Market Updates
China Indexes Eased After U.S. Strikes Iran's Nuclear Facilities
Li Chen
23 Jun, 2025
Hong Kong
The Hang Seng index and the mainland-focused CSI 300 index declined a fraction in volatile trading, and crude oil prices rose about 2%.
Risk appetite waned after the U.S. president said additional strikes targeting Iran's military and nuclear installations are likely, as the U.S. entered the war in the Middle East.
Iran also threatens to close the Strait of Hormuz, which could curtail oil supply to global markets and stoke crude oil prices higher.
Brent crude oil prices rose 5% to $81.67 a barrel before backing down to an increase of 2.2% to $78.91.
Arab nations in the Middle East are bracing for a wider war in the region, which could severely disrupt energy supplies from the region and lead to a series of events with unpredictable outcomes.
Closer to home, investors worried that higher energy prices could stoke global inflation and dampen demand for Chinese manufactured goods.
China Indexes and Stocks
The Hang Seng index edged lower 0.1% to 23,509.74, and the mainland-focused CSI 300 index decreased 0.2% to 3,838.86.
Zhejiang Sanhua Intelligent Controls listed its stock on the Hong Kong Stock Exchange and traded down 2% to HK $22.05.
The maker of parts for fridges and air conditioners raised HK$9.3 billion and priced its offering at HK$22.53.
Bayzed Health Group soared 25% to HK$5.330, and the company, which operates hospitals, sold 133.1 million shares at HK$4.22 per share, raising a total of HK$561.7 million.
Transthera Sciences soared 25% to HK $23.03, and the biopharmaceutical company sold 15.3 million shares and priced its offering at HK $13.15 per share.
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