Hong Kong Stock Market Outperformers This Week | Strong IPO Performance! UDI Robotics surged over 188% in its first week of listing, driven by robust growth in its RaaS business; Jinhai Medical Technology rose 50%, with potential inclusion in the Stock Connect expected to enhance liquidity.
Editor's Note:Top Performers in Hong Kong and U.S. Stocks This WeekThis column closely tracks market developments on a weekly basis, reviewing the weekly performance of Hong Kong and US stock markets.
Hang Seng Index CBBC Street Ratio (54:46) | September 12
As of September 11, the latest ratio of call to put options on the Hang Seng Index stands at 54:46.Zhitong Finance APP learned that, as of September 11, the latest ratio of call to put options on
Tanker freight rates have surged to 4.5 times the baseline benchmark, with the war costs of Middle East conflicts being factored into the price of every barrel of crude oil.
This week, freight rates for very large crude carriers (VLCCs) on the Gulf of Oman-to-China route surged to Worldscale 450 points (equivalent to 4.5 times the benchmark rate), translating to approximately $11.50 per barrel and setting a record high since the inception of this route. Meanwhile, ongoing military exchanges between the United States and Iran continue to constrain available shipping capacity in the Gulf, while VLCC freight rates on the West Africa-to-Asia route have also hit historic highs.
As net long positions in WTI crude oil hit a 20-week high, the Trump administration is considering invoking the Defense Production Act to expand refining capacity.
Executives at refining companies stated that new refineries require several years to become operational, leading them to prioritize improving the efficiency of existing facilities. Currently, the average price of diesel in the United States has surpassed $6 per gallon for the first time, while gasoline prices remain elevated, and refinery utilization rates have reached approximately 98%. According to data from the CFTC, as of the week ending September 8, net long positions in NYMEX WTI crude oil hit a 20-week high, and net long positions in gasoline reached a nine-month high.
Houthi forces have nearly complete control of the Bab el-Mandeb Strait! A dual blockade is strangling Saudi Arabia's export lifeline.
The Houthi forces have not only seized all strategic islands in the Red Sea but also paralyzed Saudi Arabia’s last crude oil export corridor. Can isolated Riyadh weather this shock?
IEA warns that the war in Iran has dragged oil demand to its largest post-pandemic decline, cautioning that further weakening is likely in the coming months.
The ongoing conflict in Iran continues to weigh on global oil demand, with this year's decline marking the largest since the onset of the pandemic, and further contraction is likely in the coming months.