Hong Kong stocks retreated on July 24 as escalating Middle East tensions, volatile oil prices and fresh US tariffs dampened appetite for risk across Asian markets.
The benchmark Hang Seng Index fell 247.58 points, or 0.98%, to close at 24,963.23, slipping below the psychologically important 25,000 level.
Sentiment was hit by concerns that elevated energy costs could fuel inflation and weigh on economic growth, while Washington’s latest tariff measures added to uncertainty over global trade.
The decline capped a cautious session as investors weighed geopolitical headlines against the outlook for corporate earnings and China’s economy.
