Hong Kong Stocks Open Lower as Geopolitical Tensions, Rate Bets Hit Sentiment
MT Newswires Live
13 hours ago
Hong Kong stocks opened lower on Monday as renewed fighting between the U.S. and Iran pushed oil prices higher.
The Hang Seng Index fell 0.6%, or 164.16 points, to open at 25,420.63, while the Hang Seng China Enterprises Index dropped 0.6%, or 46.31 points, to open at 8,444.08.
Brent crude rose 1.4% to $89.38 a barrel after U.S. forces struck Iranian launchers.
Meanwhile, markets raised the probability of a September Federal Reserve rate hike to 57% following Chair Kevin Warsh's comments on inflation.
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