Hong Kong Stocks Movement | Hang Seng Index Opens 133 Points Lower, Oil Prices Rise and Oil Stocks Continue to Perform Well

SighingCashier · 2026-03-13T02:45:46+00:00

Middle East conflict continues to escalate, oil prices approach $100 again, market panic surge, US stocks plunge over 700 points. Hong Kong stocks opened lower this morning, Hang Seng Index reported at 25,583 points. Tech stocks generally declined, energy stocks benefited from rising oil prices. Overall market conditions are poor, signaling an unstable investment environment.

SighingCashier

2026-03-13 02:45:46

Abstract generation in progress

The ongoing Middle East conflict continues to escalate, with oil tankers and cargo ships in the Persian Gulf being targeted in succession. Iran’s newly appointed Supreme Leader, Mojtaba Khamenei, has vowed not to abandon revenge. Oil prices are once again approaching $100 per barrel, fueling market panic. The volatility index, commonly known as the “fear gauge” VIX, surged. U.S. stocks fell more than 700 points overnight, reflecting a decline in Chinese concept stocks, with the Golden Dragon Index dropping 1.02%. Hong Kong stocks opened more than 100 points lower this morning.

Hang Seng Index opened down 133 points or 0.52%, at 25,583 points.

China Enterprises Index opened down 28 points or 0.33%, at 8,670 points.

Tech Index opened down 21 points or 0.43%, at 5,006 points.

Out of 90 blue chips, 58 opened lower.

COSCO Shipping Holdings (00316) reported a 41% decline in profit last year and opened 3.4% lower this morning, at HKD 148.9, the worst-performing blue chip at market open.

Tech stocks generally weakened. Tencent (00700) opened flat at HKD 546.5; Baidu (09888) opened 0.3% lower at HKD 120; Alibaba (09988) opened 0.2% lower at HKD 131.3; Kuaishou (01024) opened 1.1% lower at HKD 59.55; JD.com (09618) opened flat at HKD 109.5; Meituan (03690) opened 0.9% lower at HKD 76; Xiaomi (01810) opened flat at HKD 33.3.

Oil prices continue to rise, with Brent crude surpassing $100 per barrel again. Oil stocks opened higher, with CNOOC (00883) up 1.4% at HKD 29.5; PetroChina (00857) up 1.2% at HKD 10.75.

HSBC (00005) opened 2.4% lower at HKD 125.8; China Mobile (00941) opened slightly lower by 0.1% at HKD 78.9.

Swire Pacific (00019) announced a placement of 153 million Cathay Pacific (00293) shares. Swire opened 4.1% higher at HKD 86.15; Cathay Pacific opened 3% lower at HKD 12.6.

Try the EJFQ “Signal” comprehensive stock analysis system now, using over 100 stock screening criteria to identify potential high-yield stocks!

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.