Apr 2, 2026, 11:29 GMT+7
Reuters - Mainland China and Hong Kong stocks retreated on Thursday as investor sentiment weakened after U.S. President Donald Trump gave no clear timeline for ending the Iran war in a televised speech.
** Trump said on Wednesday that the U.S. military had nearly accomplished its goals in Iran, but declined to set a concrete timeline to wind down the conflict.
** The U.S. would continue to hit targets in the Islamic Republic over the next two to three weeks, and assured viewers it would finish the job "very fast".
** "The only thing that really matters is whether the Strait of Hormuz will open soon," said Prashant Newnaha, senior rates strategist at TD Securities.
** "Trump's speech doesn't imply this is likely to happen as quickly as the markets were expecting. Threats that the U.S. will strike Iranian power plants if no deal is reached and that it will bring Iran back to the Stone Age point to further escalation."
** At the midday break, the benchmark Shanghai Composite indexfell 0.53%, while the blue-chip CSI300 Indexlost 0.74%.
** Meanwhile, in Hong Kong, the benchmark Hang Seng Indexdropped 1.1% and the city's tech sharesplunged 2.2%.
** Semiconductor shares were among the biggest losers in morning deals, as Trump's comments dented risk appetite, with industry-tracking sub-indexesand losing 2.49% and 2.29%, respectively.
** Oil prices climbed more than $5 on Thursday, as the comments fanned investor fears about sustained disruptions to supply.
** Several Chinese airlines, including top carrier Air China, said they would raise domestic fuel surcharges from April 5, as the Iran war drives up prices of jet fuel.

Sumber : Reuters