Hong Kong, China stocks sink on risk-off mood amid Middle East tensions
- Gold mining firms advance as Shanghai Composite closes marginally lower
- Hang Seng Index shed 0.79 per cent to close at 28,226.19
Well, that was short-lived. The solid start Hong Kong and mainland Chinese stocks made to 2020 is already under pressure, after a US air strike that killed Iran’s top military commander. As a direct result of the geopolitical tensions in the Middle East, oil surged last week and is set for a bumpy week ahead.
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– Zhang Shidong in Shanghai and Azar Zaidi in Hong Kong
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