--- title: "[Hong Kong Stock Market Closing Review] Three major indices slightly closed down! Coal and power stocks rose against the trend" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/278848769.md" description: "On March 12, the three major indices of the Hong Kong stock market closed slightly lower, with the Hang Seng Index down 0.7%. Coal and power stocks rose against the trend, with YANKUANG ENERGY up 8.26% and DATANG RENEW up 8.21%. UBS raised its 2026 NEWC thermal coal price forecast to USD 126 per ton, expecting a potential increase in coal demand in the short term. The UK will eliminate import tariffs on wind power components starting April 1, promoting energy independence in Europe. International oil prices rose, and Goldman Sachs raised its 2026 crude oil price forecast" datetime: "2026-03-12T08:40:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278848769.md) - [en](https://longbridge.com/en/news/278848769.md) - [zh-HK](https://longbridge.com/zh-HK/news/278848769.md) --- > 支持的语言: [English](https://longbridge.com/en/news/278848769.md) | [繁體中文](https://longbridge.com/zh-HK/news/278848769.md) # [Hong Kong Stock Market Closing Review] Three major indices slightly closed down! Coal and power stocks rose against the trend On March 12, the three major indices of the Hong Kong stock market closed slightly lower. The Hang Seng Index fell by 0.7%, the Hang Seng China Enterprises Index fell by 0.06%, and the Hang Seng Tech Index fell by 0.54%. **By sector, coal stocks continued to rise.** YANKUANG ENERGY (01171.HK) rose by 8.26%, Powerlong Development (01277.HK) rose by 5.86%, Yancoal Australia (03668.HK) rose by 5.15%, China Coal Energy (01898.HK) rose by 4.86%, and China Shenhua Energy (01088.HK) rose by 1.59%. UBS released a commodity report stating that recent supply risks in the Middle East have pushed up thermal coal prices. The bank raised its 2026 NEWC thermal coal price forecast by 10%, from USD 115 per ton to USD 126 per ton. Although large-scale switching from gas to coal is not expected in the short term, if energy prices remain high, coal demand may increase. The bank's medium-term outlook remains unchanged, expecting a decline in demand and coal prices to fall back to near the cost curve, around USD 100/ton. **Green electricity concepts, wind power, and other power sectors all saw gains.** DATANG RENEW (01798.HK) rose by 8.21%, Goldwind Technology (02208.HK) rose by 7.18%, and Longyuan Power (00916.HK) rose by 2.93%. In news, the UK will eliminate import tariffs on 33 wind power components starting April 1, with tariffs on core components such as blades and cables reduced from 6% and 2% to 0. The intensifying geopolitical conflict in the Middle East has made European energy security and autonomy more urgent, with offshore wind power becoming a key strategy to reduce dependence on fossil fuels. Institutions point out that the combination of tariff reductions in Europe and the localization of Chinese leaders strengthens European energy autonomy and opens up incremental space in the high-end market for Chinese offshore wind turbines, subsea cables, blades, and other industrial chains. **Driven by the rise in international oil prices, the oil and gas sector also saw a collective increase.** China National Offshore Oil Corporation (00883.HK) rose by 3.71%, Kunlun Energy (00135.HK) rose by 2.39%, and China Petroleum & Chemical Corporation (00857.HK) rose by 1.14%. In news, as of the time of writing, ICE Brent crude oil surged by 4.39%. Goldman Sachs raised its forecast for Brent crude and WTI crude oil prices for the fourth quarter of 2026 from USD 66/62 per barrel to USD 71/67 per barrel, citing that the disruption of oil transport through the Strait of Hormuz may last longer than previously estimated due to the current situation in Iran. **Additionally**, some segments of the consumer sector, including cosmetics, pork, dairy products, film and television, tea beverages, new consumption concepts, and automobiles, also saw varying degrees of increase. **On the decline list, heavy machinery stocks led the losses.** SANY International (00631.HK) fell by 5.95%, Zoomlion Heavy Industry Science and Technology (01157.HK) fell by 3.89%, and China National Heavy Duty Truck Group (03808.HK) followed suit. **In the pharmaceutical sector, biopharmaceuticals, internet medicine, innovative drug concepts, pharmaceutical outsourcing concepts, and medical beauty concepts continued to adjust.** Among them, Haixi New Drug (02637.HK) fell by 8.92%, Rongchang Bio (09995.HK) fell by 4.75%, and CSPC Pharmaceutical Group (01093.HK) Down 4.53%, WuXi AppTec (02268.HK) down 3.73%, CanSino Biologics (09926.HK) down 3.31%, WuXi Biologics (02269.HK) down 2.71%. **The technology sectors such as short video concepts, OpenClaw concepts, AI applications, cloud office, cloud computing, star tech stocks, mobile game stocks, etc. have all retreated**. Among them, Zhipu (02513.HK) down 8.86%, MINIMAX-WP (00100.HK) down 5%, Haizhi Technology Group (02706.HK) down 3.08%, Alibaba-W (09988.HK) down 1.2%, Tencent Holdings (00700.HK) down 1%. Recently, as the open-source AI entity OpenClaw has gained popularity, security risks have also been continuously mentioned. Experts from the China Academy of Information and Communications Technology have pointed out that although the "Lobster" AI entity has been updated to the latest version, which can fix known security vulnerabilities, it does not mean that security risks are completely eliminated. The Hong Kong Digital Office, responsible for AI policy in Hong Kong, also stated that there is no indication that departments will be instructed to stop using OpenClaw, and that departments must conduct risk assessments and comply with guidelines when installing software ### 相关股票 - [GF CSI All Share Power Public Service ETF (159611.CN)](https://longbridge.com/zh-CN/quote/159611.CN.md) - [Bosera CSI All Share Electric Utilities ETF (561700.CN)](https://longbridge.com/zh-CN/quote/561700.CN.md) - [ChinaAMC Green Electricity ETF (562550.CN)](https://longbridge.com/zh-CN/quote/562550.CN.md) - [DATANG RENEW (01798.HK)](https://longbridge.com/zh-CN/quote/01798.HK.md) - [YANKUANG ENERGY (600188.CN)](https://longbridge.com/zh-CN/quote/600188.CN.md) - [YANKUANG ENERGY (01171.HK)](https://longbridge.com/zh-CN/quote/01171.HK.md) - [Guotai CSI Coal ETF (515220.CN)](https://longbridge.com/zh-CN/quote/515220.CN.md) ## 相关资讯与研究 - [Datang Renewable's 2025 Profit Falls 33%](https://longbridge.com/zh-CN/news/280955777.md) - [China Longyuan Power's Profit, Revenue Decline in 2025](https://longbridge.com/zh-CN/news/281300557.md) - [Banaszak warns against Merz's considerations on delaying coal phase-out](https://longbridge.com/zh-CN/news/280886347.md) - [Tata Steel Limited Faces Demand Notice From District Mining Officer Dhanbad For Alleged Excess Coal Production Of INR 3,851.9 Million](https://longbridge.com/zh-CN/news/281052299.md) - [Railways freight grows 3.3% in FY26 as coal cargo records rare contraction](https://longbridge.com/zh-CN/news/281409620.md)