Aluminum stocks collectively surged. The escalation of the Middle East situation triggered concerns over the stability of the electrolytic aluminum supply chain.
According to Zhitong Finance, the Hang Seng Index fell by 2.78%, or 716 points, to 25,051 points; the Hang Seng Tech Index dropped by 1.96%. The morning session turnover of Hong Kong stocks reached HKD 207.6 billion.
Large-scale models rose against the market trend. Zhilai (02513) surged over 3.8%; MINIMAX (00100) increased by another 0.37%. Last year’s performance exceeded expectations, and the company’s global competitiveness continues to strengthen.
Aluminum stocks collectively rose. Escalation of tensions in the Middle East triggered concerns about the stability of the electrolytic aluminum supply chain. Chalco (02600) rose by 4.2%; China Hongqiao (01378) gained 3.76%.
Dongfang Electric (01072) surged over 10% against the market trend. Citi noted that the company has secured orders for 20 units of 50MW gas turbines.
CSSC Offshore & Marine Engineering (00317) rose by 3%. Rising geopolitical risks may intensify a global arms race.
Jiaxin International Resources (03858) surged over 8%. The tungsten market remains hot, and institutions are optimistic about continued price increases.
COSCO Shipping Energy Transportation (01138) plummeted over 11% during trading. The U.S. is considering providing military protection and insurance for oil tankers in the Strait of Hormuz.
Aviation stocks fell again. Geopolitical risks triggered a global wave of flight suspensions. Rising oil prices will further increase pressure on airline operations. Cathay Pacific (00293) dropped by 4%; China Eastern Airlines (00670) fell by 4%.
Oil stocks collectively declined. The three major oil companies issued collective risk warnings. Trump stated that he would provide naval escorts and tanker insurance. COSL (02883) fell over 7%; PetroChina (00857) dropped by 4.4%.
Sino-Hong Kong Petroleum (00632) plunged over 38%. The Hong Kong Stock Exchange criticized Yujiyuan, Chairman of Sino-Hong Kong Petroleum, for improper handling of oil field assets.
