Hong Kong Stocks Open Little Changed as Trump Revives Iran Tensions
Hong Kong stocks opened largely flat on Thursday as investors assessed renewed U.S.-Iran tensions after U.S. President Donald Trump declared the interim deal with Iran was "over." The Hang Seng Index was little changed at 24,181.34, down 18.12 points, while the Hang Seng China Enterprises Index edged down 0.27 points to 8,083.95. Trump, speaking at a NATO summit in Turkey, said he had no interest in further talks with Iran and warned Washington was likely to carry out additional strikes, reviving geopolitical concerns. Meanwhile, minutes from the U.S. Federal Reserve's latest meeting highlighted lingering inflation concerns. Traders continued to price in a likely December rate hike, according to CME's FedWatch tool.
Hong Kong stocks opened largely flat on Thursday as investors assessed renewed U.S.-Iran tensions after U.S.
President Donald Trump declared the interim deal with Iran was "over." The Hang Seng Index was little changed at 24,181.34, down 18.12 points, while the Hang Seng China Enterprises Index edged down 0.27 points to 8,083.95.
Trump, speaking at a NATO summit in Turkey, said he had no interest in further talks with Iran and warned Washington was likely to carry out additional strikes, reviving geopolitical concerns.
Meanwhile, minutes from the U.S.
Federal Reserve's latest meeting highlighted lingering inflation concerns.
Traders continued to price in a likely December rate hike, according to CME's FedWatch tool.