SG#CNOOCRC2812J

XUNCE

SFSY NEW MAT

SUNWAY INT'L

CARSGEN-B

F GX OIL

HIDILI INDUSTRY

PETRO-KING

YST DAIRY

SHANDONG MOLONG

F SAMSUNG OIL

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Asian energy stocks surged as oil prices soared past $100 a barrel amid escalating Middle East conflict, raising concerns over supply disruptions. Major companies like Cnooc, PetroChina, and Sinopec saw significant gains in both mainland and Hong Kong markets. Investors are reacting to potential lasting damage to energy infrastructure, particularly in the Strait of Hormuz, which is crucial for global oil transport. Analysts warn that prolonged conflict could severely impact global oil supply, affecting net oil-importing Asian economies.

MorningStar

SINOPEC N4704

CNOOC F03 N3305

CNOOC

CNOOC F13 N4305

SINOPEC N3005

SINOPEC CORP

Sinopec Corp.

SINOPEC N2911

PETROCHINA

SINOPEC SSC

CNOOC F13 N2909

Asian Energy Stocks Surge, Mirroring Oil Prices as Mideast Conflict Grows

AASTOCKS

JP Morgan's investment ratings and target prices for the "Three Oil Giants" (Table)

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Affected by the external market, the Hong Kong stock market opened lower, with the Hang Seng Index briefly falling to 24,906 points, ultimately closing down 656 points or 2.6% at 25,101 points. Real estate, aviation, and local financial stocks generally declined, with China Southern Airlines and Cathay Pacific dropping 5.5% and 6% respectively, while HSBC and Hong Kong Exchanges and Clearing fell 3.6% and 2.6%. CNOOC rose against the trend by 7%. The total turnover of the market for the half day was HKD 219.339 billion

COSL

CATHAY PAC AIR

CHINA SOUTH AIR

CHINA EAST AIR

"Hong Kong Stocks" The Hang Seng Index fell 656 points in the half-day session, with weakness in real estate, aviation, and local financial stocks, while CNOOC rose by 7%

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Fitch Ratings has assigned a long-term local currency issuer default rating of "A-" to CHINA OILFIELD SERVICES, with a "stable" outlook. At the same time, the RMB-denominated offshore secured bonds proposed to be issued by COSL Singapore Capital Ltd. also received an "A-" rating, with the bonds guaranteed by COSL. CHINA OILFIELD SERVICES plans to use the raised funds for refinancing existing debt and general corporate purposes. The rating of CHINA OILFIELD SERVICES is closely linked to the assessment results of its parent company CNOOC

CHINA OILFIELD

Fitch assigns COSL a local currency issuer rating and a proposed bond rating of "A-"

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The ongoing US-Iran conflict has caused significant disruptions in global energy markets, leading to a 24% surge in Brent crude prices. Goldman Sachs identifies two Chinese energy companies, CNOOC and PetroChina, as top investment opportunities amid this volatility. CNOOC, focused on exploration and production, is expected to benefit from rising oil prices, while PetroChina's integrated operations position it well to manage supply uncertainties. Both companies are seen as strong candidates for investors looking to hedge against geopolitical risks and capitalize on potential cash flow growth.

Invezz

CHINA BLUECHEM

Two must-own China stocks poised to rally on higher oil prices

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As of noon on March 9, 2026, all three major indices of the Hong Kong stock market fell, with the Hang Seng Index down 2.55% and the Technology Index down 2.34%. The oil and gas exploration sector strengthened against the trend due to rising oil prices, with CNOOC rising 6.99% leading the trading volume. The internet and retail sectors were generally under pressure, with market risk appetite clearly declining and overall market sentiment being cautious

- As of March 9, 2026, Hong Kong's major stock indices faced pressure, with the Hang Seng Index falling 2.55% to 25,101.16, and other indices similarly declined.  
- The oil and gas exploration sector gained, with CNOOC up 6.99%, while tech stocks like Tencent and Baidu experienced losses due to high valuation pressures.  
- Investor sentiment remains cautious, heavily influenced by external economic changes, as trading activity focuses on defensive sectors despite overall weak market conditions.

Market Heartbeat

TENCENT

BIDU-SW

KUAISHOU-W

BABA-W

MNSO

UNITEDENERGY GP

KINGSOFT CLOUD

MENGNIU DAIRY

YANCOAL AUS

Hong Kong Stock Market Mid-Review | Hang Seng Index down 2.55%, CNOOC up 6.99%

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36Kr learned that the three major indices of A-shares collectively fell during the midday break, with the Shanghai Composite Index down 1.13%, the Shenzhen Component Index down 2.14%, and the ChiNext Index down 2.42%; the oil and gas, and coal sectors surged collectively, with CNOOC approaching the daily limit, PetroChina and China Coal Energy rising over 7%, and China Shenhua rising over 6%; the power grid equipment sector strengthened, with SAC and San Bian Sci-Tech hitting the daily limit; computing power stocks declined, with Robotech falling over 10% and Yuanjie Technology falling over 8%

36Kr

CHINA COAL

CSEC/China Shenhua

China Coal Energy

San Bian Sci-Tech

CHINA SHENHUA

The three major A-share indices collectively fell at the midday break, while the power grid equipment sector strengthened

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On March 9th, during intraday trading of Hong Kong stocks, the three major indices collectively fell, with the Hang Seng Index dropping over 3.1% and falling below the key level of 25,000 points. Overall market sentiment was weak, with the internet and retail sectors leading the decline, and core stocks such as Alibaba and Baidu showing significant losses. In stark contrast, the oil and gas exploration sector surged across the board, with CNOOC rising over 6%, and many industry stocks recording significant gains, indicating a clear intention for capital to seek safety

- As of March 9, major indexes in Hong Kong have collectively declined, with the Hang Seng Index down 3.13% to 24,950.56 points, failing to surpass previous highs.  
- The oil and gas exploration sector rose significantly, with China National Offshore Oil Corporation increasing by 6.46%, while tech stocks like Baidu fell by 5.36%.  
- Overall market sentiment is weak, with investor risk appetite decreasing amid uncertain macroeconomic conditions, affecting liquidity and economic outlook.

JD-SW

HSBC HOLDINGS

Hong Kong Stock Market Update | The Hang Seng Index falls below 25,000 points, while the oil and gas sector rises against the trend by over 6%

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The Hong Kong stock market opened significantly lower in the morning, with the Hang Seng Index opening down 681 points or 2.65%, at 25,075 points. The National Index opened down 189 points or 2.2%, at 8,438 points; the Hang Seng Tech Index opened down 187 points or 3.8%, at 4,760 points. CNOOC's stock price opened up 8%, while other commodity and technology stocks generally declined, with Tencent opening down 3.2% and Alibaba opening down 4.2%. In terms of financial stocks, HSBC opened down 5%

FI2 CSOP HSI

FL2 CSOP HSI

"Hong Kong Stocks" The Hang Seng Index opened low, down 681 points, CNOOC surged 8%, commodity and technology stocks declined

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

CNOOC-R

SG#CNOOCRC2812J(68534.HK)

Asian Energy Stocks Surge, Mirroring Oil Prices as Mideast Conflict Grows

JP Morgan's investment ratings and target prices for the "Three Oil Giants" (Table)

"Hong Kong Stocks" The Hang Seng Index fell 656 points in the half-day session, with weakness in real estate, aviation, and local financial stocks, while CNOOC rose by 7%

Fitch assigns COSL a local currency issuer rating and a proposed bond rating of "A-"

Two must-own China stocks poised to rally on higher oil prices