30.04.202602:02:18UTC+00Hong Kong Stocks Dip on Energy Surge

The Hang Seng Index fell 155 points, or 0.6%, to 25,947 on Wednesday, as cautious sentiment dominated trading despite support from earlier gains in major technology names and insurers. Investor confidence remained subdued amid a continued rise in oil prices, which advanced for a fourth straight session on escalating tensions in the Middle East and persistent disruptions in the Strait of Hormuz. The climb in energy costs intensified worries about inflation and its potential drag on global economic growth, dampening risk appetite.

Across the region, technology shares retreated as the initial enthusiasm around artificial intelligence gave way to profit-taking under the pressure of higher oil prices and renewed geopolitical uncertainty. Notable decliners included Tencent Holdings (-1.6%), Xiaomi Corporation (-2.3%), Meituan (-1.2%), China Resources Land (-1.2%), and WH Group (-2.0%).