HK Stock Market Move | Shandong Molong Petroleum Machinery(00568) opened 5% higher. Trump says he will take harsher action against Iran. Brent oil rises to $105.
Shandong Molong (00568) opened 5% higher, as of the time of writing, it has risen 5.04%, closing at HK$8.34, with a trading volume of HK$18.1178 million.
Shandong Molong Petroleum Machinery (00568) opened 5% higher, up 5.04% as of the time of writing, at HK$8.34, with a turnover of HK$181.178 million.
In terms of news, at 9am Beijing time this morning, US President Trump made an "important update" speech on the Iran issue. During the speech, international oil prices surged significantly, with Brent crude oil futures widening by more than 4% to $105.35 per barrel. According to reports, US President Trump stated in his speech that extremely severe strikes will be launched against Iran in the next two to three weeks. If no agreement is reached, Iran's power plants will be targeted.
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