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NanShui Corporation continued to expand its influence by acquiring Foxconn Industrial Internet for more than 400 million yuan, while BeiShui Corporation bought BYD Company Limited and China National Offshore Oil Corporation.
Northbound capital sold a net amount of 6.306 billion yuan in A-shares, while southbound capital bought a net amount of HKD 3.998 billion in Hong Kong stocks.
Empyrean Energy Seeks Extension to Start Drilling at Topaz Prospect Offshore China
Empyrean Energy (EME.L) said Thursday it applied for an extension on Block 29/11, offshore China, with China National Offshore Oil Company, or CNOOC. The oil and gas developer failed to start drilling
[Special V] Ye Shangzhi: Hong Kong stocks further retreat, domestic consumption stocks decline the most.
On June 12, the Hong Kong stock market showed a further trend of retracement and downturn. The Hang Seng Index fell for the third consecutive day, falling nearly 240 points, closing below the integer mark of 18,000 points. It should be noted that the market's trend of retracement still has a tendency to further extend, and the mid-term support zone of the Hang Seng Index is estimated to still be between 17,200 to 17,600 points. Ahead of the announcement of the results of the Federal Reserve's interest rate decision, the market's wait-and-see atmosphere is clearly increasing, but the total transaction volume of the market is still recording over 110 billion yuan, higher than the daily average level of the year, and the enthusiasm of funds participating in the market is not significantly weakened. The Hong Kong stock market still has the potential to continue its operation mode of trading stocks without trading the market. It is worth noting that
Petroleum stocks are generally rising. Kunlun Energy (00135) rose 3.49%. EIA predicts that global oil demand may reach a record high this year.
Petroleum stocks generally rose, with Kunlun Energy (00135) up 3.49%, CNOOC (00883) up 2.18%, PetroChina (00857), Shanghai Petrochemical (00338), and Sinopec (00386) following the trend. The Middle East's tense situation has pushed up international oil prices overnight, with NYMEX crude oil futures settling at $78.5 per barrel, up nearly 0.8%. Brent crude oil futures settled at $82.6 per barrel, up 0.8%.
Crude oil trade reminder: Middle East tensions push up oil prices, but the Federal Reserve's attack has hit bullish morale.
Oil prices rose and fell on Wednesday, supported by continued tensions in the Middle East. Earlier in the day, oil prices rose nearly 2% to a two-week high, but closed mostly higher as the Federal Reserve's two-day meeting ended with a statement indicating that interest rate may not be lowered until December.
Citigroup Analysts Paint Bearish Picture for Global Crude Oil Prices -- OPIS
Citigroup's global commodities team on Wednesday said crude oil has missed out on what has been a "spectacular year for some commodities" and has been mostly range bound with volatility at about 10 year lows.
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