Hong Kong stocks extend rebound as proposed release from oil reserve soothes fears

AdvertisementHong Kong stock marketBusinessMarketsHong Kong stocks extend rebound as proposed release from oil reserve soothes fearsChinese battery giant Contemporary Amperex Technology leads the rise, gaining 5 per cent after profit surge1-MIN READ1-MIN ListenCao LiPublished: 10:10am, 11 Mar 2026Hong Kong stocks rose on Wednesday as fears over surging oil prices eased and Chinese tech names rebounded after a deep rout.The Hang Seng Index gained 0.5 per cent to 26,028.00 as of 9.36am.

The Hang Seng Tech Index edged up 0.6 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index were little changed.Oil prices fluctuated after the Wall Street Journal reported that the International Energy Agency proposed the largest ever oil release from its strategic reserve. The move is expected to bring down crude prices, which have been rocketing since the beginning of the US-Iran war in February.AdvertisementBrent was about US$87.85 a barrel, far lower than the US$120 level it hit early this week.

West Texas Intermediate oil traded at about US$83.50.Chinese electric-vehicle battery giant Contemporary Amperex Technology Ltd led the rise, gaining 5 per cent to HK$577.50, the highest since October. On Monday, the company reported a 42 per cent jump in net profit last year on strong battery sales and an expansion into new energy storage scenarios. Xinyi Solar, one of the world’s largest makers of glass used in the construction of solar panels, rose 4.8 per cent to HK$3.43. Geely Automobile surged 3.6 per cent to HK$16.64.AdvertisementLimiting gains, textile manufacturer Shenzhou International Group fell 3.3 per cent to HK$55.80. NetEase lost 2.7 per cent to HK$182.90, while CSPC Pharmaceutical Group dropped 2.4 per cent to HK$9.04.AdvertisementSelect VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x