The concept of oil boosts the Hong Kong stock market against the trend, Shandong Molong surged more than 30% at one point.

In the afternoon, oil concept Hong Kong stocks rose against the trend. As of the press time, Shandong Molong rose 28%, Baiqin Oilfield Services rose 9%, and CNOOC rose 2%. In related markets, Brent crude oil futures rose by over 5%, reaching $97.5 per barrel, while WTI crude oil futures rose by 4.5%. Earlier, an Iranian petrochemical company was hit by a military airstrike.