Market Risk-Off Sentiment Surges, Hang Seng Index Falls Over 1000 Points at One Point

WealthCoffee · 2026-03-25T13:42:07+00:00

Hong Kong's Hang Seng Index dropped sharply by 895 points on March 23, 2026, closing at 24,382 points. Escalating tensions between the United States and Iran intensified market concerns over rising oil prices and economic stagflation, causing the Hang Seng Tech Index and the H-shares Index to also decline.

WealthCoffee

2026-03-25 13:42:07

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[Caixin] Hong Kong Hang Seng Index continued to decline on March 23, 2026, dropping 1,074 points to 24,203 points in the afternoon. The index fell 895 points or 3.54% for the day, closing at 24,382 points. The Hang Seng Tech Index declined 3.28% for the day, at 4,712 points, and the Hang Seng China Enterprises Index dropped 3.11%, at 8,308 points.

On March 21, U.S. President Trump issued a final ultimatum to Iran, demanding it reopen the Strait of Hormuz within 48 hours or face bombing of its power plants. Iran’s military responded on March 22, stating that if its power facilities are attacked, it will “completely” close the Strait of Hormuz. The statements from both sides sparked market concerns over soaring oil prices, a sharp increase in global energy costs, and further reinforced pessimistic expectations that the economy may fall into stagflation.

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