--- title: "Zhitong Hong Kong Stocks Early Knowledge | The Federal Reserve Keeps Interest Rates Unchanged, Brent Crude Oil Surpasses $108" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/279687543.md" description: "After concluding a two-day monetary policy meeting, the Federal Reserve decided to maintain the federal funds rate target range at 3.5% to 3.75%, in line with market expectations. The voting result was 11 to 1, with Governor Stephen Milan casting the dissenting vote, calling for a 25 basis point rate cut. U.S. stock indices generally fell, with technology stocks and gold mining stocks declining" datetime: "2026-03-18T23:38:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279687543.md) - [en](https://longbridge.com/en/news/279687543.md) - [zh-HK](https://longbridge.com/zh-HK/news/279687543.md) --- > 支持的语言: [English](https://longbridge.com/en/news/279687543.md) | [繁體中文](https://longbridge.com/zh-HK/news/279687543.md) # Zhitong Hong Kong Stocks Early Knowledge | The Federal Reserve Keeps Interest Rates Unchanged, Brent Crude Oil Surpasses $108 **【Today's Headlines】** **Federal Reserve Holds Steady, Dot Plot Maintains Median Forecast of One Rate Cut This Year** The Federal Reserve concluded its two-day monetary policy meeting, announcing that it will keep the federal funds rate target range unchanged at 3.5% to 3.75%, a decision that aligns with market expectations. As anticipated, Federal Reserve officials held steady, maintaining the median forecast of one rate cut this year while acknowledging increased uncertainty due to the Middle East conflict. Key points from the Federal Reserve's March 18 rate decision: 1. The Federal Reserve will continue to keep the federal funds rate target range at 3.50% to 3.75%, maintaining the median forecast of one rate cut this year. 2. The voting result was 11 to 1, with Governor Stephen Milan voting against, calling for a 25 basis point rate cut. 3. The statement removed the reference from January regarding signs of stabilization in the labor market, replacing it with the observation that the unemployment rate "has not changed much in recent months." 4. It is expected that there will be one rate cut each in 2026 and 2027, with no policymakers indicating a preference for raising rates this year. 5. The median expectation in the dot plot for rates remained unchanged, with the ratio of officials supporting a rate cut to those not supporting it still at 12:7. The median long-term rate dot plot was raised to 3.1%. 6. The post-meeting statement made almost no adjustments to the economic outlook, only slightly raising the growth and inflation expectations for 2026. The economic growth forecast for 2026 was slightly raised from 2.3% in December to 2.4%, and the median core PCE inflation expectation was raised from 2.5% to 2.7%. 7. The statement noted that the developments in the Middle East have an uncertain impact on the U.S. economy, which may keep inflation persistently above the Federal Reserve's 2% target. **【Market Outlook】** **U.S. Stock Indices All Closed Lower, Large Tech Stocks and Gold Mining Stocks Declined** Overnight, U.S. stocks closed lower, with the Dow Jones Industrial Average falling 768.11 points from the previous trading day to close at 46,225.15 points, a decline of 1.63%; the S&P 500 index dropped 91.39 points to close at 6,624.7 points, a decline of 1.36%; the Nasdaq Composite Index fell 327.11 points to close at 22,152.42 points, a decline of 1.46%. Most large tech stocks declined, with Amazon dropping over 2%. Gold mining stocks fell, with Harmony Gold down over 8%, Coeur Mining down over 8%, and Kinross Gold down over 6%. Some optical communication concept stocks rose against the trend, with Lumentum up over 7% and Coherent up over 4%. Chip stocks rose, with SanDisk up over 4%, Intel up over 2%, and AMD up over 1%. The Nasdaq Golden Dragon China Index closed down 2.06%. The Hang Seng Index ADR fell, closing at 25,514.66 points, down 510.76 points or 1.96% compared to the Hong Kong close. WTI crude oil futures for the current month on the New York Mercantile Exchange rose by $3.52, closing at $99.05 per barrel, an increase of 3.68%. COMEX gold futures for the current month fell by $184.30, a decline of 3.68%, closing at $4,823.9 per ounce **【Hot Topics Preview】** **Brent crude oil breaks above $108 per barrel as Iran claims some of its energy facilities were attacked and vows retaliation** International oil prices rose after Iran stated that some of its energy facilities were attacked, while threatening retaliatory strikes against neighboring countries' oil and gas facilities. Brent crude oil broke above $108 per barrel, rising over 3% on the previous Tuesday. Iranian state television reported that parts of the giant South Pars gas field were hit in airstrikes, and the Assaluyeh oil industrial facility was also attacked. The Fars news agency stated that Iran vowed to retaliate against previously considered secure enemy facilities. Attacks on Iranian energy assets mark a further escalation of the conflict, which is disrupting global oil supplies. **Trump exempts the enforcement of the Jones Act to curb high oil prices** Trump exempts the enforcement of the Jones Act to curb high oil prices. The exemption applies to oil, gas, fertilizers, and coal. **Tencent Holdings (00700) releases annual results, with shareholders' profit of 224.842 billion yuan, a year-on-year increase of 16%, final dividend of 5.3 HKD per share** Tencent Holdings (00700) released its annual results for the year ending December 31, 2025, reporting revenue of 751.766 billion yuan (same unit), a year-on-year increase of 14%; profit attributable to equity holders was 224.842 billion yuan, a year-on-year increase of 16%; profit attributable to equity holders under non-IFRS was 259.626 billion yuan, a year-on-year increase of 17%; basic earnings per share were 24.749 yuan, with a proposed final dividend of 5.3 HKD per share. In 2025, the company maintained healthy growth, benefiting from AI technology that enhanced advertising targeting capabilities and player interactions in games, as well as accelerated growth in cloud business revenue achieving scalable profitability. In a media conference call following the earnings report, Tencent President Liu Chiping revealed that the company invested 18 billion yuan in AI new products last year and plans to at least double that this year, with robust growth in core business supporting increased investment. **BOSS Zhipin-W (02076) reports net profit of 2.6905 billion yuan for 2025, a year-on-year increase of 71.7%** BOSS Zhipin-W (02076) announced that for the full year of 2025, revenue was 8.2675 billion yuan, a year-on-year increase of 12.4%. Operating profit was 2.4641 billion yuan, a year-on-year increase of 110.1%. Net profit was 2.6905 billion yuan, a year-on-year increase of 71.7%. Adjusted net profit was 3.6025 billion yuan, a year-on-year increase of 32.9%. **Swire Group Limited reduces its stake in Cathay Pacific Airways (00293) by approximately 153 million shares** Latest data from the Hong Kong Stock Exchange shows that on March 17, Swire Group Limited reduced its stake in Cathay Pacific Airways (00293) by 153.059 million shares at a price of 11.74 HKD per share, totaling approximately 1.797 billion HKD. After the reduction, the latest number of shares held is approximately 5.209 billion, with a latest holding ratio of 77.47% **CITIC Securities Asset Management Co., Ltd. reduces its holdings in Aluminum Corporation of China (02600) by 19.73 million shares at a price of approximately HKD 12.93 per share** According to the latest data from the Hong Kong Stock Exchange, on March 16, CITIC Securities Asset Management Co., Ltd. reduced its holdings in Aluminum Corporation of China (02600) by 19.73 million shares at a price of HKD 12.9254 per share, totaling approximately HKD 255 million. After the reduction, the latest number of shares held is approximately 347 million, with a latest holding ratio of 8.79%. **China Silver Group (00815) issues earnings forecast expecting net profit attributable to owners to increase significantly to RMB 570 million to 600 million in 2025** China Silver Group (00815) announced that compared to approximately RMB 10 million net profit attributable to owners in 2024, the group expects to achieve a net profit attributable to owners of RMB 570 million to 600 million in the fiscal year 2025. Excluding the impact of employee stock options and employee share awards, the group expects to achieve a net profit attributable to owners of RMB 621 million to 651 million in the fiscal year 2025. **CAIKE New Energy (01986): CAIKE Technology's net profit attributable to shareholders is expected to be approximately RMB 146 million in 2025, a year-on-year increase of 26.55%** CAIKE New Energy (01986) announced that CAIKE Technology's performance for 2025 shows an operating income of approximately RMB 507 million, a year-on-year increase of 11.49%; the net profit attributable to shareholders of CAIKE Technology is approximately RMB 146 million, a year-on-year increase of 26.55%. **Weibo-SW (09898) announces annual performance with net profit attributable to shareholders of USD 449 million, a year-on-year increase of 49.27%** Weibo-SW (09898) announced that in the fourth quarter of 2025, the group's net income was USD 473 million, an increase of 4% year-on-year, or an increase of 1% year-on-year based on fixed exchange rates; the net loss attributable to Weibo shareholders was USD 4.7 million, a loss compared to profit in the same period last year, with a diluted net loss per share of USD 0.02. For the fiscal year 2025, net income was USD 1.76 billion, unchanged year-on-year and unchanged year-on-year based on fixed exchange rates; the net profit attributable to Weibo shareholders was USD 449 million, a year-on-year increase of 49.27%; diluted net earnings per share were USD 1.70. **Huazhu Group-S (01179) announces annual performance with total revenue of RMB 25.307 billion, a year-on-year increase of 5.93%** Huazhu Group-S (01179) announced its financial performance for the fourth quarter and the full year of 2025. For the full year 2025, the group achieved total revenue of RMB 25.307 billion, a year-on-year increase of 5.93%; the net profit attributable to Huazhu Group Limited was RMB 5.08 billion, a year-on-year increase of 66.7%; basic earnings per share were RMB 1.65; it is proposed to distribute a regular cash dividend of USD 0.130 per ordinary share or USD 1.30 per American depositary share for the second half of 2025, totaling approximately USD 400 million. **New stock news | Feisuk Innovation (03355) ends its IPO with subscription amount recorded at HKD 203.096 billion, oversubscribed by 1193.68 times** According to the Zhitong Finance APP, Fast Innovation (03355) conducted its IPO from March 13, 2026, to March 18, 2026, and the offering has now ended. According to market news, the public offering portion of Fast Innovation was subscribed by 197,000 people, with the margin subscription amount recorded at HKD 203.096 billion, resulting in an oversubscription of 1,193.68 times based on the public offering fundraising amount of HKD 170 million. Based on 2024 revenue, Fast Innovation is the second-largest online DTC network solution provider in the world, with a market share of 6.9%. **【Stock Highlights】** **MicroPort NeuroTech (02172): APOLLO Dream® Rapamycin Targeted Drug-Eluting Stent System Receives FDA Breakthrough Device Designation** MicroPort NeuroTech (02172) announced that its self-developed APOLLO Dream® Rapamycin Targeted Drug-Eluting Stent System (APOLLO Dream® Stent System) has recently received breakthrough device designation from the U.S. Food and Drug Administration (FDA), becoming the first in the neurointerventional field to obtain this designation for a balloon-expandable, rapid-exchange drug-eluting stent. The APOLLO Dream® Stent System is designed for symptomatic intracranial artery stenosis patients who are ineffective with existing optimal drug therapies. 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