Aug 14 (Fri) close: Hang Seng Index (HSI) fell 279.66 pts (-1.10%) to 25,116.85; Hang Seng TECH Index fell 84.77 pts (-1.77%) to 4,707.62; Hang Seng China Enterprises Index (HSCEI) fell 85.66 pts (-1.02%) to 8,340.83; Hang Seng Red Chip Index rose 43.49 pts (+1.06%) to 4,132.69.

Fox News reports President Trump said the US will impose severe economic measures on Iran.

Broadcom shares fell nearly 7% intraday on Friday as investors flagged risks in the financing model for its AI infrastructure expansion. BofA analysts estimate the financing vehicle for Broadcom’s AI‑chip customers could accumulate up to $370bn of senior debt by mid‑2029, with about $150bn of new issuance in 2027, assuming a 20 GW data‑centre buildout. The debt would sit on the platform rather than Broadcom’s balance sheet, but Broadcom has provided lease‑payment guarantees for some customers; the first guaranteed transaction is about $29bn. The financing structure began in June, when Apollo Global Management and Blackstone led a $35bn funding package for Broadcom’s AIXPV platform; initial proceeds will support Anthropic’s build of more than 1 GW of compute and the platform targets over 20 GW by 2028. Market attention will focus on Broadcom’s potential future guarantee exposure as AI infrastructure scales.