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Hong Kong Prepares for Market Volatility Amid Middle East Tensions

3/2/2026

Summary

Story summary

Paul Chan Mo-po, Hong Kong Financial Secretary, on March 1, 2026 warned that escalating Middle East tensions could trigger market volatility and attract safe-haven capital to Hong Kong.
He cited US-Israel military actions against Iran, including Khamenei's death, as creating global uncertainty.
Hong Kong has limited direct trade with Iran, but faces potential oil and gold price volatility.
The government stated its readiness to manage the resulting risks.

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Story summary

Paul Chan Mo-po, Hong Kong Financial Secretary, on March 1, 2026 warned that escalating Middle East tensions could trigger market volatility and attract safe-haven capital to Hong Kong.
He cited US-Israel military actions against Iran, including Khamenei's death, as creating global uncertainty.
Hong Kong has limited direct trade with Iran, but faces potential oil and gold price volatility.
The government stated its readiness to manage the resulting risks.