Geopolitical tensions in the Middle East have weighed on financial risk sentiment, resulting in a significant downturn in the Hong Kong stock market. The Hang Seng TECH Index closed 1.46% lower, with broad declines observed among large technology stocks and key financial players. Notably, Meituan dropped by 3.5%, while Alibaba and Baidu each declined by over 2%. Mainland property stocks also fared poorly, with Rongxin China seeing a near-7% decline. Brain-computer interface stocks fell post-open, with Nanjing Panda Electronics plunging more than 10%. Furthermore, stocks in the oil, automotive, and semiconductor chip sectors generally declined.

However, small-cap oil and gas stocks experienced a dramatic surge, fueled by the potential impact of US intervention in Iran-related conflicts. Jixing New Energy, for instance, skyrocketed by over 343%. Conversely, precious metals and non-ferrous metals stocks showed resilience, with China Silver Group rising by 12.5%.