Mainland markets moved lower during the session. The CSI 300, which tracks the largest companies listed in Shanghai and Shenzhen, fell about 1% by midday, while the Shanghai Composite Index slipped roughly 0.6%. In Hong Kong, the Hang Seng Index dropped around 1.2%, reflecting a broader risk-off mood across Asian markets.
The decline followed weaker global sentiment as investors reduced exposure to risk assets amid escalating tensions in the Middle East and a sharp rise in oil prices. Brent crude briefly climbed above $100 per barrel, raising concerns that higher energy costs could add to inflation pressures and weigh on global economic growth.
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