeting a key nuclear facility in central Isfahan have sparked a significant shift out of risk assets and into safe-haven investments,” said Stephen Innes, a managing partner at SPI Asset Management.Shares of upstream oil companies and gold producers were among gainers. CNOOC, China’s biggest offshore energy explorer, rose 3.3 per cent to HK$19 and Zhaojin Mining advanced 1.9 per cent to HK$13.Li Auto tumbled 7.5 to HK$106.20, the lowest level since January 31, as the cutthroat competition in the electric vehicle (EV) intensified after the vehicle maker priced its new model cheaper than Tesla’s bestseller model. Rival BYD declined 3.4 per cent to HK$198.50 and Geely Auto lost 3.5 per cent to HK$8.73.Adding to Hong Kong stocks’ miseries, Nomura downgraded the MSCI HK Index, which tracks the 30 markets heavyweights including AIA and HKEX, to underweight from neutral on Thursday in the Asia ex-Japan portfolio.“Our call is largely driven by bottom-up views, as we struggle to find exciting single-stock ideas,” strategists including Chetan Seth said in a note. Large index stocks are lacking near-term catalysts, while domestic Hong Kong economy-focused stocks, such as utilities, property and banks, have weak growth prospects, they added.The Hang Seng Index has lost 2 per cent so far this week, its worst performance since the last week of January, as China’s cloudy economic outlook, Fed’s “higher for longer” rates projection and rising Middle East tensions soured risk appetite.Asian markets fell across the board on the missile strike report. Japan’s Nikkei 225 Index tumbled 3.3 per cent, Korea’s Kospi lost 2.9 per cent while Australia’s S&P/ASX 200 declined 1.4 per cent.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":10,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1160276374"}