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Oil: More Obstacles for Iranian Crude – ING
Hong Kong Market Quick Review | The three major indices of Hong Kong stocks fluctuated and closed lower; the Cryptos Concept and Nonprofit Pharmaceutical Companies rose against the trend, with BOYAA rising over 12% and Heptagon Pharmaceuticals increasing
Network Technology stocks declined, with MEITUAN-W dropping 1.95% and KUAISHOU-W falling 1.23%; most Dining stocks fell, with HAILUNSI down 4.66% and SUPER HI down 4.15%; Property Services and Management stocks weakened, with GREENTOWN SER down 3.90% and SUNAC SERVICES down 2.53%.
DALIPAL HLDG (1921.HK): The Middle East production base will commence construction within the year.
In March 2024, DALIPAL HLDG first released the "Middle East Strategic Development Plan", seizing the Energy resource advantages and geographical location advantages in the Middle East, planning to establish a regional headquarters, R&D, and production center in the Middle East. In August, DALIPAL HLDG took
Hong Kong stocks fluctuate | DALIPAL HLDG (01921) once rose over 15% and set a new historical high during trading as the company continues to expand in the Middle East market.
DALIPAL HLDG (01921) surged over 15% in the afternoon, with the stock price reaching 10.5 HKD, setting a new all-time high since its listing. As of the time of writing, it has risen by 4.64%, trading at 9.48 HKD, with a transaction volume of 28.6369 million HKD.
Oil prices have risen for five consecutive times, Energy stocks lead the rise in U.S. stocks. What is the market anticipating?
The rise in oil prices is mainly due to the market's expectation of the Trump administration's upcoming sanctions against Iran, Venezuela, and Russia, which will lead to a reduction in Global Crude Oil Product supply, causing Energy Stocks to strengthen and become the stocks with the largest increase this week.
Middle East Oil Prices Jump on Scant Flows From Iran, Russia