Hong Kong Stocks Rise Amid Strait of Hormuz Developments; China Lilang, Q Technology Gain

MT Newswires Live03-16 16:50

Hong Kong equities closed higher Monday as investors tracked developments around the Strait of Hormuz amid tensions in the Gulf.

The Hang Seng Index gained 368.42 points, or 1.5%, to close at 25,834.02, while the Hang Seng China Enterprises Index added 144.84 points, or 1.7%, to 8,816.32.

Oil prices rose as markets refocused on threats to energy facilities in the Middle East.

The Trump administration could announce as soon as this week that several countries have agreed to form a coalition to escort ships through the Strait of Hormuz, The Wall Street Journal reported.

In an interview with the Financial Times on Sunday, U.S. President Donald Trump signalled his planned trip to China later this month could be delayed as Washington seeks to pressure Beijing to help reopen the Strait of Hormuz.

Meanwhile, senior U.S. and Chinese officials met in Paris to discuss potential agreements covering agriculture, critical minerals, and managed trade.

In corporate news, China Lilang (HKG:1234) closed 9% higher after posting an increase in 2025 profit.

Q Technology (HKG:1478) advanced 4% after its 2025 profit surged 435%.

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