HK Stock Market Move | Iran said it did not close the Strait of Hormuz Oil and gas stocks rose and then fell. Shandong Molong Petroleum Machinery (00568) is now down more than 13%.
Oil and gas stocks rose in the afternoon and fell back. As of the time of publication, Shandong Molong (00568) fell 13.15% to 8.92 Hong Kong dollars; Sinopec Oilfield Service (01033) fell 11.11% to 1.2 Hong Kong dollars.
Oil and gas stocks surged and then fell back, as of the time of writing, Shandong Molong Petroleum Machinery (00568) fell by 13.15% to HK$8.92; SINOPEC SSC (01033) fell by 11.11% to HK$1.2.
On the news front, according to CCTV news, on the morning of the 5th local time, Amir Heydari, deputy commander of the Central Command of the Iranian Hattam Ambiya, stated in an interview that Iran has not blocked the Strait of Hormuz. Heydari said that currently, Iran is handling ships passing through the strait in accordance with international regulations and established agreements. Influenced by this news, the main crude oil futures contract on the Shanghai Futures Exchange fell sharply and hit the limit up, with the increase significantly narrowed.
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