Changes in Hong Kong stocks | Aviation stocks fell under pressure, China Southern Airlines (01055) fell by more than 3% The situation in the Middle East is at an impasse, and oil prices fluctuate at a high level

The Zhitong Finance App learned that aviation stocks were under collective pressure. As of press release, China Southern Airlines (01055) fell 2.97% to HK$3.1; Air China (00753) fell 2.52% to HK$3.875; and Eastern Airlines (00670) fell 2.28% to HK$2.785.

According to the news, the US and Iran are holding their own opinions on control of the strait, and oil prices remain above 90 US dollars without progress in negotiations. Earlier, US President Trump said that the US is not currently in any negotiations with Iran, and insisted that navigation has resumed in the Strait of Hormuz, which contradicts Iran's claim that this key waterway is still closed to shipping. The temporary cease-fire agreement expired on Monday. It is worth noting that due to the war in the Middle East, aviation fuel prices were boosted, and the three major airlines collectively lost more than 7.3 billion dollars in the first half of the year.

Huatai Securities believes that the summer travel season reached its peak in early August, and civil aviation ticket price performance improved marginally. The same increase was 2.6% from August 3 to August 16. However, the consideration base was not high, the summer travel season did not have an obvious peak season effect, and the sector's attention was low. Looking ahead, we will continue to pay attention to international oil prices and high-frequency data trends. We are still optimistic about the bottom recovery in the medium to long term, and the layout on the left is cost-effective.