--- title: "The US-Iran negotiations remain unresolved, the Hang Seng Index opened up 81 points, China Mobile slightly rose after its earnings report, and VGT surged 57% on its debut ｜ Hong Kong stock market opens" type: "News" locale: "en" url: "https://longbridge.com/en/news/283422166.md" description: "The negotiations for a ceasefire agreement between the U.S. and Iran have failed, leading to heightened tensions in the Middle East. The three major U.S. stock indices fell slightly on Monday, while international oil prices rebounded. The Hang Seng Index opened 81 points higher at 26,442 points, with mixed performance among tech stocks. VGT surged 57% on its debut, while China Mobile's revenue saw a slight increase in the first quarter, resulting in a modest rise in its stock price" datetime: "2026-04-21T01:35:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283422166.md) - [en](https://longbridge.com/en/news/283422166.md) - [zh-HK](https://longbridge.com/zh-HK/news/283422166.md) --- # The US-Iran negotiations remain unresolved, the Hang Seng Index opened up 81 points, China Mobile slightly rose after its earnings report, and VGT surged 57% on its debut ｜ Hong Kong stock market opens The ceasefire agreement between the U.S. and Iran will expire on Wednesday, but negotiations between the two sides remain unresolved, causing tensions in the Middle East to rise again and leading to another blockade of the Strait. U.S. President Trump stated that if no agreement is reached in the U.S.-Iran negotiations, it will be "extremely unlikely" to extend the ceasefire agreement. All three major U.S. stock indices fell on Monday, but the impact was less severe than in the past. The Dow Jones closed down 4 points or 0.01%, at 49,442 points; the S&P 500 fell 16 points or 0.24%, at 7,109 points; the Nasdaq dropped 64 points or 0.26%, at 24,404 points. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it retreated 0.32% to 7,207 points on Monday. International oil prices rebounded on Monday, with Brent crude rising over 5.6% to $95.48, while New York futures oil increased over 6.8% to $89.61. Spot gold prices continued to weaken, falling 0.25% to $4,820 on Monday. ## Apple CEO Tim Cook to Step Down on September 1 Among the focus stocks in the U.S. market, Apple (AAPL) announced that CEO Tim Cook will step down on September 1, to be succeeded by hardware chief John Ternus. The stock closed at $273.05 on Monday, up over 1%; it then fell 0.55% to $271.55 in after-hours trading. In the Hong Kong stock market, the Hang Seng Index opened 81 points higher at 26,442 points. Tech stocks showed mixed developments, with Alibaba (9988) rising 0.9% at the open; Tencent (700) up 0.1%; Meituan (3690) up 0.8%; Xiaomi (1810) unchanged; JD.com (9618) up 0.6%; and Baidu (9888) up 1.6%. ## VGT International Placement Oversubscribed 17.5 Times VGT (2476) announced that its public offering was oversubscribed over 430 times, with a one-hand winning rate of 0.71%, and the international placement was oversubscribed 17.5 times. The stock opened at HKD 330, up over 57%. China Mobile (941) announced its first-quarter results, with operating revenue of RMB 266.5 billion, a slight year-on-year increase of 1.0%; net profit of RMB 29.3 billion, a year-on-year decrease of 4.2%; and EBITDA of RMB 76.7 billion, a year-on-year decline of 5%. The stock opened at HKD 82, up 0.2%. Related article: China Mobile's first-quarter EBITDA falls 5%, revenue from cloud computing and other businesses increases by 12.7%. ## Xtep's Main Brand Sales Show Low Single-Digit Growth Xtep International (1368) announced that its main brand's retail sales (including online and offline channels) recorded low single-digit growth year-on-year in the first quarter; the retail discount level was between 70% to 75%; channel inventory turnover was about 4.5 months. For Saucony, retail sales grew over 20% year-on-year. The stock opened at HKD 4.67, up 0.4%. Regarding the northbound capital flow, there was a net sell of HKD 3.909 billion yesterday, with China Construction Bank (939), Pop Mart (9992), and CNOOC (883) receiving net purchases of HKD 573 million, HKD 409 million, and HKD 355 million, respectively; while the Tracker Fund (2800), Southern Hang Seng Technology (3033), and Xiaomi (1810) faced net sells of HKD 3.478 billion, HKD 1.111 billion, and HKD 77.63 million, respectively The Vice Chairman of the Hong Kong Securities Analysts Association, Tsang Wing Kin, stated that internal political divisions in Iran may lead to recurring armed conflicts, and oil prices have the opportunity to rise above the $100 per barrel mark, which would suppress the Asia-Pacific stock market. 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