Market Updates
China and Hong Kong Indexes Soared 3% After the US and Iran Agreed to a Temporary Ceasefire
Li Chen
08 Apr, 2026
Hong Kong
Stock market indexes in mainland China and Hong Kong soared following a temporary truce in the Persian Gulf.
The Hang Seng Index soared nearly 3%, and the mainland-focused CSI 300 Index gained more than 2.5% amid a lull in the US-Iran war.
Brent crude oil prices plunged 14% to $94.41 a barrel after the U.S. and Iran agreed to a two-week ceasefire, raising hopes that the flow of energy products could accelerate in the near future.
About 20% of the world's crude oil supply passes through the critical waterway, and the surge in oil prices over the last five weeks has stoked fears of global stagflation.
Benchmark indexes in South Korea and Japan soared more than 4% amid improving risk appetite and receding fears of war escalation in the Persian Gulf.
China is relatively buffeted from the latest oil price shock, as the world's largest economy has built oil reserves that could last at least two months, and over the last decade the country has reduced its reliance on fossil fuels.
China Indexes and Stocks
The Hang Seng Index advanced 2.9% to 25,847.32, and the mainland-focused CSI 300 Index soared 2.7% to 4,563.03.
Alibaba Group, Tencent Holdings, Baidu Inc., and Meituan jumped between 4% and 6%.
CNOOC, PetroChina, and China Petroleum and Chemical decreased between 0.5% and 5%, reflecting a sharp decline in international oil prices.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|