HK Stock Market Move | Shandong Molong Petroleum Machinery (00568) falls back over 7%; Trump says he will not attack Iran before the midterm elections.

Shandong Molong Petroleum Machinery (00568) fell back over 7%. The stock rose significantly yesterday afternoon, surging over 18% at one point during the session. As of press time, it is down 6.75% at HK$3.8, with a turnover of HK$94.8132 million. On the news front, U.S. President Donald Trump posted on social media on the 8th that the United States and Iran are engaged in "productive" consultations, and that the U.S. will not launch an attack on Iran before the congressional midterm elections. In the post, Trump stated that although Iran's economic and military situation is "very bad," and although the U.S. will continue to impose a blockade on it and large amounts of oil are being transported through the Strait of Hormuz, "we will not attack Iran at any time before the U.S. holds midterm elections on November 3."