MBPETCH@EC2603A(17567.HK)

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MBPETCH@EC2603A

17567.HK

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The Hang Seng Index's gains expanded to over 400 points, reaching a four-and-a-half-year high, led by weighted financials, the three major oil companies, local real estate, and Chinese telecom stocks, while gold mining stocks surged along with gold prices

The Hang Seng Index's gain has expanded to over 400 points, reaching a four-and-a-half-year high, currently reported at 27,562 points, up 435 points or 1.6%. Major financial stocks performed strongly, with HSBC rising 2.5%, BOC HONG KONG up 1.6%, and STANCHART increasing by 2.2%. Chinese telecom stocks and the three major oil companies also rebounded with the market, rising between 3.9% and 4%. Local property stocks continue to be strong, with the private residential price index reaching a one-and-a-half-year high

AASTOCKS·Yesterday at 11:08

AASTOCKS·Yesterday at 11:08

Asia Naphtha/Gasoline-Gasoline margin plunges below $6/bbl

Asia's gasoline refining profit margin has dropped below $6 per barrel, falling to $5.19 from $6.03 a day earlier due to high supply in the market. Pertamina, Indonesia's state energy firm, anticipates a 3.9% increase in 2026 sales of its 90-octane gasoline. Analysts note that refineries returning from maintenance have added to supply, while high inventories in the West persist. Additionally, PetroChina has halted purchases of Venezuelan crude following U.S. control over its oil exports. Oil prices rose slightly due to a winter storm affecting U.S. production, but supply from Kazakhstan limited gains.

Reuters·01/27/2026 19:41

Reuters·01/27/2026 19:41

The Shangai Composite Index Closes 0.05% Lower

The Shangai Composite Index fell -2 points or 0.05 percent on Monday to close at 4134 points.Leading the losses are Aisino (-7.04%), Avic Shenyang Aircraft (-4.88%) and BAIC BluePark (-4.62%).Top gainers were China Molybdenum (7.34%), China Railway (7.16%) and Petrochina (6.00%).

Trading Economics·01/26/2026 15:16

Trading Economics·01/26/2026 15:16

China's core photovoltaic materials have achieved a key breakthrough, and the gas-phase method for producing polyolefin elastomers has been scaled up for production

China has made a key breakthrough in the core material of photovoltaic polyolefin elastomers, achieving large-scale production using the gas-phase method at the Dushanzi Petrochemical in Xinjiang. This progress will effectively reduce dependence on imports. Polyolefin elastomers combine the processability of plastics with the high elasticity of rubber, making them a core raw material for emerging industries such as photovoltaics. Since 2015, technicians have been dedicated to tackling this technology, and it is expected that by 2025, Dushanzi Petrochemical will have produced a cumulative total of 58,000 tons

Wallstreetcn·01/26/2026 06:56

Wallstreetcn·01/26/2026 06:56