The Hang Seng slid 571 points, or 2.1%, to close at 26,060 on Monday, erasing prior gains and hitting a six-week low amid broad sector weakness.
A sell-off in U.S. futures pressured sentiment as Middle East tensions escalated, with President Trump warning the conflict could last another four weeks and pledging continued strikes until U.S. objectives are met.
Risk appetite also faded as Chinese automakers reported sharp sales declines in February, reflecting Lunar New Year disruptions in the world's largest auto market.
Caution also mounted ahead of China's February PMI and Hong Kong's January retail sales data later this week.
Still, losses were partly offset by strength in mainland stocks on expectations that Beijing may step in to stabilize markets ahead of a key parliamentary meeting.
Meanwhile, investors rotated into Chinese energy firms as oil prices surged.
Major laggards included Xiaomi (-5.2%), SMIC (-4.7%), Meituan (-4.6%), Cathay Pacific (-4.2%), and Longfor Group (-2.3%).
Sumber : Trading Economics
Reprinted from indopremier_id，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Like this article? Show your appreciation by sending a tip to the author.
Leave Your Message Now