Hong Kong Stocks Midday Review: Hang Seng Index down 0.93%, China Enterprises Index down 1.7%, Tech and Airline stocks sluggish, Gold stocks strengthen

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March 30 News: The three major indexes in Hong Kong stocks all declined collectively. As of the midday close, the Hang Seng Index fell 0.93% to 24719.20, the Hang Seng Tech Index fell 1.7%, and the state-owned enterprise index fell 0.74%. On the trading board, internet and technology stocks were mostly down and a few were up. Baidu and Bilibili fell more than 3%, Tencent, Lenovo, and Kuaishou fell more than 2%, while Alibaba, Xiaomi, and Meituan fell more than 1%. Gold stocks strengthened, with Zijin Mining Group rising more than 6%. Aviation stocks weakened, with Air China falling more than 2%. Four new stocks were listed today.

Gold stocks strengthened, with Zijin Mining Group rising more than 6%. On March 30, spot gold opened with a plunge and once dropped to 4417.665 USD per ounce. It then rebounded and turned back to gains, returning above $4,500. The latest news shows that U.S. President Trump said that Iran has agreed to “most” of the contents in the “15-point plan” for a ceasefire. It is worth noting that the war actions launched by the U.S. and Israel against Iran have continued for more than a month so far. Previous reports indicated that Yemen’s Houthi forces had joined the fray and carried out two rounds of attacks on Israel. Other reports said that the Pentagon is preparing for a ground operation against Iran lasting for several weeks.

Aviation stocks weakened, with Air China falling more than 2%. Data from the International Air Transport Association shows that from the 14th to the 20th, the average aviation fuel price in the Asia-Pacific region was 204.95 USD per barrel, up 16.6% from the previous week and up 129.8% compared with the average price for last month. It has been reported that the pace and magnitude of the rise in jet fuel prices far exceeded the global oil price benchmark, Brent crude. Last Thursday, the settlement price of Brent crude was 108.65 USD per barrel, up about 50% since the outbreak of the Middle East conflict.

Four new stocks were listed today. Hua Yan Robotics rose more than 15%, Jishijiao Vision rose more than 108%, Deshi rose more than 104%, and Hantian Cheng rose more than 34%.

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责任编辑：Hao Xinyu