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HK stocks open lower following global bond sell-off

Xenia. W by Xenia. W
20 May 2026
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Hong Kong stocks opened lower on Wednesday, as war-driven inflation fears hammered global bond markets while prompting investors to raise bets of higher interest rates later this year.

The Hang Seng Index opened down 88 points, or 0.3 percent, at 25,709.

The Hang Seng Tech Index lost around 0.3 percent, opening at 4,840.

The declines came as a sell-off in global bond markets persisted overnight with the benchmark US 10-year Treasury yield hitting a 16-month high of 4.687 percent, while the 30-year yield climbed to 5.198 percent, levels not seen since 2007.

Across the border, mainland shares also declined, with the Shanghai Composite Index losing around 0.4 percent to open at 4,152.

The Shenzhen Component Index opened 0.5 percent lower at 15,487.

Investors have ramped up bets that the US Federal Reserve might need to raise interest rates later this year as inflationary concerns persist with global oil prices staying above US$110 a barrel.

The Strait of Hormuz remained effectively closed and US President Donald Trump said that he might need to strike Iran again, one day after he said he was postponing an imminent attack to allow for more negotiations with Tehran. (Xinhua/Reuters)

Tags: BusinessFinance
Xenia. W

Xenia. W

Xenia is a Hong Kong–based writer and content creator focusing on financial markets, policy and the city’s evolving economic landscape. With over ten years of experience in higher education and tourism‑related projects, she specialises in transforming complex information into clear, reader‑friendly insights for both professional and general audiences. ​ Drawing on a background in bilingual Chinese–English translation and editing, Xenia writes across topics including Hong Kong and US stocks, market structure, macro trends and how policy shifts affect everyday investors.

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