Market Overview - The Hang Seng Index closed at 25,408, down 1.35% for the day and 0.87% year-to-date[3] - The S&P 500 rose by 0.88%, while the Nasdaq increased by 1.38%[3] - The Nikkei 225 index fell by 5.20%, marking a significant decline due to rising oil prices and geopolitical tensions[12] Oil Price Impact - Brent crude oil prices surged over 27%, reaching $118.5 per barrel, the highest since June 2022[9] - UBS estimates that a $1 increase in Brent crude oil reduces annual profits for major airlines by approximately $360 million to $430 million[9] - HSBC research indicates that a 10% rise in oil prices could lead to a profit reduction of about 68% for Chinese airlines[9] Geopolitical Developments - Trump announced that the military objectives against Iran are "basically complete," suggesting a potential end to the conflict soon[12] - The market reacted positively to Trump's comments, with major U.S. indices closing higher[9] - Concerns remain that unless the conflict resolves quickly, sustained high oil prices could severely impact the economy[9] Sector Performance - Airline stocks continued to decline, with China Aircraft Leasing down over 6% and Cathay Pacific down over 5%[9] - AI-related stocks saw significant gains, with companies like Zhixin Technology rising over 51%[9] - Energy stocks, particularly oil and gas services, experienced substantial increases, with Baikin Oil Services up over 40%[9]