Hong Kong, China stocks sink on risk-off mood amid Middle East tensions

  • Gold mining firms advance as Shanghai Composite closes marginally lower
  • Hang Seng Index shed 0.79 per cent to close at 28,226.19

Topic |   Stocks Blog

Well, that was short-lived. The solid start Hong Kong and mainland Chinese stocks made to 2020 is already under pressure, after a US air strike that killed Iran’s top military commander. As a direct result of the geopolitical tensions in the Middle East, oil surged last week and is set for a bumpy week ahead. 

Among factors to watch closer to home, we have reported that a
Chinese delegation will travel to Washington
this month to sign the phase one deal.
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– Zhang Shidong in Shanghai and Azar Zaidi in Hong Kong 

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