HK Stock Market Move | Shandong Molong Petroleum Machinery (00568) rose by more than 10%. The ongoing turmoil in the US-Iran situation has pushed Brent crude oil back above $100.

Shandong Molong Petroleum Machinery (00568) rose more than 10%, as of the deadline, it increased by 10.38%, to 9 Hong Kong dollars, with a turnover of 5.84 billion Hong Kong dollars. On the news front, in the early morning of April 23, international oil prices rose sharply, with WTI crude oil increasing by up to 4% and Brent crude oil temporarily rising to $106.15. The temporary ceasefire between the US and Iran ended on the morning of the 23rd Beijing time, after starting on the evening of the 22nd Eastern time. The new round of negotiations between the US and Iran has been difficult to advance. According to Xinhua News Agency, on the 22nd local time, Israel launched an airstrike on the town of Tiri in southern Lebanon, killing one journalist and injuring another journalist. In addition, on April 22 Eastern time, US President Trump said in an interview with Fox News Channel journalists that there is currently "no timetable" for ending the conflict with Iran and no need to rush. Trump said, "Some people say that I am eager to end this conflict for the midterm elections, but this is not true." He also said that previous reports of a "3 to 5 day window" for extending the ceasefire were "not true" and that there is "no time pressure" on the ceasefire. Regarding the Iranian military firing on passing ships and seizing them in the Strait of Hormuz, Trump said, "Those are not U.S. ships." He also added that he will closely monitor the situation.