Hong Kong Stocks Fall on Soaring Bond Yields and Higher Oil Prices
Hong Kong stocks dropped in early October trading, with the benchmark Hang Seng index losing 2.6%. The decline was attributed to a more-than-two-decade high in the 10-year US Treasury yield and rising oil prices, which reduced investor appetite for risk assets.
Hong Kong stocks fell on the first trading day of October as the 10-year US Treasury yield reached a more-than-two-decade high and rising oil prices reduced investor appetite for risk assets. 6% by midday.