Market Roundup

The US-Israeli military strikes against Iran triggered a surge in oil prices and a decline in Asia-Pacific stock markets. The HSI opened 324 points lower and subsequently fell as much as 747 points, closing down 570 points or 2.1% at 26,059. The HSCEI fell 157 points or 1.8% to 8,701, and the HSTECH fell 148 points or 2.9% to 4,989. Total market turnover was HK$357.7bn. Oil prices surged significantly, with PetroChina (0857) and CNOOC (0883) rising 4.1% and 5.6% respectively, and CNOOC Services (2883) rising 7%. Among energy transportation stocks, COSCO Shipping Energy Transportation (1138) rose 7%.

Source: KGI Investment Products and Solutions Department

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