Hang Seng Index closes lower Monday

Hong Kong's stock market ended lower on Monday with the benchmark Hang Seng Index down 0.67 percent to close at 26,957.77 points.

The Hang Seng China Enterprises Index lost 0.88 percent to end at 9,573.38 points, and the Hang Seng Tech Index slid 1.10 percent to 6,550.30 points.

German President Frank-Walter Steinmeier on Tuesday described the military strikes by the United States and Israel against Iran as a "violation of international law" and a "politically fatal error."

Speaking at an event marking the 75th anniversary of the re-establishment of the German Foreign Ministry, Steinmeier said the war was "avoidable and unnecessary" if the intended goal was to prevent Iran from developing nuclear weapons.

Steinmeier said international law remains "a regulatory framework, a rule book, and a source of legitimacy" for both Germany and Europe. "This Europe would be lost in a world without law and rules, as the European Union itself is built on them," he noted.

Steinmeier pointed to a deep rift that has emerged in the transatlantic relationship since the beginning of U.S. President Donald Trump's second term, calling on Germany and its European partners to reduce "dependencies that make us vulnerable," specifically in the fields of security and technology.

"Achieving European sovereignty in defense and technology is a project that will take generations to complete," Steinmeier said, stressing that the magnitude of this task must no longer serve as an excuse for delay.