HSI closed down 348.72 points (-1.4%) at 24,493.95 on Tuesday, June 16. Hang Seng Tech Index closed down 106.93 points (-2.24%) at 4,658.65. Hang Seng China Enterprises Index (H-shares) closed down 135.69 points (-1.62%) at 8,240.05. Hang Seng Red Chip Index closed down 70.78 points (-1.64%) at 4,250.15.

XTB analyst Kathleen Brooks said a US‑Iran peace agreement to end the Middle East conflict and reopen the Strait of Hormuz would pressure oil prices lower and ease inflation risks. The development arrives ahead of the Bank of England's rate decision; investors broadly expect the policy rate to remain at 3.75%. Markets will watch voting splits and BoE communication for signals on future moves. London Stock Exchange data shows markets have fully priced a 25bp hike in December.

BofA’s June global fund manager survey (June 5-11) found 40% expect the Federal Reserve to raise rates at least once in the next 12 months, up from 16% in May. 28% expect at least one cut, down from 50% last month, while 28% expect no change to the federal funds rate over the same period.