Hong Kong Stocks Tumble to 1-Week Low Amid Greenland & Bond Yield Fears

The Hang Seng Index fell 0.2 per cent to 26,433.39 as of 10.55am local time, adding to a streak of four-day declines. The Hang Seng Tech Index slipped 0.1 per cent. On the mainland, the CSI 300 Index climbed 0.6 per cent and the Shanghai Composite Index added 0.3 per cent. Spot gold prices smashed the previous record, rising 1.2 per cent to US$4,821.40 an ounce on Wednesday as investors flocked to haven assets on concern about retaliation from Europe against a tariff imposed by the US on the continent. Search engine operator Baidu gained 3.4 per cent to HK$153.80, and CK Infrastructure Holdings rallied 3.1 per cent to HK$62.10. Meituan lost 0.5 per cent to HK$96.90. Tempering gains, Anta Sports Products fell 5.3 per cent to HK$78.25 and online game operator NetEase sank 2.6 per cent to HK$210.40. Risk assets are under pressure after a solid start to 2026 lifted an MSCI gauge of global stocks to a record high. Signs are emerging that the flare-up of geopolitical tensions could spill over to the financial markets, as a Danish pension fund said it was planning to pull out of US treasuries in response to US President Donald Trump’s attempt to seize Greenland. Rising Japanese bond yields added another layer of uncertainty by disrupting the carry trade. “We’ve seen the escalation of geopolitical risk recently, first from Venezuela and then to Greenland and Iran,” said Chen Meng, an analyst at Soochow Securities. “The market is facing challenges in the near term and may have underestimated the risks from overseas.”