Iran vows to retaliate, pushing oil prices higher. Will Hong Kong stocks escape unscathed? New business erodes profits. JD.com’s earnings struggle to save its stock price?

2026-03-06 02:03:32

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The Middle East conflict escalates. Iran’s foreign minister stated they will not seek a ceasefire with the US and Israel. Iran also claimed that its naval aircraft attacked a US oil tanker in the northern Persian Gulf. Market concerns over oil supply have driven up oil prices, sparking inflation worries, and causing US stocks to fall sharply. After the sharp decline, are US markets still at risk? Can Hong Kong stocks escape unscathed?

JD.com (09618) Last quarter’s earnings turned from profit to loss, with a loss of about 2.7 billion RMB, marking the first red in nearly four years. Following the central government’s push for the “anti-inflation” policy last year, there have been continuous discussions with food delivery platforms since the second half of the year. The food delivery war has significantly cooled down, but JD.com’s new businesses still recorded nearly 15 billion RMB in losses, becoming the main factor eroding profits. Is it difficult for the earnings to save the stock price?

Independent analyst Wen Jie will join you at 9:00 AM today on “ET Market Opening Live” to discuss the market.

https://video.hket.com/video/4094129

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Editor in charge: Ye Miao

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