HK Stock Market Move | YANCOAL AUS(03668)9% Yankuang Energy Group(01171)5% Coal geopolitical premium gradually recedes after two weeks of Iran-US ceasefire, YANCOAL AUS(03668) drops more than 9%, Yankuang Energy Group(01171) drops more than 5%.

Coal stocks lead the decline, as of press time, Yancoal Aus (03668) fell 9.06% to 41.14 Hong Kong dollars; Yankuang Energy Group (01171) fell 5.03% to 13.83 Hong Kong dollars; China Coal Energy (01898) fell 2.72% to 13.22 Hong Kong dollars; China Shenhua Energy (01088) fell 1.89% to 45.7 Hong Kong dollars. On the news front, Trump announced accepting Pakistan's two-week ceasefire proposal, which Israel and Iran also accepted. Iran also mentioned that negotiations between Iran and the United States will start this Friday in Islamabad, the capital of Pakistan. Founder's report pointed out that in the context of global energy crisis sentiment, the coal sector stocks are fluctuating at high levels. Oil and gas prices are transmitted to coal mainly through coal chemical industry and power generation. The bank stated that if the current US-Iran conflict eases and the blockade of the strait is short, the upward space for coal prices is relatively limited. Huafu Securities stated that globally, frequent geopolitical events have strengthened countries' control over energy and resources, and also increased the willingness to replenish reserves to cope with uncertainties, including the rising prices of resources including coal. Looking domestically, anti-internal competition is a means, but reversing PPI is the fundamental goal. The low point of coal prices may be the policy bottom in 2025. With the comprehensive rectification of internal competition set in the 15th Five-Year Plan, more supply-side policies can still be expected in the future. Considering the uncertain changes in demand, coal prices are expected to fluctuate and rise amidst setbacks.