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Hong Kong stock movement | Petroleum stocks continue to decline as the market worries about an oversupply in the oil market. Trump plans to increase Oil & Gas production.
Petroleum stocks continue to decline. As of the time of writing, China Oilfield Services (02883) is down 2.59%, trading at 7.16 HKD; KUNLUN ENERGY (00135) is down 1.62%, trading at 7.31 HKD; and PetroChina (00857) is down 0.98%, trading at 6.06 HKD.
CPI Data, Oil Inventories Take Center Stage Wednesday
Oil: More Obstacles for Iranian Crude – ING
There's Reason For Concern Over Dalipal Holdings Limited's (HKG:1921) Massive 26% Price Jump
Hong Kong stocks fluctuate | DALIPAL HLDG (01921) once rose over 15% and set a new historical high during trading as the company continues to expand in the Middle East market.
DALIPAL HLDG (01921) surged over 15% in the afternoon, with the stock price reaching 10.5 HKD, setting a new all-time high since its listing. As of the time of writing, it has risen by 4.64%, trading at 9.48 HKD, with a transaction volume of 28.6369 million HKD.
Middle East Oil Prices Jump on Scant Flows From Iran, Russia