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STOCKS | Hang Seng, HSCEI Fall for Fourth Day; Haiching Zhiyuan Jumps 271% on Debut

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2026-06-22 08:41:53
Hong Kong stocks narrowed losses but the Hang Seng Index and the Hang Seng China Enterprises Index closed down for a fourth straight session, while the Hang Seng Tech Index fell for a second day, according to Ming Pao, after all three benchmarks hit their lowest levels in more than a year in morning trade.

Ming Pao said oil prices turned lower as U.S.-Iran talks made stop-start progress and were expected to continue technical-level negotiations this week, while U.S. stock index futures pared declines and Nasdaq futures turned higher. In Asia, Japan’s market rose more than 1% and Taiwan’s market gained more than 2%; mainland China’s A-shares reversed higher in the afternoon and extended gains, with Shanghai and Shenzhen markets up more than 1.7% as insurers, brokerages and other financial stocks strengthened, and combined turnover reached about RMB 3.7 trillion.

Haiching Zhiyuan (1392) debuted in Hong Kong and closed at HK$26.7, up 270.83%.
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