--- title: "Oil prices are approaching $100 again, the Hang Seng Index opened down 179 points, CNOOC is up, Shandong Molong is up 15%, Guotai Junan International is down over 4%" type: "News" locale: "en" url: "https://longbridge.com/en/news/278801357.md" description: "International oil prices are approaching $100, and the Hang Seng Index opened down 179 points. Tencent launched HaS Anonymizer, with a slight drop in stock price. Technology stocks generally fell, while JD.com rose against the trend. CNOOC and other oil stocks rose due to the rebound in oil prices, with Shandong Molong up nearly 15%. Guotai Junan International's stock price fell over 4% due to the Securities and Futures Commission's investigation. The market is concerned that rising oil prices may trigger inflation, leading to a drop in gold prices. Northbound funds net bought HK stocks worth HKD 3.448 billion" datetime: "2026-03-12T01:30:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278801357.md) - [en](https://longbridge.com/en/news/278801357.md) - [zh-HK](https://longbridge.com/zh-HK/news/278801357.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278801357.md) | [繁體中文](https://longbridge.com/zh-HK/news/278801357.md) # Oil prices are approaching $100 again, the Hang Seng Index opened down 179 points, CNOOC is up, Shandong Molong is up 15%, Guotai Junan International is down over 4% 0925: International oil prices are approaching $100 again, and the Hong Kong stock market opened lower, with the Hang Seng Index down 179 points at 25,719 points. Tencent (700) announced the official launch of HaS Anonymizer by its Xuanwu Lab for "lobster" data security protection, which includes functions such as privacy scanning, privacy de-sensitization, document de-sensitization, image de-sensitization, and privacy restoration; at the same time, Tencent Cloud, a subsidiary of Tencent, also announced a price increase for the Hunyuan model Token. The stock opened at HKD 550.5, down 0.27%. Other tech stocks also generally declined, with Alibaba (9988) down 1.95%; Meituan (3690) down 1.16%; Xiaomi (1810) down 0.78%; Baidu (9888) down 0.66%, while JD.com (9618) rose 0.28% against the trend. MINIMAX (100) and Zhipu (2513) rose 1.7% and 2.5%, respectively. As oil prices rebounded, oil stocks rose against the trend, with CNOOC (883) up 1.85%; PetroChina (857) up 1.62%; and Sinopec (632) up nearly 9%; in the oil service sector, Shandong Molong (568) opened up nearly 15%, and Baqian Oil Services (2178) also rose over 8%. However, the market is concerned that rising oil prices may trigger inflation and interest rate hike expectations, with gold prices dropping 0.5% to $5,154 this morning, and gold-related stocks slightly declining, with Zijin (2899) down 0.65%; Zhaojin (1818) down 1%; and Shandong Gold (1787) down 0.15%. In individual stock news, Guotai Junan International (1788) announced this morning that the Securities and Futures Commission and the Independent Commission Against Corruption visited the company's main business location in Hong Kong on Tuesday (10th) to execute a search warrant and took away some documents; at the same time, an employee who is not a board member was detained by the ICAC for investigation. The company attaches great importance to this matter and will continue to closely monitor its development. The stock opened at HKD 2.51, down over 4%. Regarding the northbound capital flow, a net purchase of HKD 3.448 billion in Hong Kong stocks was recorded yesterday, with CNOOC (883), Alibaba (9988), and Geely Automobile (175) receiving net purchases of HKD 1.039 billion, HKD 698 million, and HKD 532 million, respectively; while Tencent (700), China Construction Bank (939), and Industrial and Commercial Bank of China (1398) saw net sales of HKD 2.435 billion, HKD 826 million, and HKD 185 million, respectively. ————— **0855:** U.S. President Trump stated that there are "almost no targets left to strike" in Iran, and the conflict is "about to end," but U.S. and Israeli officials have indicated that no internal orders to cease military operations have been received yet. In addition, member countries of the International Energy Agency (IEA) plan to release a total of 400 million barrels of oil reserves globally, the largest scale in history, with the U.S. planning to release 172 million barrels. ## Iraqi Oil Tankers Encounter Unidentified Attacks However, according to foreign media reports, Iran indicated that as its military attacked merchant ships on Wednesday, the world should prepare for oil prices to reach $200. On the other hand, Iraqi officials reported that two foreign oil tankers carrying Iraqi fuel oil encountered unidentified attacks in Iraqi territorial waters, resulting in a fire and the death of one crew member. This news stimulated international oil prices to rise, with Brent crude oil rising over 7% to $98.58, and WTI crude oil rising over 6% to $92.89On Wednesday, the three major U.S. stock indices developed as follows: the Dow Jones Industrial Average fell by 289 points or 0.61%, closing at 47,417 points; the S&P 500 index dropped by 5 points or 0.08%, closing at 6,775 points; while the Nasdaq rose by 19 points or 0.08%, closing at 22,716 points. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it fell by 0.77% to 7,167 points on Wednesday. In the Asia-Pacific stock market, the Nikkei 225 index temporarily fell by 1.3% to 54,309 points; the Korea Composite Stock Price Index slightly declined by 0.01% to 5,609 points ### Related Stocks - [CNOOC (00883.HK)](https://longbridge.com/en/quote/00883.HK.md) - [Shandong Molong (002490.CN)](https://longbridge.com/en/quote/002490.CN.md) - [SHANDONG MOLONG (00568.HK)](https://longbridge.com/en/quote/00568.HK.md) - [China Universal CSI Oil & Gas Resources ETF (159309.CN)](https://longbridge.com/en/quote/159309.CN.md) - [Guotai CSI Oil & Gas Industry ETF (561360.CN)](https://longbridge.com/en/quote/561360.CN.md) - [Bosera CSI Oil & Gas Resources Index ETF (561760.CN)](https://longbridge.com/en/quote/561760.CN.md) - [Yinhua CSI Oil & Gas Resources ETF (563150.CN)](https://longbridge.com/en/quote/563150.CN.md) ## Related News & Research - [CNOOC Says Unaware of Reason for Share Price Movement](https://longbridge.com/en/news/277741273.md) - [CNOOC's Actual Controller Boosts Shareholding](https://longbridge.com/en/news/277784378.md) - [Dollar Moves Higher on Latest Oil Price Spike](https://longbridge.com/en/news/278414393.md) - [G7 Weighs Oil Reserve Release as Prices Surge](https://longbridge.com/en/news/278576031.md) - [Oil market volatility set to persist, Mohamed El-Erian warns](https://longbridge.com/en/news/278608969.md)