Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
HSI Once Collapses 1,000+ Pts After Midday; LAOPU GOLD Slips 11% as Spot Gold Falls Below USD4.3K
Recommend 22 Positive 34 Negative 34 |
||||
|
||||
|
US President Donald Trump issued a 48-hour ultimatum to Iran, demanding the immediate reopening of the Strait of Hormuz. Market concerns over the Middle East situation are growing. After midday, the HSI further widened its decline and once sank by 1,018 points to a bottom of 24,258. It last dropped by 973 points or 3.9% to 24,304, the lowest level since July 2025, with a turnover of HKD258.4 billion. Tracking the decline in gold prices, retail gold stock LAOPU GOLD (06181.HK) fell by 11% to HKD543.5, making it the largest loser among blue chips. CHINAHONGQIAO (01378.HK) dived 9.9% to HKD31.08, as its 2025 results were worse than expected. CHINA LIFE (02628.HK) and AIA (01299.HK) slumped by over 8%. GEELY AUTO (00175.HK) rose by over 2%, being the only blue-chip stock in the green. Commodity prices faced a rout. Spot gold fell below USD4,300. It last printed at USD4,296.67, down USD190.98 or 4.3%. Spot silver also slid by USD4.04 or 6% to USD63.72. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
