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24/09/2026 14:10

Air China and China Eastern both fall 4%, oil prices end five-day losing streak as Brent crude reclaims $100

    Economic Information Daily (24th special dispatch): Air China (00753) is currently down 3.9%, trading at HK$3.705, with approximately 12.6 million shares traded, involving a turnover of HK$469.5 million, reaching a high of HK$3.83 and a low of HK$3.7; China Eastern (00670) down 3.8%, at HK$2.525; China Southern (01055) down 3.3%, at HK$2.92.

    Iranian President Pezeshkian speaking at the United Nations General Assembly said Tehran does not rule out negotiations but refuses to be threatened, and as long as sanctions and blockades remain, Iran will not allow free passage through the Strait of Hormuz.

    In addition, expectations for a U.S. interest rate hike next month have intensified, and the U.S. dollar index has strengthened. Oil prices ended their previous five-day losing streak; overnight, New York crude futures rebounded 1.81%, closing at $92.16 per barrel, while Brent crude rose 3.86%, closing at $103.08.

    Currently, oil prices are hovering at high levels, with the latest New York crude futures at $92.25 per barrel, up 0.10%; Brent crude at $103.23 per barrel, up 0.15%.

    Currently, the Hang Seng Index stands at 24,717, down 116 points or 0.5%, with main board turnover nearing HK$108.8 billion. The H-share Index is at 8,249, down 24 points or 0.3%. The Hang Seng Tech Index is at 4,348, down 30 points or 0.7%. (vs)
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