{Economic Daily News, 30th exclusive} Air China (00753) is currently up 4.1%, trading at HK$3.935, with approximately 19.38 million shares traded, involving HK$751.7 million; China Eastern (00670) rises 3.6% to HK$2.595; China Southern (01055) gains 3.1% to HK$3.005.
According to domestic media reports, transportation during the National Day holiday is expected to remain at a high level, with travel volume on October 1st reaching 340 million trips, nearly twice the usual daily level. International flight bookings have increased by 22.5% year-on-year, and civil aviation passenger volume is expected to set a new historical high for the same period. The concentrated release of holiday travel demand has directly boosted performance expectations for transportation sectors such as aviation and railways, becoming the core catalyst for the sector's strong rally today.
In addition, oil prices retreated from overnight highs. Saudi Arabia's pipeline to the Red Sea has resumed operations. NY November crude oil futures initially rose but later reversed, falling 3.48% to close at USD 89.38 per barrel; Brent November crude oil futures dropped 2.56%, closing at USD 102.59.
Oil prices remain low today, with NY crude futures currently at USD 89.26 per barrel, down 0.13%; Brent crude futures at USD 95.70, down 0.48%.
Currently, the Hang Seng Index stands at 24,631, up 107 points or 0.4%, with main board turnover nearing HK$144.3 billion. The HSCEI is at 8,226, up 47 points or 0.6%. The Hang Seng Tech Index is at 4,255, up 5 points or 0.1%. (vs)
According to domestic media reports, transportation during the National Day holiday is expected to remain at a high level, with travel volume on October 1st reaching 340 million trips, nearly twice the usual daily level. International flight bookings have increased by 22.5% year-on-year, and civil aviation passenger volume is expected to set a new historical high for the same period. The concentrated release of holiday travel demand has directly boosted performance expectations for transportation sectors such as aviation and railways, becoming the core catalyst for the sector's strong rally today.
In addition, oil prices retreated from overnight highs. Saudi Arabia's pipeline to the Red Sea has resumed operations. NY November crude oil futures initially rose but later reversed, falling 3.48% to close at USD 89.38 per barrel; Brent November crude oil futures dropped 2.56%, closing at USD 102.59.
Oil prices remain low today, with NY crude futures currently at USD 89.26 per barrel, down 0.13%; Brent crude futures at USD 95.70, down 0.48%.
Currently, the Hang Seng Index stands at 24,631, up 107 points or 0.4%, with main board turnover nearing HK$144.3 billion. The HSCEI is at 8,226, up 47 points or 0.6%. The Hang Seng Tech Index is at 4,255, up 5 points or 0.1%. (vs)
