Oil and gas resource stocks opened sharply lower, with multiple stocks including Continental Oil and Gas hitting daily limits down

K-LinePoet · 2026-03-17T09:42:36+00:00

Oil and gas resource stocks opened significantly lower, with Intercontinental Oil & Gas, Shandong Molong, Sinopec Oil Services, and Zhun Oil sharply declining by the daily limit, while China Energy, Terras, Potential Energy Hengtrust, Tongyuan Petroleum and others opened down over 10%. On the news front, on the 9th local time, U.S. President Trump stated at a press conference held in Miami, Florida, that U.S. military action against Iran would end "very soon," but "would not" end this week.

K-LinePoet

2026-03-17 09:42:36

Oil and gas resource stocks opened sharply lower, with Intercontinental Oil & Gas, Shandong Molong, Sinopec Oilfield Services, and Zhunyou Co., Ltd. hitting the daily limit down. Keli Co., Ltd., Tris, QianNeng HengXin, and Tongyuan Petroleum also opened more than 10% lower. On the news front, on the 9th local time, U.S. President Donald Trump stated at a press conference in Miami, Florida, that U.S. military actions against Iran will “end very soon,” but “will not” conclude within this week.

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