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Hong Kong, China stocks tumble as Iran war knocks Asian markets

Hong Kong stocks hit six-month lows on Monday while China shares wiped out this year's gains as the escalating war in the Middle East sent oil prices soaring and dampened risk appetite in markets across Asia. Hong Kong's Hang Seng Index. HSI was down 3% by the lunch break, with energy. HSCIE is the only sector to rise. China's blue-chip CSI300 Index.CSI300 fell 2%, having hit the lowest level since December, while the Shanghai Composite Index .S…

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The US is now a net energy producer, while most Asian economies are important importers. Higher energy prices can support parts of the US market, especially the energy sector, but they have a negative impact on growth, margins, currencies and current accounts in large parts of Asia.

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The Express Tribune broke the news in Pakistan on Monday, March 9, 2026.
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