The Hang Seng plunged 491 factors, or 1.8%, to finish at 26,590 on Tuesday, erasing many of the prior session’s features following Wall Street’s sharp drop Monday on renewed tariff anxiousness and geopolitical tensions.
The benchmark index retreated from a close to two-week prime, with broad weak point throughout sectors, together with shopper, tech, and financials.
Traders shrugged off added liquidity in regional markets with China and Japan reopening from holidays, as their focus shifted to recent friction between Beijing and Tokyo after China barred exports of dual-use gadgets to twenty Japanese corporations with alleged army ties.
Still, losses had been partly cushioned by an over 1% rally in mainland shares on bets {that a} U.S. tariff reset may benefit China.
CK Hutchison slid 2.7% after Panama canceled the corporate’s port contracts following a court docket ruling.
Tech names tracked U.S. jitters over AI, with Kingdee Intl. plunging 8.0%, adopted by SenseTime (-6.1%), Kuaishou Tech. (-2.6%), and Alibaba Hong Kong (-2.4%).
