Changes in Hong Kong stocks | High yields on European and US bonds put pressure on financial stocks Standard Chartered Group (02888) fell nearly 6%, HSBC Holdings (00005) fell more than 4%

The Zhitong Finance App learned that Hong Kong financial stocks were generally under pressure. As of press release, AIA Insurance (01299) fell 5.5% to HK$69.55; Standard Chartered Group (02888) fell 5.73% to HK$230.4; HSBC Holdings (00005) fell 4.62% to HK$150.7; and Dah Sing Bank Group (02356) fell 4.32% to HK$14.39.

According to the news, European and US bond yields have surged. US 10-year Treasury yields hit the highest level since 2002, and US 30-year Treasury yields have also risen to the highest level in 24 years. Furthermore, the yield on British 30-year treasury bonds rose to 6% for the first time since 1998, and the yield on French 10-year treasury bonds rose to 4.96%, continuing to hit a new high since 2002.

Market analysts believe that the pressure on Hong Kong financial stocks is mainly affected by peripheral declines and fluctuations in global bond markets. Currently, Europe's financial situation is already under pressure, and the high interest rate environment further deepens market concerns; Hong Kong's free capital movement makes it easy for sales pressure to occur more quickly when taking refuge.