Jun 24, 2025, 15:31 GMT+7Less than 1 min read
(MT Newswires) - Hong Kong stocks gained for the second consecutive day this week as a ceasefire to end a 12-day conflict between Iran and Israel took effect, sending global oil prices sharply lower, easing concerns about disruptions to global supply.
The Hang Seng Index advanced 487.94 points, or 2.1%, to 24,177.07, while the Hang Seng China Enterprises Index climbed 163.09 points, or 1.9%, to 8,760.45.
US President Donald Trump said a ceasefire between Israel and Iran was now in place and urged both sides not to violate it, raising hopes of an end to the 12-day war even as attacks were reported in both countries.
Israeli Prime Minister Benjamin Netanyahu said the nation had agreed to the proposal, declaring it had achieved its objective of neutralizing Iran's nuclear and ballistic missile threat.
Iranian Foreign Minister Abbas Araghchi said in an earlier post that his country would stop firing so long as Israel does.
Oil prices hit their lowest in two weeks on Tuesday, alleviating worries of supply disruptions in the Middle East, a major oil-producing region.
Brent crude futures were down 5.3% at $67.66 a barrel while the US West Texas Intermediate crude fell 5.5% to $64.76 per barrel, according to Reuters.
In corporate news, aluminium maker China Hongqiaosurged 6% to close at HK$16.92 after projecting first-half earnings to rise 35% from a year prior.

Sumber : MT Newswires