TRANSPORT INT'L (00062.HK) -0.050 (-0.470%) Short selling $8.47K; Ratio 0.320% has issued an announcement saying that the ongoing crisis in the Middle East has led to a sharp surge in global crude oil prices.While the Hong Kong Government announced on April 9, 2026, measures to address rising fuel prices by providing two months of short-term support to the industry, including fuel and toll subsidies as well as the establishment of a Working Group on Public Transport Service Special Applications, these short-term targeted measures will only partially offset the additional fuel costs, and TRANSPORT INT'L will still have to bear the severe impact of rising fuel prices.Since late February 2026, diesel prices have risen sharply by nearly 200% from roughly USD90 to USD250 per barrel. Forward indicators also suggest that such elevated diesel prices are likely to persist in the near term.TRANSPORT INT'L stressed that the financial impact on it will largely depend on the forthcoming changes in fuel prices. It will continue to monitor the market developments, conduct ongoing assessments, and formulate appropriate operational and financial strategies to address the impact of rising fuel prices.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.)
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