--- title: "The Strait of Hormuz is closed again, oil prices rebound, the Hang Seng Index opens down 136 points, Alibaba falls nearly 3% | Hong Kong stock market opens" type: "News" locale: "en" url: "https://longbridge.com/en/news/282117376.md" description: "The Strait of Hormuz has been closed due to Israel's attack on Lebanon, causing international oil prices to rebound, with WTI and Brent crude futures both rising over 3%. The three major U.S. stock indices rebounded, with the S&P 500 and Nasdaq both increasing. The Hong Kong stock market's Hang Seng Index opened 136 points lower, with Alibaba falling nearly 3%. Link REIT announced the sale of its retail property in Singapore for SGD 250 million, with the transaction expected to be completed in the second quarter" datetime: "2026-04-09T01:31:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282117376.md) - [en](https://longbridge.com/en/news/282117376.md) - [zh-HK](https://longbridge.com/zh-HK/news/282117376.md) --- # The Strait of Hormuz is closed again, oil prices rebound, the Hang Seng Index opens down 136 points, Alibaba falls nearly 3% | Hong Kong stock market opens The US and Iran announced a temporary ceasefire for two weeks earlier and plan to hold the first round of talks in Islamabad, Pakistan, on Saturday (11th), which triggered a sharp drop in oil prices and a rebound in the three major US stock indices. The Dow Jones rose 1,325 points or 2.85% to 47,909 points; the S&P 500 rose 165 points or 2.51% to 6,782 points; the Nasdaq rose 617 points or 2.8%. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it rose over 3% to 6,876 points. ## The "Negotiation Basis" Between the US and Iran Has Been Destroyed However, Iranian Parliament Speaker Mohammad Baqer Qalibaf stated that three key clauses of the ten ceasefire terms proposed by Iran have been violated, and the "negotiation basis" has been destroyed. At the same time, after Israel's attack on Lebanon, Iran also halted the passage of oil tankers through the Strait of Hormuz. Affected by this news, international oil prices rebounded, with WTI crude oil futures and Brent crude oil futures both rising over 3%, while spot gold prices fell nearly 0.4% to around $4,700. ## Minutes: The US Faces "Bilateral Risks" On the other hand, the US Federal Reserve released the minutes of the March meeting last night, indicating that some officials believe the Iranian conflict poses "bilateral risks" to the US economy. On one hand, a prolonged conflict may impact the labor market and necessitate interest rate cuts, but the rising inflation risk may simultaneously require interest rate hikes. In the Hong Kong stock market, the Hang Seng Index opened down 136 points at 25,756 points. Technology stocks generally declined, with Alibaba (9988) opening down 2.7%; Tencent (700) down 0.3%; Meituan (3690) down 1.4%; JD.com (9618) down 1.7%; and Xiaomi (1810) down 1.3%. Additionally, Kuaishou (1024) fell over 2.5%. Oil-related stocks rebounded, with CNOOC (883) rising 1.3%, while PetroChina (857) remained unchanged; in the oil service sector, Shandong Molong (568) rose 6%, and Baqian Oil Services (2178) rose 7.7%. ## Link REIT Sells Retail Property in Singapore In individual stock news, Link REIT (823) announced it will sell its retail property "Swing By @ Thomson Plaza" in Singapore for SGD 250 million (approximately HKD 1.54 billion), with the transaction expected to be completed in the second quarter of this year. The group's Chief Investment Officer, Song Junyan, stated that this sale will realize the value appreciation of Link REIT's assets and, with funds exceeding short-term needs, will allow it to return capital to unit holders. The stock opened at HKD 37.7, up 0.3%. ## Chalco Expects to Earn Up to 58% More China Aluminum (2600) issued a profit warning, expecting a net profit of RMB 5.302 billion to RMB 5.585 billion in the first quarter of this year, an increase of 50% to 58% year-on-year; the net profit excluding non-recurring gains and losses is expected to be RMB 5.137 billion to RMB 5.42 billion, an increase of 49% to 58% year-on-year. The stock opened at HKD 12.4, unchanged. ## Green Tea Faces Major Shareholder's Share Sale Green Tea Group (6831) faced a total sale of 106 million shares by its major shareholder Partners Gourmet, accounting for approximately 15.96% of the total issued shares, with the placement expected to be completed by April 13. The stock opened at HKD 8.85, down 0.2% In terms of the direction of Northbound capital, yesterday saw a net sell of HKD 21.574 billion in Hong Kong stocks, with Alibaba (9988), Kuaishou (1024), and Pop Mart (9992) receiving net purchases of HKD 1.999 billion, HKD 299 million, and HKD 297 million respectively; while the Tracker Fund of Hong Kong (2800), Xiaomi (1810), and Chengdu Xinguang (6869) experienced net sells of HKD 8.876 billion, HKD 2.421 billion, and HKD 1.783 billion respectively ### Related Stocks - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [002828.CN](https://longbridge.com/en/quote/002828.CN.md) - [603353.CN](https://longbridge.com/en/quote/603353.CN.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [BABX.US](https://longbridge.com/en/quote/BABX.US.md) - [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) ## Related News & Research - [GLOBAL MARKETS-Equities turn around on renewed Middle East hopes, oil loses some steam](https://longbridge.com/en/news/282229822.md) - [Crude Prices Fluctuate on Iran War Headlines](https://longbridge.com/en/news/281776883.md) - [ProShares Ultra Bloomberg Crude Oil Shares Fall As Oil Tumbles On Iran Ceasefire Hopes](https://longbridge.com/en/news/282089352.md) - [BREAKINGVIEWS-Iran war will leave lasting scars on energy market](https://longbridge.com/en/news/282008303.md) - [Wall Street Might Open Broadly Up](https://longbridge.com/en/news/281758027.md)