Mainland China and Hong Kong stocks edged lower today, as investor sentiment was weighed down by fresh signs of Middle East tensions after US President Donald Trump urged Iranians to evacuate Tehran.
Israel and Iran attacked each other for a fifth straight day today.
Trump left the Group of Seven summit in Canada a day early due to the situation in the Middle East, the White House said yesterday, prompting broad risk-off sentiment in global financial markets.
“One thing that is clear is that the situation continues to be highly uncertain and risks of escalation should not be ignored,” Maybank analysts said in a note.
“Safe havens should continue to be better bid and the US dollar should be better supported,” analysts said.
At the midday break, the Shanghai Composite Index was 0.19% lower at 3,382.14 points, while the blue-chip CSI300 index…
