Hong Kong stocks declined for a second straight session on Wednesday as escalating tensions in the Middle East fueled concerns about potential supply disruptions, while investors awaited signals on new stimulus from the Lujiazui Forum.
The Hang Seng Index slipped 269.61 points, or 1.1%, to 23,710.69, while the Hang Seng China Enterprises Index fell 100.48 points, or 1.2%, to 8,594.19.
Markets tracked developments in the Israel-Iran conflict, now in its sixth day of direct exchanges. US President Donald Trump met his national security team in Washington on Tuesday to discuss the situation, Bloomberg reported, citing sources familiar with the matter.
Closer to home, attention turned to the Lujiazui Forum in Shanghai, where investors are looking for clues to fresh stimulus measures.
At the forum, Hong Kong and Shanghai officials signed a deal to expand the Stock Connect program to include more equities, bonds, ETFs, and gold. The agreement also covers cross-border settlements and potential applications for the digital yuan.
In corporate news, shares of Li Auto ended 4% lower after Meituan founder Wang Xing, a significant shareholder, further trimmed his stake through a share sale.
Source : MT Newswires
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