Hong Kong stocks slide as AI worries and Gulf tensions weigh
Briefing by News4U · First published
Hang Seng Index falls over 2% to near four-month low amid fading stimulus hopes and geopolitical risks.
Asian equities opened lower on Thursday with the Hang Seng Index down 138 points at 23,513 before sinking 2.7% to 23,007.73, its lowest level since June 30, as investors weighed AI spending concerns and Gulf uncertainty. [1] [2]
Meta and Super Micro posted stronger-than-expected results, yet Meta's plan to issue non-voting shares renewed scrutiny on AI outlays. Brent crude rose 1.1% to $110.03 a barrel while US 10-year Treasury yields fell 4.2 basis points to 5.1065%. [1]
The United States ordered diplomats to leave Saudi Arabia after Houthi strikes, and reports indicated US-Israeli plans for renewed action against Iran after the November 3 midterms. [1]
Sources
- Hang Seng Index dives amid AI and war concerns
RTHK Finance · · Excerpt
- Hong Kong stocks head for 4-month low as chance of strong stimulus from Beijing shrinks
SCMP Business · · Summary only