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Home News Business

Local stocks open down amid Israel-Iran conflict

Xenia. W by Xenia. W
16 June 2025
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Local stocks open down amid Israel-Iran conflict
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The Hang Seng Index lost over 100 points, or 0.42 percent, to open at 23,791 on Monday.

Mainland stocks also opened lower, with the benchmark Shanghai Composite Index down 0.23 percent to open at 3,369.

The Shenzhen Component Index opened 0.25 percent lower at 10,096.

Investors were on edge as financial markets reopened, with crude oil prices initially up near 4 percent as markets were gripped by the escalating threat of a sweeping conflict in the Middle East.

Meanwhile, data released on Monday showed China’s industrial output rose 5.8 percent year on year in May, slowing from the 6.1 percent pace in April.

Retail sales growth unexpectedly picked up, rising 6.4 percent in May, compared to 5.1 percent growth in April.

It was the quickest growth since December 2023.

Elsewhere in the region, Japan’s Nikkei firmed 0.8 percent and South Korean stocks added 0.5 percent in morning trading. (Xinhua)

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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