Mei Ri Jing Ji Xin Wen·2025-06-23 07:15Market Reaction - The Asia-Pacific stock markets opened lower, with Taiwan's Weighted Index down by 1.58%, Japan's Nikkei 225 down by 0.3%, and India's SENSEX down by 0.61% [1][2]. Oil Market Impact - Tensions in the Middle East have led to a significant increase in oil prices, with U.S. oil rising over 6% and Brent oil increasing over 5% on June 23 [7][12]. - Goldman Sachs warned that Brent crude oil prices could spike to $110 per barrel if oil flow through the Strait of Hormuz is halved in the first month and remains 10% lower for the following 11 months [14]. - The Baltic Dirty Tanker Index (BDTI) reached $57,758 per day, the highest since April 2024, reflecting a 154% increase from $22,764 per day on June 12 [12]. Shipping and Trade Concerns - Two supertankers changed course near the Strait of Hormuz, indicating heightened caution among shipping companies regarding potential disruptions in this critical waterway [10][12]. - The Greek shipping department advised vessels planning to transit the Strait to reassess their routes due to the escalating situation [12]. Sector Performance - In the A-share market, shipping and oil & gas stocks saw significant gains, with several companies in these sectors reporting increases of over 10% [4][5][6]. - The military industry also showed strength, with companies like Changcheng Military Industry rising by 10.02% [7].