Hong Kong Stocks Tumble on High Treasury Yields and Oil Prices
Hong Kong stocks experienced their steepest one-day drop in over six months at the start of October. The decline was driven by a surge in the 10-year US Treasury yield to a two-decade high and rising oil prices, which negatively impacted risk sentiment.
Hong Kong stocks fell sharply on the first trading day of October, marking their steepest one-day drop in more than six months, as a jump in the 10-year US Treasury yield to a more-than-two-decade high and firmer oil prices pressured risk appetite. HIS) was down 2…