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Changes in Hong Kong stocks | Shandong Molong (00568) rose more than 10% in the afternoon, and the obvious escalation of the situation in the Middle East led to higher oil prices
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The Zhitong Finance App learned that Shandong Molong (00568) accelerated its rise in the afternoon, surging by more than 10% at one point. As of press release, it rose 8.86% to HK$4.115, with a turnover of HK$328 million.

According to the news, the obvious escalation of the situation in the Middle East led to higher oil prices. The main Brent oil futures contract rose by more than 2% during the day. According to reports, we learned on October 21, local time, that according to information from US officials and other people familiar with the matter, the US and Israeli military have made specific plans to launch another military attack on Iran after the US midterm elections. According to related sources, the targets of the new round of attacks may include Iran's energy infrastructure, nuclear facilities, and missile and drone arsenals.

Also, according to a report by Xinhua News Agency quoting Israel's Channel 12 TV station on the 21st, dozens of Israeli fighter jets and air tankers flew over Syrian and Iraqi airspace earlier this week, close to the Iranian border, and then returned. Furthermore, Iran's Revolutionary Guard Navy said today that from the night of the 21st to the 22nd, 3 ships were hit by lightning while trying to illegally cross the Strait of Hormuz, and 4 other ships were hit and caught fire while illegally transporting oil in the northern Persian Gulf.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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