Hong Kong Stocks Extend Gains as Oil Prices Ease; Geely Automobile Slips

MT Newswires Live03-18 16:31

Hong Kong equities extended gains for a third straight day on Wednesday as oil prices paused their recent surge, lifting market sentiment.

The Hang Seng Index gained 156.88 points, or 0.6%, to close at 26,025.42, while the Hang Seng China Enterprises Index ended little changed at 8,835.50.

Oil prices eased after the Iraqi government and Kurdish authorities agreed to resume crude exports through Turkey's Ceyhan port, though the Strait of Hormuz remained largely shut.

Meanwhile, the U.S. Federal Reserve is widely expected to keep its policy steady, with attention focused on whether the conflict with Iran could undermine economic growth, Reuters reported.

Fed Chair Jerome Powell is also due to hold a press conference, where investors will look for clues on whether he plans to remain on the Federal Reserve Board as a governor once his term as chair ends in May.

In corporate news, Geely Automobile (HKG:0175) closed nearly 4% lower after its 2025 profit was little changed.

ZTO Express (HKG:2057) advanced over 7% on higher fourth-quarter 2025 profit.

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