(23 Jun 2025)
RESTRICTIONS SUMMARY:
ASSOCIATED PRESS
Hong Kong – 23 June 2025
1. Tilt down from electronic board outside Hong Kong Stock Exchange building to passers-by
2. Various of ticker and electronic board showing the benchmark Hang Seng Index
3. Mid of Francis Lun in his office, CEO of GEO Securities Limited
4. SOUNDBITE (English) Francis Lun, CEO, GEO Securities Limited:
“After one-hour trading, the loss, the markets have recovered and Hang Seng Index lost about under 100 points. So it’s a limited impact, it’s not the catastrophic effect that people expected, it’s not a 1,000-point fall or something like that.”
5. Close of Lun’s face
6. SOUNDBITE (English) Francis Lun, CEO, GEO Securities Limited:
“I think investor confidence is still very weak because of the ongoing Mideast war, there’s really no end in sight.”
7. Pan of Hong Kong Stock Exchange Building exterior
8. Close of ticker showing the benchmark Hang Seng Index
9. Wide exterior of Stock Exchange building
STORYLINE:
The price of oil rose and U.S. stock futures fell as global markets react to the U.S. strike against nuclear targets in Iran.
Futures for the S&P 500 and the Dow Jones Industrial Average slipped 0.4%, while Nasdaq futures fell 0.5%. Treasury yields were little changed. The modest moves indicate markets are taking the latest development in stride.
That was evident in early Asian trading.
Veteran Hong Kong investment manager Francis Lun says the effect on Asian markets from the U.S. attack on Iran’s nuclear facilities was limited. Initially, Hang Seng Index lost more than 200 points when trading started but the drop was stabilized soon after.
Investor confidence is still weak according to Lun.
Other major regional markets also logged moderate declines.
The conflict, which began with an Israeli attack against Iran on June 13, has sent oil prices yo-yoing, which has in turn caused see-saw moves for the U.S. stock market, because of rising and ebbing fears that the war could disrupt the global flow of crude. Iran is a major producer of oil and also sits on the narrow Strait of Hormuz, through which much of the world’s crude passes.
AP video shot by Alice Fung
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