The Hang Seng fell 143 points, or 0.6%, to close at 23,892 on Friday, extending losses for a second session as Wall Street futures slumped and global markets turned red following Israel's military strikes on Iran the previous day. Rising tensions in the Middle East added a new layer of uncertainty to already fragile global markets, which are still under pressure from President Trump's aggressive and unpredictable trade policies. The index moved away from a nearly three-month high, as most sectors declined. The technology index fell 1.7%, led by sharp declines in Horizon Robotics (-4.3%),...
US stocks fell on Friday, with the S&P 500 and Nasdaq down 0.7% and the Dow Jones down nearly 500 points, amid a flight to safe havens driven by rising tensions in the Middle East. Israel launched a preemptive strike on Iran, targeting a nuclear facility and vowing to continue operations until the threat is neutralized. Airline stocks fell sharply, with American Airlines down 4.8%, Delta Air Lines down 4.5% and United Airlines down 5%. Megacap technology stocks also fell, including Nvidia (-1.4%), Microsoft (-0.2%), Apple (-0.5%), Amazon (-1%), Meta (-0.4%), Alphabet (-1.1%), and Tesla...
Wall Street's main indexes fell on Friday after Israel's deadly strike on Iranian nuclear facilities inflamed tensions in the oil-rich Middle East and battered risk sentiment across global markets. Israel has warned that the widescale strikes were the start of a prolonged operation to prevent Tehran from building an atomic weapon. Iran has promised a harsh response. Oil prices surged nearly 7% on fears the conflict could disrupt crude supply from the Middle East. U.S. energy stocks rose in tandem, with Exxon (NYSE:XOM) up 1.7%. Airline stocks dropped as fuel costs could surge if supply...