HSI falls 3% as oil jumps on Hormuz tanker report
Briefing by News4U · First published
Hong Kong's Hang Seng Index dropped 717 points to 22,934 after oil prices rose more than 2% on an unverified report of seven tankers damaged in the Strait of Hormuz.
RTHK Finance reported that the Hang Seng Index fell 717 points, or 3.03 percent, to 22,934 on turnover of HK$256.05 billion after oil prices jumped more than 2 percent following Iran's state television report that seven oil tankers caught fire and were damaged in the Strait of Hormuz. [1]
The tech index plunged 200 points, or 5 percent, to 3,793, while the China enterprises index fell 254 points, or 3.2 percent, to 7,689. Shanghai Composite Index ended down 55 points, or 1.48 percent, at 3,658, and the Nikkei tumbled 1,713 points, or 2.65 percent, to 62,907. [1]
Sources
- HSI joins region in retreating amid AI, Hormuz jitters
RTHK Finance · · Excerpt