U.S. stocks rebounded after an initial decline on Tuesday, with ongoing geopolitical instability fueling a further rise in risk aversion. The market at one point fell by more than 1,200 points before paring some losses; however, the three major indices still closed lower. The U.S. dollar strengthened, while the yield on the 10-year Treasury note climbed back to around 4.06%. Gold prices dropped sharply, while oil prices moved higher.

Today, Hong Kong's three major indices opened lower collectively. The Hang Seng Index fell 1.16% at the open to 25,469.34 points, the Hang Seng Tech Index dropped 1.24%, and the Hang Seng China Enterprises Index declined 1.07%. Sector-wise, technology and internet stocks broadly declined, with Baidu and Alibaba down over 2%, while Bilibili, Kuaishou, Meituan, JD.com, and Lenovo fell more than 1%. Oil and gas equipment and service stocks saw some gains, with Shandong Molong Petroleum Machinery Company Limited rising over 14%. Gold stocks fell across the board, with Chifeng Gold dropping more than 5%. Automobile stocks weakened, with XPeng down over 2%.