On last Friday (9th), U.S. President Trump announced easing sanctions on Russian oil, with Russian President Putin set to supply over 4.8 million tons of diesel to the U.S. and global markets. Subsequently, Trump announced that both Russia and Ukraine agreed to enter an energy ceasefire. Ukrainian President Zelenskyy told media that if Trump and Russian President Putin reach an agreement, Ukraine should be informed when the ceasefire will begin.
The U.S. move to ease sanctions on Russia has immediately reduced uncertainty, causing oil prices and U.S. Treasury yields to retreat, while risk appetite improved, leading to mixed performances in tech and internet stocks; Alibaba (09988) rose 1.7% to HK$108.8; Xiaomi (01810) fell 4.2% to HK$24.88; NetEase (09999) rose 2.6% to HK$198.6; Baidu (09888) declined 0.5% to HK$82.6; Kuaishou (01024) dropped 1.3% to HK$29.7; Bilibili (09626) fell 0.8% to HK$119.4.
Currently, the Hang Seng Index stands at 24,288, up 76 points or 0.3%, with main board turnover exceeding HK$7.18 billion. The Hang Seng China Enterprises Index is at 8,168, up 21 points or 0.3%. The Hang Seng Tech Index is at 4,183, down 14 points or 0.3%.
| Stock (Code) | Current Price (HK$) | Change(%) |
|---|---|---|
| Tencent (00700) | 427.60 | Up 0.66% |
| Alibaba (09988) | 108.80 | Up 1.68% |
| Xiaomi (01810) | 24.88 | Down 4.16% |
| NetEase (09999) | 198.60 | Up 2.64% |
| Baidu (09888) | 82.60 | Down 0.48% |
| Kuaishou (01024) | 29.70 | Down 1.33% |
| Bilibili (09626) | 119.40 | Down 0.83% |
| Meituan (03690) | 71.50 | No change |
| JD.com (09618) | 105.10 | Down 0.47% |
