(RTTNews) - The Hong Kong stock market has moved higher in consecutive trading days, rallying more than 500 points or 2 percent along the way. The Hang Seng Index now sits just above the 25,750-point plateau although it may see renewed consolidation on Monday. The global forecast for the Asian markets is negative on surging oil prices and the ongoing war in the Middle East. The European and U.S. m...
(RTTNews) - The Hong Kong stock market has moved higher in consecutive trading days, rallying more than 500 points or 2 percent along the way. The Hang Seng Index now sits just above the 25,750-point plateau although it may see renewed consolidation on Monday. The global forecast for the Asian markets is negative on surging oil prices and the ongoing war in the Middle East. The European and U.S. markets were down and the Asian bourses are expected to open in similar fashion. The Hang Seng finished sharply higher on Friday following gains from the financial shares and technology stock, while the property sector was mixed. For the day, the index jumped 435.95 points or 1.72 percent to finish at 25,757.29 after trading between 25,267.63 and 25,806.72. Among the actives, Alibaba Group spiked 3.48 percent, while Alibaba Health Info accelerated 3.22 percent, ANTA Sports improved 2.16 percent, China Life Insurance rose 0.63 percent, China Mengniu Dairy surged 6.95 percent, China Resources Land climbed 2.45 percent, CITIC fell 0.25 percent, CNOOC slumped 0.89 percent, CSPC Pharmaceutical jumped 2.97 percent, ENN Energy tanked 2.15 percent, Galaxy Entertainment perked 0.16 percent, Haier Smart Home added 1.13 percent, Hang Lung Properties gained 1.05 percent, Henderson Land stumbled 2.24 percent, Hong Kong & China Gas sank 0.27 percent, Industrial and Commercial Bank of China collected 0.79 percent, JD.com skyrocketed 9.95 percent, Lenovo increased 2.06 percent, Li Auto vaulted 2.82 percent, Li Ning advanced 2.40 percent, Meituan rallied 3.15 percent, New World Development dropped 0.73 percent, Nongfu Spring strengthened 2.87 percent, Techtronic Industries tumbled 1.98 percent, Xiaomi Corporation soared 3.79 percent and WuXi Biologics expanded 2.54 percent. The lead from Wall Street is weak as the major averages opened lower on Friday and remained under water throughout the trading day, ending near session lows. The Dow dropped 453.19 points or 0.95 percent to finish at 47,5...
A woman travelling hands her travel documents to a TSA officer at Los Angeles International Airport on May 7, 2025. Frederic J. Brown | AFP | Getty Images Travelers struggled with hours-long security lines at some airports as officials warned of Transportation Security Administration staffing shortages amid the partial government shutdown. Houston's William P. Hobby Airport told customers Sunday t...
A woman travelling hands her travel documents to a TSA officer at Los Angeles International Airport on May 7, 2025. Frederic J. Brown | AFP | Getty Images Travelers struggled with hours-long security lines at some airports as officials warned of Transportation Security Administration staffing shortages amid the partial government shutdown. Houston's William P. Hobby Airport told customers Sunday to arrive as early as 5 hours before their flights, and warned that security wait times could exceed three hours. The partial government shutdown has meant that TSA officers are working but without regular paychecks. TSA callouts rose during the 2018-2019 government shutdown, prompting the closure of some checkpoints and leading to longer screening lines. It ended hours after a shortfall of air traffic controllers curtailed flights on the East Coast. The current shutdown, however, is affecting only Department of Homeland Security employees, including TSA officers. Hartsfield-Jackson Atlanta International Airport, the world's busiest, as well as Louis Armstrong New Orleans International Airport, said travelers should arrive at least 3 hours early because of the disruptions. "Due to impacts from the federal government's partial shutdown, there is a shortage of TSA workers at the security checkpoint," New Orleans' airport said on a post on X. "The Airport has staff on hand to help keep the lines organized, and we will continue to coordinate with our federal partners with the TSA as they navigate this issue. Sunday's disruptions rattled the airline industry and travelers just as the busy spring-break travel period gets underway. Read more CNBC airline news United CEO Scott Kirby says higher airfare could be ahead after fuel price spike Iran war threatens $11.7 trillion global travel industry as passengers get caught in crossfire United Airlines is overhauling its MileagePlus loyalty program to favor credit cardholders Spirit Airlines plans to slash flights, fleet in bid to emerg...
With oil at $1o8, he question of what happens to Nvidia if oil hits $150 sounds dramatic. But the real answer reveals something important about what kind of company Nvidia actually is. The Short Answer: Not Much Directly Nvidia (NASDAQ:NVDA) is a fabless semiconductor company. It designs chips, outsources manufacturing to TSMC, and sells the ... Does $150 Oil Matter to Nvidia?
With oil at $1o8, he question of what happens to Nvidia if oil hits $150 sounds dramatic. But the real answer reveals something important about what kind of company Nvidia actually is. The Short Answer: Not Much Directly Nvidia (NASDAQ:NVDA) is a fabless semiconductor company. It designs chips, outsources manufacturing to TSMC, and sells the ... Does $150 Oil Matter to Nvidia?
Vladimirovic/E+ via Getty Images Investment Thesis I recommend selling the Breakwave Tanker Shipping ETF (NYSEARCA: BWET ). This is one of the unleveraged ETFs that rise the most in 2026, and its performance is completely related to the war in Iran. My intention in this article is to show through solid arguments that the time is not interesting to invest in assets like BWET, which track the prices...
Vladimirovic/E+ via Getty Images Investment Thesis I recommend selling the Breakwave Tanker Shipping ETF (NYSEARCA: BWET ). This is one of the unleveraged ETFs that rise the most in 2026, and its performance is completely related to the war in Iran. My intention in this article is to show through solid arguments that the time is not interesting to invest in assets like BWET, which track the prices of maritime oil freight. Breakwave Tanker Shipping ETF Incredible as it may seem, BWET is the first ETF on the market to track crude oil tanker shipping prices. The manager uses futures contracts to reflect the prices of crude oil transportation, an extremely volatile and important market in current global dynamics. 90% of the portfolio has TD3C futures contracts (VLCCs), mostly used to transport oil from the Middle East to Asia by large oil tankers. 10% are TD20 (Suezmax) futures contracts for crossing the Suez Canal. Portfolio Allocation (Amplify) The expense ratio is 3.50%, and the ETF has $19 billion in assets under management. It is also important to remember that this ETF does not have holdings but rather futures contracts. Therefore, the investor will be exposed to the impact of the dynamics of the rollover of futures contracts on the BWET price. If it is in backwardation (when the rollover implies the purchase of a futures contract with a lower price), there is a positive yield on the rollover; however, if it is in contango (when the rollover implies the purchase of a more expensive futures contract), there is a negative yield on the rollover. The BWET portfolio has 90% of the portfolio allocated to futures contracts that track freight prices for oil ships that follow the route from the Middle East to China. This means that this is perhaps the most sensitive asset on planet Earth to the closure of the Strait of Hormuz. BWET Focused Routes (Amplify) The Tanker Shipping Market Before addressing the impact of the closure of the Strait of Hormuz in the thesis, it is ne...
Just_Super/E+ via Getty Images Investment Thesis The combination of fundamentally weak EV sales and the potentially dire economic effects on the market that we can expect if the Iran war continues for much longer has the potential to create a second lithium mining buying opportunity this decade. SQM ( SQM ) may be well-positioned to benefit from the longer-term prospect of EV sales continuing to r...
Just_Super/E+ via Getty Images Investment Thesis The combination of fundamentally weak EV sales and the potentially dire economic effects on the market that we can expect if the Iran war continues for much longer has the potential to create a second lithium mining buying opportunity this decade. SQM ( SQM ) may be well-positioned to benefit from the longer-term prospect of EV sales continuing to rise globally. I foresee a shift from government-supported growth in the industry to more sustainable market-supported growth taking shape, especially after the full effects of the Iran conflict fade, and we will be back to some sort of normal, fundamentals-driven economic activities. The trigger factor is likely to be a growing realization that with the US shale boom now over, there are few prospects left for a sustained global oil supply growth trajectory. The long-term future is therefore one of higher liquid fuel prices, which makes EVs more market competitive. Stock Remains a Sell The last time I covered SQM, I indicated my intent to sell my entire position, which I did in November. In hindsight, that was a mistake, because even after the recent selloff, its share price is still up over 20% since then. SQM stock price & other metrics. (Seeking Alpha) Given the situation with the Iran war, I am having a hard time rating much of anything as a buy at this moment, aside from oil & gas companies. I think SQM will continue to sell off together with the rest of the market for the duration of this war. Once this war shows signs of ending, I intend to pivot from a sell to a buy. SQM Shows Decent Financial Results For the fourth quarter of last year, SQM reported a beat of $71.2 million in revenues while missing on profits by $.16/share. Compared with the prior year, revenues were more or less flat, Y-O-Y, coming in at $4.58 billion in 2025 . Net income results were a significant improvement compared with 2024, coming in at $588 million versus a loss of $404 million in 2024. SQM ...
The couple's baby news was not the first time they made headlines in 2025. In February, A$AP Rocky was found not guilty of firing a gun at a former friend, in a trial that saw Rihanna bring her two sons to court.
The couple's baby news was not the first time they made headlines in 2025. In February, A$AP Rocky was found not guilty of firing a gun at a former friend, in a trial that saw Rihanna bring her two sons to court.