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Hong Kong stocks rebound, while mainland, Japanese, and Korean markets fall
Hong Kong's benchmark Hang Seng Index rebounded 0.41% to 23,027 points, with the China Enterprises Index up 0.72% to 7,744 and the tech index up 0.51% to 3,813. Meanwhile, mainland Chinese stocks extended losses, with the Shanghai Composite Index down 0.94% to 3,623 and the CSI300 index losing 1.1%. The Shenzhen Component Index fell 1.49% to 11,187, and the ChiNext Index dropped 1.66% to 2,534. In Tokyo, the Nikkei opened 0.38% lower at 62,667, while Seoul's Kospi opened down 2.36% at 5,403. Analysts at UOB attributed the global market's risk-off rotation to a deepening selloff in AI-related tech stocks, escalating Middle East tensions, and stress in French sovereign debt markets.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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