U.S. equities fell sharply on Thursday amid investor concerns that U.S.-Iran negotiations may not reach an agreement, coupled with persistently high oil prices. All three major U.S. indices closed in negative territory. The U.S. dollar strengthened, while the yield on 10-year Treasury notes rose to around 4.41%. Gold prices trended downward, and oil prices advanced before retreating.

Hong Kong’s three major indices opened lower on Friday. The Hang Seng Index dropped 0.35% to 24,768.66 points, the Hang Seng Tech Index declined 0.44%, and the Hang Seng China Enterprises Index fell 0.15%. Across the market, technology stocks were broadly lower, with Bilibili down over 2%, and Kuaishou and Baidu both falling more than 1%. Semiconductor shares continued to adjust, with Gigadevice Semiconductor dropping over 4%. Most non-ferrous metal stocks opened lower, led by Shandong Gold, which fell more than 5%. Insurance stocks also opened weaker, as AIA Group declined over 3%.