The Hong Kong stock market has moved lower in four straight sessions, slumping almost 1,300 points or 5.5 percent along the way. The Hang Seng Index now sits just above the 24,650-point plateau although it's overdue for support on Tuesday. The global forecast for the Asian markets is cautiously optimistic on bargain hunting, with support expected especially among the technology and oil sectors. The European markets were soft and the U.S. bourse were mostly higher and the Asian markets figure to follow the latter lead. The Hang Seng finished sharply lower on Monday following losses from the property stocks and technology companies, while the financials offered support. For the day, the index retreated 304.89 points or 1.22 percent to finish at 24,657.06 after trading between 24,458.54 and 24,837.98. Among the actives, AIA declined 1.82 percent, while Alibaba Group tanked 2.94 percent, Baidu cratered 7.64 percent, Bank of China climbed 0.94 percent, BOC Hong Kong added 0.89 percent, China Construction Bank collected 0.46 percent, China Life Insurance stumbled 1.86 percent, China Merchants Bank eased 0.04 percent, China Petroleum & Chemical sank 0.75 percent, China Shenhua Energy advanced 0.91 percent, CITIC gained 0.81 percent, CNOOC rallied 1.96 percent, Hong Kong Exchange tumbled 2.42 percent, HSBC rose 0.35 percent, Industrial and Commercial Bank of China jumped 1.46 percent, JD.com retreated 1.99 percent, Lenovo Group dropped 1.29 percent, Meituan crashed 4.63 percent, NetEase shed 0.37 percent, Nongfu Spring perked 0.05 percent, PetroChina vaulted 1.33 percent, Ping An Insurance fell 0.09 percent, Semiconductor Manufacturing plunged 4.10 percent, Sun Hung Kai Properties contracted 1.74 percent, Tencent Holdings skidded 1.50 percent, Xiaomi Corporation slumped 1.51 percent, WuXi AppTec surrendered 2.57 percent, Zijin Mining plummeted 4.25 percent and China Mobile was unchanged.
The lead from Wall Street suggests mild upside as the major averages opened higher on Monday but faded as the day progressed, with the Dow slipping into the red.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.