China, HK stocks fall on Middle East worries; focus on NPC for policy cues
China and Hong Kong stocks fell on Wednesday due to escalating Middle East tensions, with the blue-chip CSI300 Index down 1.6% and the Shanghai Composite Index down 1.4%. The Hang Seng Index dropped 2.8% to a six-month low, led by declines in oil and maritime shipping stocks. Analysts caution against rushing to invest amid geopolitical uncertainty, while attention turns to the National People's Congress for potential policy signals. Expectations include a slight reduction in the GDP growth target and increased special bond financing.
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