Hong Kong Shares May Take Further Damage On Monday

Hong Kong’s Hang Seng Index plunged 426.27 points (1.62%) to 25,962.73 on Friday, ending a two-day gain and leaving the market vulnerable to further weakness into Monday. Losses were broad-based across financials, property and tech names, with major China-related stocks notably weaker. The sell-off followed weaker U.S. and European markets, a jump in 10-year Treasury yields and a sharp rise in crude oil — WTI jumped about 4.1% to $105.35 — which together raise concerns about growth and the interest-rate outlook. The article forecasts a negative open for Asian markets amid persistent Middle East conflict and surging oil, signaling continued downside risk for the Hong Kong index.