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Asian Equities Fall Amid Geopolitical Tensions; A-Share Index Down 1.79%, Hong Kong Tech Down 2%

2026-06-11 04:33:43

In early trading on June 11, Chinese and Hong Kong stocks declined significantly. The ChiNext Index fell 1.79%, with over 4,500 declining stocks across the broader market. The Hang Seng Index dropped 1.1%, while the Hang Seng Tech Index fell 2%, with Xpeng down over 6% and Alibaba declining nearly 5%. The moves coincided with escalating U.S.-Iran tensions, as the U.S. military said it completed the latest strike against Iran, while Iran claimed it deployed 12 missiles against a Jordanian U.S. military base. Additionally, Chinese regulators launched antitrust probes into e-commerce platforms Taobao, JD.com, Pinduoduo, Douyin, and Xiaohongshu over misleading "618 promotional" marketing claims.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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