Concerns about tariffs and sinking oil prices may halt recent gains in the Hong Kong stock market

From Nasdaq: 2025-05-05 21:00:00

The Hong Kong stock market finished higher for three consecutive sessions, gaining almost 550 points or 2.4 percent. However, the rally may stall on Tuesday due to tariff concerns and sinking oil prices globally. The Hang Seng Index closed above 22,500 points with gains in technology stocks. Major stocks like Alibaba Group and JD.com saw significant increases. Meanwhile, Wall Street closed in the red with the Dow, NASDAQ, and S&P 500 all declining. Crude oil futures hit a four-year low after OPEC+ agreed to increase oil production for a second month, causing West Texas Intermediate crude to drop to $57.13 a barrel.



Read more at Nasdaq: Hong Kong Bourse May Spin Its Wheels On Tuesday