UBCNOOC@EC2611B

UNI HEALTH

QUANTGROUP

NANFANG COMM

KINTOR PHARMA-B

ILUVATAR COREX

ZIJING INTL FIN

PUTIAN COMM

AE LOGISTICS

JST GROUP

XL2CSOPHYNIX

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JP Morgan has raised the target price for CNOOC to 31 yuan and upgraded the rating to "Overweight." The bank pointed out that if oil prices remain at $80 per barrel in the long term, it will provide significant upside potential for major oil companies, and conflicts in the Middle East may lead to short-term oil prices exceeding $100 per barrel. JP Morgan also raised its earnings per share estimates for CNOOC for 2026 and 2027 by 41% and 19%, respectively. Meanwhile, the target price for CNOOC's A shares has been raised from 30 yuan to 47 yuan, with the rating also upgraded to "Overweight."

AASTOCKS

CNOOC

JP Morgan raised the target price of CNOOC to 31 yuan and upgraded the rating to "Overweight."

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Deutsche Bank warns that the oil price trend bears "striking similarities" to the oil crises of the 1970s: both storms occurred 4-5 years after a surge in inflation, with the epicenter pointing to Iran. However, Deutsche Bank notes that current inflation expectations are stable and the economy is more resilient, making it unlikely to easily fall into the stagflation nightmare caused by the "wage-price spiral" of the 1970s

- Recent fluctuations in oil prices have drawn parallels to the stagflation era of the 1970s, according to Deutsche Bank's Jim Reid.  
- Reid indicates that while the current global energy market resembles the trajectory preceding the second oil crisis, economic structures have changed significantly, suggesting that a repeat of 1970s-style stagflation is unlikely.  
- He emphasizes that the historical cycles could depend on the duration of the current conflict, as market pricing does not completely reflect the risks of prolonged supply disruptions.

Wallstreetcn

Sinopec Corp.

ZPEC

Bosera CSI Oil & Gas Resources Index ETF

Exxon Mobil

SINOPEC CORP

Direxion Daily Energy Bull 2X

SINOPEC SSC

Chevron

VG Energy

Guotai CSI Oil & Gas Industry ETF

VanEck Oil Services ETF

PETROCHINA

BP p.l.c. ADRhedged

ISHRS S&P Glb Engy

China Universal CSI Oil & Gas Resources ETF

SHANGHAI PECHEM

Invesco Great Wall CNI Oil&Gas ETF

Pro Ultr Bloomberg Crude Oil

E Fund CSI Petrochemical Industry ETF

VanEck Oil Refiners ETF

United States Oil Fund LP

Shell plc ADRhedged

Shell

iShares US Oil Equip & Svcs

Astonishing historical similarities! After the surge in oil prices, will the "1970s stagflation nightmare" reoccur?

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On March 10, 2026, Hong Kong stocks collectively rose during the trading session, with the Hang Seng Index up 1.19% at 25,709.86 points, and the Hang Seng Tech Index approaching the 5,000-point mark. The internet content and retail sectors led the gains, with major stocks like Tencent Holdings, Alibaba, and JD.com significantly rising, boosting market risk appetite. Meanwhile, the oil and gas sector was pressured by weakening oil prices, with China National Offshore Oil Corporation falling over 2%. On the macro front, employment and foreign exchange remained stable, with funds focusing on the pace of domestic demand recovery

- As of March 10, 2026, Hong Kong stocks rose collectively, with the Hang Seng Index gaining 1.19% to 25,709.86 points amidst improved risk appetite, yet falling short of breaking through previous highs.  
- Key sectors included internet content, where Tencent increased by 3.10%, and retail, reflected by gains from Alibaba and JD.com, while oil and gas stocks fell sharply due to declining international prices.  
- Macroeconomic indicators showed stability in forex reserves and unemployment, prompting investor focus on retail sales and manufacturing for potential growth opportunities.

Market Heartbeat

TENCENT

BABA-W

JD-SW

UNITEDENERGY GP

CHK OIL

HORIZONROBOT-W

DRINDA

BEONE MEDICINES

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Tencent

Tencent Holdings Limited

Hong Kong Stock Market Update | Hang Seng Index rises 1.19%, Tencent and Alibaba lead the market

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Oil and gas equipment and service stocks significantly retraced today after a sharp rise yesterday, with Shandong Molong down 17.53% and PETRO-KING down 20.75%. International oil prices fell by about 10% due to Trump's statement that the war with Iran may end and consideration of easing sanctions on Russian oil. CHK OIL dropped 20.19%, and SINOPEC SSC fell 7.56%. Both CNOOC and PETROCHINA were down over 2%

PETRO-KING

SHANDONG MOLONG

Shandong Molong

ChinaAMC CSI Petrochemical Industry ETF

Yinhua CSI Oil & Gas Resources ETF

Oil service stocks significantly retraced, Shandong Molong fell 17%, PETRO-KING dropped 21%

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The three major A-share indices opened higher, with the Shanghai Composite Index at 4,098 points, the Shenzhen Component Index at 14,239 points, and the ChiNext Index at 3,281 points. The central parity rate of the RMB against the USD was reported at 6.8982, reaching a new high for 2023. CATL opened 4.9% higher and plans to distribute a cash dividend of 69.57 yuan. The three major oil companies opened lower due to a decline in international oil prices, with CNOOC dropping nearly 10%. Power and grid equipment stocks continued to rise, with GCLET opening 3.9% higher

CATL

GCLET

The three major A-share indices of Shanghai and Shenzhen opened higher, with the ChiNext rising 2.3%. The three oil giants quickly rebounded, and CATL rose nearly 5% after earnings

G7 finance ministers, led by Japanese Finance Minister Satsuki Katayama, are urging relevant departments to coordinate the release of emergency oil reserves in response to the impact of the Middle East situation on global trade and economic conditions. A joint statement from the G7 will outline specific measures, including the release of these reserves.

CoinLive

G7 finance ministers will push relevant departments to coordinate the release of emergency oil reserves.

Chinese energy stocks surged as Middle East tensions drove crude oil prices to a near four-year high. China National Offshore Oil Corporation rose 7.1%, PetroChina increased by 5%, and Sinopec gained 1.7%. Since March, CNOOC's stock has climbed 21%, while PetroChina and Sinopec have risen 19% and 8%, respectively. Crude oil prices soared nearly 30% to around $120 per barrel, influenced by military actions in Iran and production cuts from UAE and Kuwait. Future price movements depend on the resumption of shipping through the Strait of Hormuz, with potential for significant global supply shortages if disruptions continue.

Yicai

Chinese Oil, Gas Stocks Surge as Middle East Crisis Drives Up Prices

China makes biggest retail fuel price cap increase in four years amid Iran war

marketscreener

China Universal CSI Energy ETF

ICBCCS CSI Guoxin Central-SOEs Modern Energy ETF

GF CSI All Share Energy ETF

Penghua CNI Oil&Gas ETF

China makes biggest retail fuel price cap increase in four years amid Iran war

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The Hang Seng Index closed down 348 points, influenced by the situation in the Middle East, with international oil prices surpassing $100, leading to a general decline in Asian stock markets. Hong Kong stocks once fell by 851 points, hitting a low of 24,906 points, but due to significant buying from northbound capital and some AI application stocks rising against the trend, it ultimately closed at 25,408 points. The trading volume increased to HKD 392.3 billion, with northbound capital turning into an inflow of HKD 37.214 billion. Some oil stocks rose against the trend, with CNOOC up 3.3% and PetroChina up 2.3%. Most blue-chip newcomers weakened, with China Molybdenum down 5.2%

Stheadline

Hang Seng Index

CNOOC F13 N4305

CNOOC F13 N2909

CNOOC F03 N3305

China Southern Hang Seng ETF

The Hang Seng Index closed down 348 points, AI application stocks were favored against the trend, and new Hong Kong Stock Connect stocks were speculated, with XunCe soaring by 50% | Hong Kong Stock Market Opening

The Hang Seng Index closed at 25,408 points today, down 348 points or 1.4%. Northbound capital inflow reached HKD 37.214 billion, setting a new historical high. The conflict between the U.S. and Israel has impacted oil prices, with New York crude oil briefly soaring to USD 119. U.S. bond yields rose, leading to a general decline in the stock market. Real estate stocks fell due to inflation concerns, while oil stocks saw CNOOC rise by 3.3%

"Market Review" Hang Seng Index holds at 25,000, Northbound capital net inflow of 37.2 billion hits a new high, CNOOC rises over 3%

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Hong Kong stocks fell due to pressure from external markets, with the Hang Seng Index closing down 348 points at 25,408 points. The National Index and the Hang Seng Tech Index fell by 46 points and 5 points, respectively. The total trading volume for the day was HKD 392.33 billion. Oil prices surpassed USD 100 per barrel, leading to mixed performance among oil stocks, with PetroChina and CNOOC rising, while Kunlun Energy and Sinopec Corp. fell. Financial stocks generally declined, and real estate stocks were also affected by inflation concerns

MINIMAX-WP

"Hong Kong Stocks" Hang Seng Index closed down 348 points, OpenClaw concept heated up, MiniMax rose 24% against the trend

On March 9, 2026, the three major indices of the Hong Kong stock market collectively closed lower, with the Hang Seng Index down 1.35%, hindered by previous high resistance. On the market, the internet content and retail sectors showed weakness due to declining consumer demand, while the oil and gas exploration sector strengthened against the trend, with CNOOC rising 3.31% and Shandong Molong surging 25.06%. Market trading was active, with Tencent, Alibaba, and leading oil and gas companies topping the trading volume, but short-term sentiment leaned towards caution

- On March 9, 2026, Hong Kong's major indices declined, with the Hang Seng Index falling 1.35% to 25,408.46 points, unable to break the peak from March 6.  
- The oil and gas exploration sector outperformed, driven by rising international oil prices, while the retail sector faced declines due to concerns over consumer demand.  
- Investor focus remains on economic recovery indicators, with macro policy developments and improvement in economic data being key variables for market momentum.

SENSETIME-W

MNSO

CHINA COAL

MENGNIU DAIRY

LI AUTO-W

GANFENGLITHIUM

Hong Kong Stock Market Closing | The Hang Seng Index fell 1.35%, the oil and gas sector rose against the trend, Shandong Molong increased by 25%

$CNOOC(00883.HK) has performed well these days.

CNOOC-R

UBCNOOC@EC2611B(26707.HK)

JP Morgan raised the target price of CNOOC to 31 yuan and upgraded the rating to "Overweight."

Astonishing historical similarities! After the surge in oil prices, will the "1970s stagflation nightmare" reoccur?

Hong Kong Stock Market Update | Hang Seng Index rises 1.19%, Tencent and Alibaba lead the market

Oil service stocks significantly retraced, Shandong Molong fell 17%, PETRO-KING dropped 21%

The three major A-share indices of Shanghai and Shenzhen opened higher, with the ChiNext rising 2.3%. The three oil giants quickly rebounded, and CATL rose nearly 5% after earnings