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Express News | Iran claims two missiles hit U.S. warships, causing a sharp drop in U.S. stock futures and a sudden rise in international crude oil prices.
Hong Kong Stock Movement | Petroleum Stocks Lead Declines as the U.S. to Launch a De-escalation Operation in the Strait of Hormuz; Japan Hints at Possible Intervention in Crude Oil Futures Market
Energy sector stocks led declines as of press time. CNOOC (00883) fell 2.59% to HKD 28.62, PetroChina (00857) dropped 2.41% to HKD 11.74, and Yanchang Petroleum International (00346) declined 1.23% to HKD 0.40.
Hong Kong Stock Market Close | All Three Major Indices Decline Collectively, with Energy-Related Stocks Leading Gains
①Why are electric power equipment stocks showing strong performance against the market trend? ②What is the main reason for the decline in airline stocks?
Warnings of continuously rising oil prices have emerged, but why has the U.S. stock market remained unfazed?
Oil prices have experienced significant volatility due to the situation in Iran, yet US equities have defied the trend by reaching new record highs—this rare 'decoupling' phenomenon is underpinned by a strong earnings season and option structures that have created a 'paper prosperity.' However, market breadth has narrowed to its lowest level since the dot-com bubble, with the VIX climbing back above 20. The entire rally is based on the single assumption that 'conflicts will eventually be resolved.' Should a ceasefire collapse, this sandcastle will crumble.
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