Low-priced oil and gas stocks in Hong Kong opened higher, with Geely New Energy (03395.HK) rising nearly 15%, Yanchang Petroleum International (00346.HK) rising more than 11%, and Petro-king Oilfield Services (02178.HK) rising more than 13%.

The Hang Seng Index in Hong Kong opened at 23,859.55 points, down 120.75 points, or 0.5%, on Wednesday, June 18. The Hang Seng Tech Index opened at 5,261.42 points, down 30.43 points, or 0.58%, on Wednesday, June 18. The CSI 300 Index opened at 8,657.21 points, down 37.46 points, or 0.43%, on Wednesday, June 18. The H-share Index opened at 4,115.0 points, down 12.3 points, or 0.3%, on Wednesday, June 18.

Hang Seng Index futures opened down 0.4% at 23,878 points, 102 points below the spot price.

Japanese Prime Minister Shigeru Ishiba: In the current strategic environment, cooperation between Japan and South Korea, and between Japan and the United States and South Korea is becoming increasingly important.

Japanese Prime Minister Shigeru Ishiba: During the summit, I felt the unity and ability of the G7 to respond to global challenges.

The yield on five-year Japanese government bonds fell 3 basis points to 1%.

Japanese Prime Minister Shigeru Ishiba: Japan and the United States have been working hard to find a breakthrough in the trade agreement until the last minute.

Japanese Prime Minister Shigeru Ishiba: We will continue to make every effort to push for a trade agreement with the United States.

The G7 leaders called for the release of all hostages in Gaza and an immediate and permanent ceasefire.

ConocoPhillips (COP.N) CEO: Forecasts show ASEAN will become a net importer of LNG in the early 2030s.

G7 leaders explore all options to put pressure on Russia and consider imposing financial sanctions on Russia.

Canadian Prime Minister Carney: We are paying attention to the risk of steel from third countries flowing into Canada.

Canadian Prime Minister Carney: We remain flexible.

According to CBS News: A spokesperson for Meta Platforms (META.O) expressed concern about Iran telling its citizens to stop using WhatsApp.

Canadian Prime Minister Carney: It makes sense to cooperate with the United States and discussions on the Golden Dome missile defense system will continue.

Canadian Prime Minister Carney: Canada could become a liquefied natural gas superpower.

Futures News on June 18th: In the short term, the market will still trade the geopolitical situation in the Middle East, and oil prices will hover at a high level. From a fundamental perspective, the summer driving travel peak season is approaching, the refinery operating rates of major oil-consuming countries have recovered from maintenance, and the China-US trade negotiations concluded in London have made positive progress. The macro environment is also relatively loose at present, and the actual production increase of OPEC+ is not ideal. The production of shale oil in the United States has also declined for seven consecutive weeks. However, after the rapid and substantial rise in oil prices, there is a certain technical adjustment space. From a long-term perspective, as the supply side maintains a growth trend, and demand is constrained by the sluggish prospects for economic recovery and the substitution of new energy, oil prices will fall from a high level.