US Eyes Black Sea Ceasefire as Talks With Russia Begin

Seeking AlphaMar 24 17:33

Quick look at the Hong Kong market | The three major indices rose in the afternoon to close higher, the Index rose by 1.72%; Network Technology stocks turned positive, Xiaomi rose over 4%; Home Appliances stocks were strong throughout the day, TCL ELECTRO

Network Technology stocks rose, XIAOMI-W increased by 4.20%, NTES-S climbed by 3.09%; Golden Industrial Concept stocks broadly increased, Zijin Mining Group rose by 4.98%, PERSISTENCE RES fell by 3.61%; Autos stocks went up, LEAPMOTOR increased by 4.76%, BRILLIANCE CHI dropped by 4.01%.

Futu NewsMar 24 16:27

Hong Kong Stock Midday Review | The three major indices slightly dipped, with the Tech Index falling by 0.21%; Nonferrous Metals stocks and Home Appliances stocks performed well, with CMOC Group Limited and TCL ELECTRONICS rising over 9%.

The Network Technology stocks showed mixed performance, with KUAISHOU-W down 3.20% and MEITUAN-W down 2.98%. The Golden Industrial Concept stocks generally rose, with Zijin Mining Group up 4.86% and TONGGUAN GOLD down 3.70%. Many Building Materials stocks declined, with CONCH CEMENT down 4.03% and CR BLDG MAT TEC down 2.15%.

Futu NewsMar 24 12:13

Hong Kong stocks are showing volatility丨Marine Transportation stocks are strong, COSCO SHIP ENGY rose over 8%, OOIL rose over 3%.

On March 20, Glonghui reported that Hong Kong marine transportation stocks surged, among which, COSCO SHIP ENGY rose over 8% leading the gains, OOIL climbed over 3%, and COSCO Shipping Holdings increased by 2.6%. TIANJIN DEV and Sinotrans Limited both rose over 1%. According to a research report from Changjiang Securities, over the past two years, the overall central price of oil transportation has been high, but the peak season has not been strong. Aside from the lack of significant improvement in actual demand and inventory replenishment, the erosion of oil transportation demand by the 'shadow fleet' is also one of the main reasons. Currently, with the expectation of the Ukraine-Russia conflict ending and USA's sanctions against Iran intensifying, the crude oil trade pattern may face reconstruction, and the oil transportation boom cycle will form a closed loop. Goldman Sachs previously issued a research report.

Gelonghui FinanceMar 20 11:00

U.S. Strikes Yemen to End Red Sea Attacks, Trump Warns Iran on Houthi Support

Seeking AlphaMar 17 18:57

Daiwa Capital Markets: Downgraded OOIL (00316) rating to "Hold" with a Target Price of HKD 114.5.

The bank stated that Orient Overseas has zero debt on its balance sheet, with net Cash of 7.9 billion USD, equivalent to 83% of the current Market Cap. The company has enough Cash to meet future capital commitments, specifically over 2.2 billion USD for new ship purchases in the next three years.

Zhitong FinanceMar 17 17:05 · Ratings