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  • Hang Seng Drops 640 Points, Closes Below 24,000
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Hang Seng Drops 640 Points, Closes Below 24,000

October 3, 2026 2 minutes read
Illustrative Hong Kong skyline with the headline: Hang Seng Drops 640 Points, Closes Below 24,000

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Hong Kong stocks finished sharply lower on Friday, 2 October, with the Hang Seng Index losing 640 points, or 2.6%, to close at 23,972.

Trading turnover reached HK$145.8 billion. The figures confirm the session’s closing result, following the opening decline covered in our previous brief.

Technology and mainland shares also fall

The Hang Seng Tech Index declined 95 points, or 2.3%, to 4,157. The China Enterprises Index also lost 2.3%, falling 189 points to 8,030.

Oil prices and borrowing costs weigh on sentiment

According to RTHK’s market report, concerns about elevated oil prices and rising government bond yields weighed on Asian equities.

Yields rose sharply on Thursday before easing in early Friday trading. Oil prices also retreated after the previous day’s surge, but remained elevated. Investors continued to assess how higher energy costs could affect inflation and interest rates.

Regional markets end mixed

Japan’s Nikkei 225 fell 0.94%, while South Korea’s Kospi gained 0.46% on Friday but remained lower for the week.

Hong Kong’s benchmark ended below the 24,000 mark, recording a steeper daily decline than either market.

Source: RTHK market report, published 2 October 2026 at 5:07pm HKT.

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