Hong Kong Stocks Rebound Over 200 Points Today; Hang Seng Closes Up 0.66%, Kingboard Surges 13.4%

Hong Kong stocks fell sharply this morning due to escalating Middle East geopolitical tensions and rising crude oil prices, with the Hang Seng Index dropping over 300 points to a low of 23,902. However, buyers returned in afternoon trading, pushing the index into positive territory. As of 2 p.m., the Hang Seng Index closed at 24,373 points, up 159 points or 0.66%. The National Index rose 0.66% to 8,118, while the Tech Index climbed 0.2% to 4,686.

Kingboard Holding shares surged 9.5% to 65.05 Hong Kong dollars, while Kingboard Laminates jumped 13.4% to 57.9 Hong Kong dollars.