Hong Kong stocks decline as rising bond yields and stalemate in Iran war dent sentiment

Hong Kong stocks fell on Wednesday, as elevated US Treasury yields and a stalled diplomatic path towards resolving the Middle East conflict put investors on tenterhooks. The Hang Seng Index fell 0.5 per cent to 25,323.70 as of 9.33am local time. The Hang Seng Tech Index dropped 1.4 per cent. On the mainland, the CSI 300 Index slid 1.6 per cent and the Shanghai Composite Index retreated 1 per cent. Higher capital costs have pressured stocks trading at elevated valuations, particularly the...