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Hong Kong Monitors Middle East Tensions, Oil Price Impact

3/29/2026

Summary

Story summary

Financial Secretary Paul Chan Mo-po says Hong Kong monitors rising Middle East tensions and their oil-price impact.
Chan notes geopolitical instability has shaken investor sentiment, but Hong Kong’s markets remain stable.
He says the city’s service-driven economy limits immediate impact while the longer conflict could affect the global economy, interest rates, and capital flows.
The volatility began on February 28 after US-Israeli strikes on Iranian infrastructure.

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Story summary

Financial Secretary Paul Chan Mo-po says Hong Kong monitors rising Middle East tensions and their oil-price impact.
Chan notes geopolitical instability has shaken investor sentiment, but Hong Kong’s markets remain stable.
He says the city’s service-driven economy limits immediate impact while the longer conflict could affect the global economy, interest rates, and capital flows.
The volatility began on February 28 after US-Israeli strikes on Iranian infrastructure.