Hang Seng Index Update: Tech Stocks Slide, Oil & Gold Shine Amid Volatility

June 13, 2025: The escalating geopolitical tensions in the Middle East rattled financial markets today, leading to a cautious start on the Hong Kong Stock Exchange.

Also Read: Why are Indian Stock Markets Weak? 10 Overnight Cues that Have Shaped Trade Today

The Hang Seng Index opened lower by 75 points (0.31%), standing at 23,959 points, while the H-share index declined 41 points (0.47%) to 8,688 points. The technology sector also took a hit, dropping 50 points (0.95%) to close at 5,280 points.

Tech Stocks See Mixed Movements

Within the tech space, stocks experienced mixed performances.

• Tencent edged up slightly by 0.1%, showing resilience amid the uncertainty.
• However, major players such as Alibaba (-1.5%), Meituan (-1.2%), Xiaomi Group (-0.5%), and Kuaishou (-1.7%) recorded declines, reflecting a general softening trend in the sector.

Financial Stocks Show Divergence

Financial stocks demonstrated varied reactions:

• HSBC Holdings nudged upward by 0.1%.
• Prudential remained largely flat.
• Meanwhile, China Ping An (-0.5%) and the Hong Kong Stock Exchange (-0.3%) saw modest declines.

Oil and Gold Stocks Rally on Price Surge

Amid the geopolitical tension-driven spike in oil prices, oil-related stocks enjoyed gains:

• CNOOC climbed 2.6%
• PetroChina rose 2.3%
• Sinopec increased by 0.4%

Gold stocks also attracted investor interest as a safe haven asset, with strong performances from:

• Zijin Mining Industry (+3%)
• Zhaojin Mining Industry (+3.8%)
• A leading gold company surged 3.9%