Market Updates
Higher Energy and Raw Material Prices Ripple Through Global Supply Chain, Eoptolink Technology In Focus
Li Chen
24 Apr, 2026
Hong Kong
China's stock market indexes turned lower and extended weekly losses amid ongoing uncertainty in the Persian Gulf.
The Hang Seng Index fell 0.2%, and the mainland-focused CSI 300 Index dropped 0.9% as investors lowered expectations for de-escalations in the Middle East tensions.
Brent crude oil prices edged up 0.6% to $105.71 a barrel as Iran and the U.S. continued their blockade of energy product shipments through the Strait of Hormuz.
Chinese manufacturers raised prices for exported goods as higher fuel and raw material prices rippled through the supply chain, fueling global inflation forces.
For now, crude oil and LPG (liquefied petroleum gas) prices are likely to stay elevated near the recent highs, and Gulf nations are struggling to restore oil production to the pre-war levels.
China Indexes and Stocks
The Hang Seng Index decreased 0.2% to 25,862.61, and the mainland-focused CSI 300 Index fell 0.9% to 4,745.79.
For the week, the Hang Seng Index edged up 1.3%, and the mainland-focused CSI 300 Index decreased 0.3%.
Alibaba Group, Tencent Holdings, and Baidu Inc. declined between 1% and 2%.
Eoptolink Technology decreased 12.5% to 531.38 yen despite the company reporting that both revenue and net income more than doubled from a year ago in the first quarter.
Revenue increased 106% to 8.3 billion yuan from 4.1 billion yuan, net income attributable to shareholders soared 76.8% to 2.78 billion yuan, and basic earnings per share increased to 2.80 yuan from 2.22 yuan a year ago.
Annual Returns
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