HK Stock Market Move | Aviation stocks collectively rebound, US oil futures fall below the $70 mark, and travel demand is expected to further recover.

Aviation stocks collectively rebounded, as of the time of writing, China Eastern Airlines (00670) reported 3.55 Hong Kong dollars; China Southern Airlines (01055) rose by 4.9% to 3.64 Hong Kong dollars; Air China Limited (00753) rose by 4.39% to 4.51 Hong Kong dollars; CATHAY PAC AIR (00293) rose by 3.04% to 12.56 Hong Kong dollars. On the news front, on Wednesday, Brent crude oil touched as low as 73.12 US dollars, the lowest level since February 27, due to factors such as the improvement in the situation at the Strait of Hormuz and the rise in the US dollar index; US WTI crude oil futures also fell below 70 US dollars per barrel for the first time since March 2. It is reported that fuel costs are the largest expense for airlines. Changjiang pointed out that looking ahead, with the end of the college entrance examination and the approaching peak summer travel season, the demand for private travel is expected to marginally improve. Combined with a significant month-on-month decrease in crude oil prices, the future is expected to see a substantial decrease in fuel surcharges, which may further stimulate travel demand and catalyze the further recovery of demand.