STOCKS | Hong Kong Shares Trim Losses After U.S.-Iran Strikes Hit Global Markets

Hong Kong stocks narrowed losses in afternoon trade after U.S.-Iran strikes pushed oil prices and bond yields higher and dragged U.S. equities lower overnight, according to Ming Pao. The Dow futures recovered in afternoon trading, while S&P and Nasdaq futures remained under pressure. Asian markets also fell, with South Korea's Kospi down 3.99%, Japan's Nikkei down 2.85%, Taiwan's market down 1.67% and the Shenzhen Component down 1.45%. The Hang Seng Index had earlier hit a one-month low in morning trade, while the Hang Seng Tech Index touched a near two-month low and the China Enterprises Index fell to a more than two-week low. The Hang Seng Index fell for a third straight day, while the Hang Seng Tech Index and China Enterprises Index declined for a second day. Turnover in the broader market dropped to a two-week low, and southbound trading volume fell to a more than four-month low. Southbound funds recorded net inflows for a sixth straight day, the longest streak in nearly six months.