Hong Kong 50 Slides to 25,679.78, May Face More Losses Wednesday

Hong Kong 50 closed at 25,679.78 on April 29, down 245.87 points (-0.95%), extending a nearly 300-point slide over two days amid weakness in tech and financials like Alibaba (-2.84%) and rising oil prices to $99.81/bbl. This followed a 52.42-point (0.20%) dip to 25,925.65 on April 28, capping prior declines despite WTI crude's surge to $96.72. The pullback came after April 27's 345.64-point (1.83%) rally to 19,219.78, which snapped a six-day losing streak of about 900 points, as geopolitical tensions and U.S. market weakness pressured sentiment.