Market Updates
China Markets Lacked Direction US-Iran War Engulfs Eleven Nations
Li Chen
03 Mar, 2026
Hong Kong
Stock markets in China, Hong Kong, and Asia extended losses for the second consecutive session amid worries of a prolonged and wider conflict in the Middle East.
The Hang Seng Index inched lower 0.1%, the mainland-focused CSI 300 Index declined 0.3%, and the benchmark indexes in Tokyo and Seoul fell between 1% and 2%.
Global market sentiment was weak as Iran's military vowed to not buckle under pressure and intensified its attack on military bases in the UAE, Kuwait, Jordan, Iraq, Syria, Saudi Arabia, and Qatar.
At least eleven countries are involved in the Middle East war after the U.S. and Israel conducted joint strikes on Iran.
The price of Brent crude oil advanced nearly 2% and hovered above $79 a barrel, and gold edged up 1% to $5,362 an ounce.
Despite two down days in Asia-wide trading this week, stock prices have been resilient, and global markets have looked beyond the latest conflict in the Middle East and an unprovoked attack on Iran.
China Indexes and Stocks
The Hang Seng Index inched lower 0.1% to 26,050.43, and the mainland-focused CSI 300 Index decreased 0.3% to 4,718.0.
Shipping companies advanced for the second day in a row as the conflict in the Middle East widened to include eleven nations.
COSCO Shipping Holdings advanced 4.1% to HK $16.12; China Merchants Port Holdings decreased 0.1% to HK $17.22; and Orient Overseas International inched up 0.03% to HK $157.60.
Zijin Mining Group declined 4.4% to HK $44.06, Zijin Gold International dropped 5.6% to HK $230.40, and Laopu Gold fell 6% to HK $684.50.
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