Published on 10/02/2026 at 12:50 am EDT
Reuters) - Hong Kong stocks dropped on the first trading day of October, as the 10-year US Treasury yield hitting a more-than-two-decade high and rising oil prices dampened investor appetite for risk assets.
** Hong Kong benchmark Hang Seng lost 2.6% by midday.
** Hang Seng China Enterprises Index and Hang Seng Tech both fell more than 2%.
** By sector, biotech and financial shares led the decline.
** Global bonds came under heavy selling pressure again on Thursday, sending borrowing costs from the United States to France and Japan to multi-decade highs, putting investors on high alert for further market volatility.
** Higher rates tighten market liquidity, especially in interest-rate-sensitive markets like Hong Kong.
** Macau gaming stocks listed in Hong Kong declined broadly with Galaxy Entertainment dropping 6%, as the city's gaming revenue continued to fall in September.
** China's onshore financial markets are closed from October 1 to October 7 for the National Day holidays. Trading will resume next Thursday, October 8.
(Reporting by Summer Zhen; Editing by Mrigank Dhaniwala)

Sumber : Reuters