Aviation stocks continue to face selling pressure, with Beijing Capital International Airport Co Ltd (00694) falling 3.24% to HK$1.495, while Air China Ltd (00753) dropped 1.84% to HK$3.73.
China Eastern Airlines Corp Ltd (00670) declined 1.78% to HK$2.49, and China Southern Airlines Co Ltd (01055) slipped 1.54% to HK$2.87.
On the news front, Brent crude oil rebounded above $95 per barrel overnight. U.S. President Donald Trump stated on November 12 that the United States "does not need" a deal with Iran, dampening market expectations for a near-term easing of tensions and prompting investors to reprice the risk of continued disruption to shipping through the Strait of Hormuz.
Iran's Islamic Revolutionary Guard Corps issued a statement on November 13 claiming it had struck and destroyed a U.S. military early-warning radar in Bahrain that day. This marks the first known Iranian attack on U.S. military facilities in the Middle East in two months.
Zhongtai Securities noted that over the medium to long term, airlines currently face relatively high fuel costs, and earnings realization still requires patience. The stock price recovery process may experience setbacks along the way.
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