HK Stock Market Move | Shandong Molong Petroleum Machinery (00568) rebounded by more than 10% as tensions between the U.S. and Iran escalate, with the U.S. military retaliating against Iran.
Shandong Molong (00568) rebounds more than 10%, with the stock price falling by nearly 18% yesterday. As of press time, it rose 10.85%, trading at HK$6.13, with a turnover of HK$266 million.
Shandong Molong Petroleum Machinery (00568) rebounded by over 10%, after a sharp drop in stock price of nearly 18% yesterday. As of the time of writing, it rose by 10.85%, reaching 6.13 Hong Kong dollars, with a trading volume of 266 million Hong Kong dollars.
On the news front, international oil prices rebounded, with Brent crude futures briefly surpassing $93 per barrel. According to CCTV News, on the 9th, the US Central Command announced on social media that the US military began a "defensive strike" against Iran at 5 PM Eastern Time that day in response to the shooting down of a US "Apache" armed helicopter. Prior to the US military launching this "defensive strike" against Iran, US President Trump tweeted on social media on the 9th that a US "Apache" armed helicopter was shot down by Iran during patrol in the Strait of Hormuz, with both crew members on board safe and sound, and the US "must respond to this attack".
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