The Hang Seng lost 81 points or 0.3% to close at 23,980 on Tuesday amid broad sector losses, swinging from gains in the prior session. Sentiment weakened as U.S. stock futures tumbled after President Trump's abrupt exit from the G7 Summit in Canada, while Israel-Iran tensions extended into a fifth day.
Investors also turned cautious ahead of the Fed's two-day policy meeting starting today, with a rate decision due Wednesday. While the board is expected to hold rates steady for a fourth straight time, geopolitical risks and rising oil prices could dampen hopes for near-term easing.
Financial stocks led losses after China's May new yuan loans came in well below consensus despite a slight rebound from April's near two-decade low. Ping An and HSBC each fell 0.7% while Hang Seng Bank dipped 0.4%.
Consumer, tech, and property stocks also dropped amid mixed activity data in China for May due to tariff pressure. Chow Tai Fook plunged 7.3% on plans to raise USD 1 billion via convertible bonds.
Source : Trading Economics
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