A new conflict breaks out in the Middle East. The KPI falls more than 3%. Crude oil exceeds US$90 per barrel. Hong Kong stocks' "three barrels of oil" collectively rise.

On Friday (19th), Hong Kong stocks expanded their losses, with the Hang Seng Technology Index falling more than 3% and Hong Kong’s Hang Seng Index falling 1.59%. The "three barrels of oil" in Hong Kong stocks rose collectively, with China National Offshore Oil Corporation (HK:0883) rising by more than 3%, PetroChina (HK:0857) rising by more than 2%, and China Petroleum & Chemical Corporation (HK:0386) rising by more than 1%.

On the news, the Israeli military launched military strikes on 7 targets in Iran. Reports of new conflicts in the Middle East shocked the global market. Oil prices rose by more than 3%. Brent crude oil once exceeded 90 US dollars per barrel, and WTI crude oil soared to 90 US dollars per barrel. Nearly $86. Spot gold soared by more than $15 in the short term, currently reaching a maximum of $2,389.38 per ounce, setting a new intraday high. U.S. stock index futures fell more than 1%, Asian stock markets also fell, Japanese and Korean stock markets fell more than 2%, and the Australian stock index fell more than 1%.

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