Hong Kong shares expected to drop due to negative global markets and U.S. involvement in conflict

From Nasdaq: 2025-06-22 21:15:00

The Hong Kong stock market ended a three-day losing streak, with the Hang Seng Index finishing just above 23,530 points. However, it is expected to turn lower on Monday. Global markets are negative due to U.S. involvement in the Israel/Iran conflict. The Hang Seng rose 1.26% on Friday, led by gains in financial, property, and technology sectors.

On Wall Street, the major averages opened higher but ended mixed and little changed. The Dow rose while the NASDAQ and S&P 500 dropped. President Trump sees a “substantial chance of negotiations” with Iran. However, U.S. bombed three sites in Iran on Saturday, raising uncertainty.

Oil prices slipped as concerns of U.S. involvement in the conflict faded. West Texas Intermediate crude closed at $74.93 per barrel. Regional manufacturing activity remains weak, with the Philly Fed’s index showing continued contraction.



Read more at Nasdaq: Renewed Selling Pressure Expected For Hong Kong Shares