Iranian situation affects financial markets; Hang Seng Tech Index hits 10-month low

WealthCoffee · 2026-03-03T09:57:36+00:00

After Israel and the United States launched an attack on Iran on February 28, 2026, financial markets were affected by risk aversion sentiment. The Hong Kong Hang Seng Index plummeted, dropping nearly 750 points during the session and falling below 26,000 points. The Hang Seng Tech Index hit a new low in 2025. The half-day trading volume reached HKD 193.5 billion.

WealthCoffee

2026-03-03 09:57:36

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Caixin: Following Israel and the United States launching military strikes against Iran on Saturday, February 28, 2026, risk aversion has unsettled the financial markets. The Hong Kong Hang Seng Index opened on Monday, March 2, and plunged nearly 750 points (a 2.8% decline), breaking below the 26,000-point mark. The weak Hang Seng Tech Index, which has been sluggish since the beginning of the year, fell more than 3%, dropping below 5,000 points for the first time since April 2025, hitting a new low.

The Hang Seng Index, H-shares Index, and Hang Seng Tech Index opened Monday down 1.2%, 1.1%, and 1.8%, respectively. By midday close, the declines widened to 1.6%, 1.4%, and 2.1%, at 26,209 points, 8,738 points, and 5,030 points, with a half-day trading volume of HKD 193.5 billion.

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