Market Updates
China and Hong Kong Stocks Under Pressure Amid Hormuz Uncertainty
Li Chen
22 Apr, 2026
Hong Kong
Stocks in mainland China and Hong Kong struggled as the U.S. and Iran talks ended with no visible progress.
The Hang Seng Index decreased 1.4%, and the mainland-focused CSI 300 Index edged up 0.4% amid diplomatic uncertainty in the Persian Gulf.
Market sentiment in China and Asia soured following the lack of progress in normalizing crude oil and gas flows through the Strait of Hormuz.
Brent crude oil prices struggled around $98.43 a barrel amid lingering uncertainty and rising prospects of violence in the Persian Gulf.
Despite claims by the U.S. president, shipments through the critical waterway remain depressed, and Iran and the U.S. claim to continue their blockades in the region, which has kept elevated overall global energy prices.
China Stocks and Movers
The Hang Seng Index decreased 1.4% to 26,140.27, and the mainland-focused CSI 300 Index gained 0.3% to 4,782.18.
Alibaba Group, Tencent Holdings, and Baidu Inc. dropped between 3% and 5%.
CNOOC, PetroChina, and Sinopec Shanghai Petrochemical fell between 1% and 2%.
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