[ET Net News Agency, 15 June 2026] The United States and Iran have stated that both sides agree to provisionally extend the ceasefire for 60 days and launch 60 days of negotiations regarding Iran's nuclear programme. Meanwhile, Pakistan, the mediating country, announced that the US and Iran will sign a memorandum in Geneva, Switzerland, this Friday. Subsequently, the United Kingdom, France, Germany, and Italy issued a joint statement expressing readiness to lift sanctions against Iran. According to US media citing multiple US officials and officials from countries mediating the Iranian conflict, the memorandum of reconciliation includes Iran's requirement to immediately reopen the Strait of Hormuz without charging any transit fees; Iran will also receive a 60-day temporary sanctions waiver based on its compliance with the agreement.
As the vital energy route resumes navigation, Asia-Pacific equities celebrated together. Korea's stock market rose over 5%, Japanese stocks jumped 4.9%, Taiwan's stock market moved up 2.8%, and the Shenzhen Component Index also gained 2.5%. However, Hong Kong stocks remained weak due to a lack of hot themes for speculation. Even though the market broke through 25,000 at the opening, selling pressure re-emerged afterwards. The HSI stood at 24,829 at midday, with its gains narrowing to 111 points or 0.5%. The Hang Seng China Enterprises Index reported 8,381, up 7 points or less than 0.1%. The Hang Seng Tech Index reported 4,748, up 42 points or 0.9%. Main board turnover exceeded HKD 159.1 billion at midday.
"Jaseper Tsang: Hong Kong stocks capped by 25,000 mark mainly due to structural and capital regulatory issues"
While a glimmer of hope for a ceasefire has emerged between the US and Iran, it remains difficult for Hong Kong stocks to effectively break through the psychological barrier of 25,000. Jaseper Tsang, Vice-Chairman of the Hong Kong Institute of Financial Analysts and Professional Commentators Limited, told ET Net News Agency that judging from the sharp drop in international oil prices, the market leans towards optimism regarding a long-term US-Iran ceasefire. However, Hong Kong stocks are constrained by the structural issues of constituent stocks and Mainland China's tightened supervision of non-compliant cross-border investments by domestic investors, causing Hong Kong stocks to be suppressed by the 25,000 mark. In the short term, the 250-day moving average (around 25,719 points) will form clear resistance. If international oil prices continue to retrace later, inflation expectations cool down further, and the Federal Reserve's post-meeting statement this week adopts a mild stance, the HSI will have a chance to break through 25,200 points. If the performance of overseas markets falls short of expectations, the HSI will fluctuate within the range of 24,500 points to 25,200 points.
Regarding the Middle East situation, Jaseper Tsang believes that there are still significant differences between the US and Iran over how to handle enriched uranium. It is expected that at least one to two months of negotiation time will be required before a permanent ceasefire agreement can truly be reached. The market currently still has misgivings, and it cannot be ruled out that both sides might spark sporadic conflicts or adopt military means to gain bargaining chips during the negotiation process.
"Parent company streamlining structure to enhance Geely Automobile's sustainable profitability"
Eric Li, Chairman of Geely Group, the parent company of Geely Automobile (00175), stated at an industry forum that to improve corporate governance, the structure will be streamlined by closing or merging some entities, and resources will be concentrated on its subsidiary listed in Hong Kong. He pointed out that the relationship between Geely Holding Group Company Limited and Geely Automobile Holdings Limited will be straightened out, and redundant departments will be gradually closed to establish a more efficient corporate architecture and advance the "One Geely" strategy; Geely will orderly close, suspend, merge, or shift related redundant entities of Geely Holding Group Company Limited, and concentrate superior resources to strengthen the core listed platform of Geely Automobile Holdings Limited.
Jaseper Tsang expressed that Li's remarks indicate that Geely Group will push forward resource integration and brand restructuring in the future. In the short term, this news creates a positive impact on Geely Automobile's share price, with expectations that the group will inject more assets, brands, and resources into Geely Automobile. In the long run, resource integration is expected to enhance Geely Automobile's sustainable profitability. However, this currently remains at the level of market sentiment and expectations, and the ultimate outcome will depend on the subsequent progress of integration. The market will only re-evaluate the company's value after the progress materialises. Regarding Geely's share price, Jaseper Tsang believes that combining the valuation level with the growth potential of its overseas business, Geely's current price (around HKD 20) is undervalued, and there will be opportunities to repeatedly challenge HKD 23 later.
As the vital energy route resumes navigation, Asia-Pacific equities celebrated together. Korea's stock market rose over 5%, Japanese stocks jumped 4.9%, Taiwan's stock market moved up 2.8%, and the Shenzhen Component Index also gained 2.5%. However, Hong Kong stocks remained weak due to a lack of hot themes for speculation. Even though the market broke through 25,000 at the opening, selling pressure re-emerged afterwards. The HSI stood at 24,829 at midday, with its gains narrowing to 111 points or 0.5%. The Hang Seng China Enterprises Index reported 8,381, up 7 points or less than 0.1%. The Hang Seng Tech Index reported 4,748, up 42 points or 0.9%. Main board turnover exceeded HKD 159.1 billion at midday.
"Jaseper Tsang: Hong Kong stocks capped by 25,000 mark mainly due to structural and capital regulatory issues"
While a glimmer of hope for a ceasefire has emerged between the US and Iran, it remains difficult for Hong Kong stocks to effectively break through the psychological barrier of 25,000. Jaseper Tsang, Vice-Chairman of the Hong Kong Institute of Financial Analysts and Professional Commentators Limited, told ET Net News Agency that judging from the sharp drop in international oil prices, the market leans towards optimism regarding a long-term US-Iran ceasefire. However, Hong Kong stocks are constrained by the structural issues of constituent stocks and Mainland China's tightened supervision of non-compliant cross-border investments by domestic investors, causing Hong Kong stocks to be suppressed by the 25,000 mark. In the short term, the 250-day moving average (around 25,719 points) will form clear resistance. If international oil prices continue to retrace later, inflation expectations cool down further, and the Federal Reserve's post-meeting statement this week adopts a mild stance, the HSI will have a chance to break through 25,200 points. If the performance of overseas markets falls short of expectations, the HSI will fluctuate within the range of 24,500 points to 25,200 points.
Regarding the Middle East situation, Jaseper Tsang believes that there are still significant differences between the US and Iran over how to handle enriched uranium. It is expected that at least one to two months of negotiation time will be required before a permanent ceasefire agreement can truly be reached. The market currently still has misgivings, and it cannot be ruled out that both sides might spark sporadic conflicts or adopt military means to gain bargaining chips during the negotiation process.
"Parent company streamlining structure to enhance Geely Automobile's sustainable profitability"
Eric Li, Chairman of Geely Group, the parent company of Geely Automobile (00175), stated at an industry forum that to improve corporate governance, the structure will be streamlined by closing or merging some entities, and resources will be concentrated on its subsidiary listed in Hong Kong. He pointed out that the relationship between Geely Holding Group Company Limited and Geely Automobile Holdings Limited will be straightened out, and redundant departments will be gradually closed to establish a more efficient corporate architecture and advance the "One Geely" strategy; Geely will orderly close, suspend, merge, or shift related redundant entities of Geely Holding Group Company Limited, and concentrate superior resources to strengthen the core listed platform of Geely Automobile Holdings Limited.
Jaseper Tsang expressed that Li's remarks indicate that Geely Group will push forward resource integration and brand restructuring in the future. In the short term, this news creates a positive impact on Geely Automobile's share price, with expectations that the group will inject more assets, brands, and resources into Geely Automobile. In the long run, resource integration is expected to enhance Geely Automobile's sustainable profitability. However, this currently remains at the level of market sentiment and expectations, and the ultimate outcome will depend on the subsequent progress of integration. The market will only re-evaluate the company's value after the progress materialises. Regarding Geely's share price, Jaseper Tsang believes that combining the valuation level with the growth potential of its overseas business, Geely's current price (around HKD 20) is undervalued, and there will be opportunities to repeatedly challenge HKD 23 later.
