Hong Kong Stocks Movement | Shandong Molong (00568) Surges Over 7% at One Point Amid Tense Middle East Situation and Soaring US Natural Gas Futures

Stock News01-26

Shandong Molong (00568) saw its shares jump more than 7% at one point during the trading session. As of the time of writing, the stock was up 5.13%, trading at HKD 4.3, with a turnover of HKD 285 million. Market sentiment was influenced by reports that US President Donald Trump announced aboard Air Force One on January 22nd that the US was deploying a significant military force towards Iran, with multiple naval vessels heading to the region. This statement has intensified international market concerns over the Middle East situation. Furthermore, a winter storm impacting large parts of the United States has caused a sharp spike in US natural gas prices. On the 25th, futures prices broke through the $6 per million British thermal units mark for the first time since 2022. Huatai Futures analysts believe the short-term situation in the Middle East remains tense, with the US continuing to deploy troops in the region. A potential strike against Iran appears imminent. Unlike Venezuela, due to Iran's critical geopolitical location, any escalation could affect surrounding major oil-producing nations and the Strait of Hormuz. Consequently, oil prices are significantly more sensitive to developments in Iran compared to the situation in Venezuela.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment