HK Market Midday: Hang Seng Drops Over 1%, Gold Stocks Tumble While Pharma Bucks Trend
Market Pulse·
- On September 2, Hong Kong stock indices declined across the board, with the Hang Seng Index falling over 1% and testing the 25000 mark.
- Affected by factors such as rising US-Iran tensions, climbing global bond yields, and falling gold prices, gold stocks suffered severe losses.
- Meanwhile, tech stocks generally dropped, while pharmaceutical stocks and certain individual shares bucked the trend to strengthen.
