Hong Kong Stock Market Midday Review

Coal stocks have risen against the market trend. The surge in oil and gas prices has triggered an energy substitution effect, with institutions indicating that domestic and international coal prices may rise beyond expectations.

According to Zhitong Finance, the Hang Seng Index fell by 2.55%, or 656 points, to 25,101 points, while the Hang Seng Tech Index dropped by 2.34%. The morning trading volume of Hong Kong stocks reached HKD 219.3 billion.

The ‘production halt wave’ triggered by the situation in the Middle East pushed international oil prices above USD 110 at the opening. CNOOC (00883) surged by 6.99%; PetroChina (00857) rose by 3.56%; Shandong Molong (00568) skyrocketed by 49%; and Sinopec Oilfield Service (01033) climbed by 12%.

Coal stocks moved higher against the market trend. The surge in oil and gas prices triggered an energy substitution effect, with institutions predicting that domestic and international coal prices may rise beyond expectations. Yancoal Australia (03668) gained 8%; SouthGobi Resources (01878) rose by 5.6%; and Yankuang Energy (01171) increased by 6.25%.

Newly listed Megaway Intelligent (02692) debuted on the stock exchange, rising by 3.11% in early trading. The company is the largest provider of integrated miniature transmission and drive systems in China.

Xunce Technology (03317) surged over 57% as its revenue for last year doubled to RMB 1.283 billion, and it was officially added to the list of eligible stocks for the Shanghai-Hong Kong Stock Connect program.

MINIMAX (00100) rose over 4%. The ‘shrimp farming boom’ fueled demand for domestically produced models, and the company’s commercialization entered an accelerated phase.

Jushuitan Technology (06687) surged over 14% during trading after being included in the list of eligible stocks for the Shanghai-Hong Kong Stock Connect program. The company leverages AI to empower deeply integrated ERP system solutions.

Dekon Agriculture (02419) rose 6.8% against the market trend as its fully allocated cost for commercial pigs in January dropped to approximately RMB 11.9 per kilogram, maintaining its position in the industry’s top tier.

Jiaxin International Resources (03858) surged over 14%, hitting a new high, after the company was officially added to the Shanghai-Hong Kong Stock Connect list, signaling an impending valuation re-rating.

The smartphone supply chain continued to decline. Rising memory prices impacted the supply chain, with global smartphone panel shipments expected to fall by 7.3%. Hon Hai Precision (06088) dropped by 6.9%; Lens Technology (06613) fell by 6.4%; and Cowell E&A (01415) declined by 5.9%.

Copper stocks continued their downward trend. Citi emphasized that copper prices face significant downside risks in the short term, with inventory accumulation suppressing upward price potential. Luoyang Molybdenum Co., Ltd. (03993) dropped 6.7%; Jiangxi Copper Company Limited (00358) fell 5.4%.

Hong Kong banking stocks continued to decline, with Standard Chartered Group (02888) falling 5%. Geopolitical uncertainties in the Middle East have acted as a short-term driver for Hong Kong bank stock prices.



Source link

Visited 1 times, 1 visit(s) today

Related Article

Hong Kong Stock Market Announcement

Baoji Pharmaceutical-B: KJ101 has received clinical trial approval for a new indication; Zijin Mining leads the establishment of a new fund focusing on investment in the field of new quality productivity. Material Matters: Zijin Mining (02899) Leads the Establishment of a New Fund, Focusing on Investment in New Quality Productivity Fields Weichai Power (02338) and

The Iran-War Playbook for Investors As the Conflict Rattles Markets

Don’t panic. Loading audio narration… That’s the first rule investors should follow when considering how to invest when chaos strikes, and the Iran war is no different, market pros told Business Insider. The conflict-fueled sell-off picked up again on Thursday as the war sent oil prices back to $100 a barrel. The S&P 500 is

Tencent swiftly launched five ‘Lobster’ products; WorkBuddy may become a turning point in the development of AI agents in China (with related Hong Kong stock concept stocks).

Tencent swiftly launched five “lobsters.” The last “lobster” in the combo bucket is currently in internal testing and supports direct conversations via WeChat. March 9$TENCENT (00700.HK)$ It was announced that WorkBuddy, an all-scenario AI agent, has officially launched. This product offers capabilities similar to OpenClaw, with full compatibility for its skills but is more user-friendly

Why Micron Stock Is Sinking Today

Micron (NASDAQ: MU) stock is heading lower in Thursday’s trading amid bearish pressures shaping the broader market. The company’s share price was down 2.8% as of 1:15 p.m. ET. At the same point in the daily session, the S&P 500 and the Nasdaq Composite were down 1.1% and 1.2%, respectively. The memory-chip specialist’s stock was

Hong Kong Stock Market Midday Review

Tencent’s version of the app WorkBuddy, nicknamed ‘Little Lobster,’ has officially launched. Citi stated that there has been a significant shift in the domestic AI paradigm. According to Zhitong Finance, the Hang Seng Index rose by 1.56%, or 396 points, to close at 25,804 points, while the Hang Seng Tech Index increased by 1.4%. The

Better Artificial Intelligence (AI) Stock: Broadcom vs. AMD

Broadcom (AVGO 1.12%) and Advanced Micro Devices (AMD 2.79%) have been trailing Nvidia in the artificial intelligence (AI) chip market in recent years. Still, both companies are now experiencing a nice uptick in their growth thanks to their growing influence in this market. As it turns out, both chip designers have outperformed Nvidia stock in

Does This Deal Make Novo Nordisk Stock a Buy?

Novo Nordisk (NYSE: NVO) has faced several headwinds over the past two years. The company suffered clinical setbacks while losing market share to its biggest competitor, Eli Lilly, in the weight-loss drug space. Another issue it had to contend with was that some online health platforms were selling compounded versions of its famous weight loss

UBS upgrades Rentokil to Buy with 540p target as North America turnaround takes hold

UBS upgrades Rentokil to Buy with 540p target as North America turnaround takes hold Proactive uses images sourced from Shutterstock Rentokil Initial PLC (LSE:RTO), the FTSE 100 pest control and hygiene services group, received a significant vote of confidence on Thursday as UBS upgraded the stock from neutral to buy. The Swiss bank also lifted its

Iran war threatens to upend stocks, bonds and the US dollar

New York  —  Stocks have climbed, bond yields have fallen and the US dollar has weakened across President Donald Trump’s second term so far — market movements the president has welcomed. But the war with Iran is threatening to disrupt that, sending stocks lower and pushing yields and the dollar higher. That complicates the narrative

2 Growth Stocks to Buy and Hold Forever

The best stocks to hold forever are those businesses that benefit from consistent demand, have a long runway of growth, and possess a durable competitive advantage. Once these qualities are present, you can let time and compounding do the rest of the work. Amazon (AMZN 0.78%) and The TJX Companies (TJX 1.12%) fit that profile.

High business confidence! The semiconductor sector in the Hong Kong stock market strengthens again as TianShu ZhiXin surges nearly 30%.

①In the first two months, the export value of integrated circuits increased by nearly 70% year-on-year. How high is the prosperity of the industrial chain? ②The semiconductor sector in Hong Kong’s stock market has once again strengthened. Which specific directions are receiving more market attention? Cailian Press reported on March 10 (Editor: Feng Yi) that

Hong Kong Stock Market Midday Review

According to Zhitong Finance, the Hang Seng Index rose by 0.08%, up 21 points, to close at 25,981 points; the Hang Seng Tech Index increased by 0.26%. The morning trading volume of Hong Kong stocks reached HKD 147.5 billion. CATL (3750.HK) surged over 8% again, with annual net profit increasing by more than 40%. Jefferies

Multiple factors drive the strength of Hong Kong stock energy storage concept; institutions predict a three-year compound annual growth rate of installations potentially reaching 50%.

①Multiple factors are driving the rise of Hong Kong-listed energy storage stocks. Which individual stocks are leading in gains? ②Institutions predict that installation growth could reach a compound annual growth rate (CAGR) of 50% within three years. Which sectors will emerge as new growth drivers? Cailian Press, March 11 (Editor Feng Yi) Driven by explosive

Hong Kong Stock Market Midday Review

Oil stocks continued their upward trend as the impact of strategic petroleum reserve releases weakened, and the ongoing closure of the Strait of Hormuz is expected to further push up oil prices. According to Zhitong Finance APP, the Hang Seng Index fell by 1.23%, or 319 points, to 25,579 points; the Hang Seng Tech Index

0
Would love your thoughts, please comment.x
()
x