BP#CNOOCRC2806F

TOUYUN BIOTECH

ONE MEDIA GROUP

JINYUAN HCHEM

SINO ICT

C FIN INT INV

SINGASIA HLDG

TI CLOUD

MS CONCEPT

WISON ENGRG

CHINA RISUN GP

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On March 12, the three major indices of the Hong Kong stock market consolidated at high levels, with the Hang Seng Index, Technology Index, and National Enterprises Index all experiencing slight pullbacks, indicating a weakening of the previously strong momentum. The oil and gas exploration sector performed strongly due to increased energy demand, with CNOOC rising 4.7% against the trend. The internet and retail sectors showed mixed performance, with Tencent Holdings and Alibaba facing slight pressure. Overall market trading was active, with funds focusing on energy and semiconductor stocks, while sentiment became cautious ahead of the upcoming macroeconomic indicators

- On March 12, Hong Kong's stock indices are experiencing slight declines, with the Hang Seng Index at 25,709.1, down 0.73%.  
- The oil and gas exploration sector leads gains due to increased energy demand, while the internet and retail sectors show mixed performance amid cautious investor sentiment.  
- Key economic indicators such as forex reserves and retail sales are under scrutiny as the global macroeconomic environment influences market risk appetite.

Market Heartbeat

BABA-W

TENCENT

CNOOC

JD-SW

KINGSOFT CLOUD

LI AUTO-W

GOLDWIND

JIAXIN INTL RES

Hong Kong stock market intraday | The Hang Seng Index fell 0.73%, with the oil and gas sector leading the gains, CNOOC rose 4.7% against the trend

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The Hong Kong stock market has seen a decline, with the Hang Seng Index finishing lower for two out of three trading days after a brief winning streak. The index closed at 25,898.76, down 61.14 points or 0.24%. Concerns over the Middle East conflict and rising oil prices are impacting market sentiment. Major stocks like Alibaba and China Life Insurance experienced losses, while CNOOC and Lenovo saw gains. The global market outlook remains uncertain, influenced by mixed performances in the U.S. and European markets.

nasdaq

BABA 2x Long Daily ETF - GraniteShares

Lenovo Group

CSOP HSI ETF

ISHARESHSI

LENOVO GROUP

ISHARESHSI-R

Hang Seng Index

KraneShares 2x Long BABA Daily ETF

ISHARESHSI-U

Hang Seng May Extend Wednesday's Losses

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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

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Shandong Molong

SHANDONG MOLONG

China Universal CSI Oil & Gas Resources ETF

Guotai CSI Oil & Gas Industry ETF

Bosera CSI Oil & Gas Resources Index ETF

Yinhua CSI Oil & Gas Resources ETF

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%

IEA to Unleash Record 400 Million Barrels of Oil from Reserves

Tip Ranks

VanEck Oil Services ETF

SPDR Energy Select

SPDR O&G Ex & Prd

United States Oil Fund LP

ISHRS S&P Glb Engy

Us Brent Oil

iShares US Oil & Gas Expl & Prod

IEA to Unleash Record 400 Million Barrels of Oil from Reserves

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Today, southbound funds had a net purchase of HKD 3.448 billion, with CNOOC, Alibaba-W, and GEELY AUTO ranking the top three, receiving net purchases of HKD 1.039 billion, HKD 698 million, and HKD 532 million, respectively. In terms of net sales, Tencent Holdings, CCB, and ICBC faced net sales of HKD 2.435 billion, HKD 826 million, and HKD 185 million, respectively. (Yicai Global)

36Kr

Hwabao CSI HK Equities Internet ETF

ICBC

GEELY AUTO

Alibaba

Tencent

Tencent Holdings Limited

Tencent Holdings faced a net sell-off of HKD 2.435 billion from southbound funds against the trend

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The three major A-share indices opened slightly higher, with the Shanghai Composite Index at 4,123 points, the Shenzhen Component Index at 14,373 points, and the ChiNext Index at 3,281 points. The central parity rate of the RMB against the USD was reported at 6.8917, reaching a nearly three-year high. International oil prices continued to decline, and the three major oil companies opened lower. Shandong Molong fell by 7.8%. Tongwei Co., Ltd. plans to acquire 100% equity of Lihau Qingneng, and its shares opened 3.1% higher upon resumption. Changling Hydraulic received a tender offer to acquire 12% equity, and its shares opened 5.6% higher upon resumption

AASTOCKS

ChinaAMC CSI Petrochemical Industry ETF

Tongwei Co.,Ltd

Changling Hydraulic

E Fund CSI Petrochemical Industry ETF

PETROCHINA

Sinopec Corp.

SINOPEC CORP

The three major indices of the A-shares in Shanghai and Shenzhen opened slightly higher, the three oil giants have not stopped falling, and Shandong Molong dropped 7.8%

The National Development and Reform Commission of China announced that starting from March 9 at 24:00, the retail prices of gasoline and diesel will be increased by 695 yuan and 670 yuan per ton, respectively, marking the largest single increase since March 2022 and the fourth consecutive increase this year. Companies such as PetroChina, Sinopec, and CNOOC will ensure the production and supply of refined oil, and relevant departments will strengthen market supervision to maintain the implementation of price policies

Tasty Money

The mainland will raise the price of refined oil starting at midnight, with gasoline increasing by 695 yuan per ton

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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

ZPEC

Exxon Mobil

Direxion Daily Energy Bull 2X

SINOPEC SSC

Chevron

VG Energy

BP p.l.c. ADRhedged

SHANGHAI PECHEM

Invesco Great Wall CNI Oil&Gas ETF

Pro Ultr Bloomberg Crude Oil

VanEck Oil Refiners ETF

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.

UNITEDENERGY GP

CHK OIL

ILUVATAR COREX

HORIZONROBOT-W

DRINDA

BEONE MEDICINES

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

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

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

CNOOC-R

BP#CNOOCRC2806F(57461.HK)

Hong Kong stock market intraday | The Hang Seng Index fell 0.73%, with the oil and gas sector leading the gains, CNOOC rose 4.7% against the trend

Hang Seng May Extend Wednesday's Losses

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%

IEA to Unleash Record 400 Million Barrels of Oil from Reserves

Tencent Holdings faced a net sell-off of HKD 2.435 billion from southbound funds against the trend