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Bargain Hunting Emerges as Hang Seng Ends Six-Session Slide

The Hang Seng Index closed at approximately 24,408 on June 11 after six straight losses totaling 1,550 points or 6.5%. The selloff began June 9 with a 304.89-point drop and accelerated amid escalating Middle East tensions, weak global markets, and sector declines in financials, property, and technology. By June 12, attention shifted to potential stabilization from bargain hunting despite ongoing macro uncertainty and volatile oil prices.

Category

Hong Kong 50

Sentiment

Neutral

Event

Market commentary

Reading time

1 min