Market Updates

China and Asian Markets Soared Amid Iran War and Strait of Hormuz Passage Optimism

Li Chen
01 Apr, 2026
Hong Kong

    Stocks in China and Hong Kong in the hopes that the U.S. and Israel's war on Iran is likely to end as early as two weeks.

    The Hang Seng Index jumped 2%, and the mainland-focused CSI 300 Index increased 1.4%, reflecting the surge in overnight trading. 

    Wall Street indexes soared between 2% and 3% in overnight trading amid hopes that the U.S. is ready to end its bombing campaign on Iran and look for a diplomatic solution to resume transportation through the Strait of Hormuz. 

    Benchmark indexes in Japan soared 4.5%, in South Korea surged 6%, and in India advanced 2.5%. 

     

    China Indexes and Stocks 

    The Hang Seng Index soared 2% to 25,276.65, and the mainland-focused CSI 300 Index advanced 1.4% to 4,513.65. 

    Technology and AI-related stocks led gainers in Hong Kong trading on Tuesday.

    Alibaba Group, Meituan, Tencent Holdings, SMIC, and Badu jumped between 3% and 5%. 

    BYD, Xiaomi, and Geely Automobile Holding meandered in active trading. 

    Sun Hung Kai Properties, Henderson Land Development, and China Vanke advanced between 2% and 3%. 

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