Hang Seng Suffers Sharpest Drop Since July
The Hang Seng Index plunged 2.7%, or 667 points, to 23,943 on Friday, marking its largest one-day decline since July 2026, as a renewed selloff in global risk assets weighed on Hong Kong shares following the National Day holiday. The decline came amid elevated US Treasury yields, with the 10-year yield hitting 5.34%, i