Hong Kong shares pared some losses and closed lower on Monday as oil prices surged over the Iran war.
The benchmark Hang Seng Index fell 348 points, or 1.35 percent, to 25,408.
The full-day turnover jumped 34 percent to HK$392.3 billion from the previous trading day.
The tech gauge decreased 0.12 percent to 4941.
Oil majors CNOOC (0883) and PetroChina (0857) rose 3 percent and 2 percent, respectively.
Banks, insurers, and developers dragged down the market. Hang Lung Properties (0101) and Sun Hung Kai Properties (0016) fell nearly 4 percent to 5 percent, while HSBC (0005) and AIA (1299) dropped 3.9 percent and 4.4 percent.
The newly added blue chips, Contemporary Amperex Technology (3750), CMOC (3993), and Laopu Gold (6181) dropped 1.95 percent, 5.23 percent, and 4 percent on their first day in the Hang Seng Index.
In contrast, MiniMax (0100) surged 23 percent to a record high as it was linked to the hot OpenClaw artificial intelligence agent.
