Hong Kong Stocks Hold Steady
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The Hang Seng Index remained stable at 26,010, up 0.2%, amid geopolitical tensions and energy market disruptions. Oil prices surged due to stalled US-Iran peace talks, raising concerns over supply constraints and inflation. Higher crude prices affected risk appetite, with U.S. stock futures dipping ahead of central bank meetings. Hong Kong stocks lagged behind regional peers, but semiconductor stocks like SMIC rose 6.0%. Other notable gainers included AIA Group (1.4%), Lenovo (1.3%), and Shenzhen Xunce Technology (1.4%).
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