PetroChina leads slide in Hong Kong-listed oil stocks as oil prices dip

China Petroleum and Chemical

05/11/2026 02:44

** Shares of PetroChina 0857.HK fall as much as 7.2% to HK$10.03, on course for the biggest one-day pct drop since May 7, and leading slide in Hong Kong-listed oil-related stocks
** Stock hits lowest since October 29; second-biggest pct loser in Hang Seng Composite Index on Energy .HSCIE, which falls 3.5%
** Shanghai-listed stock 601857.SS drops 8%
** Oil prices fell more than 8% to settle at their lowest in more than two months on Wednesday after President Donald Trump's Republican Party lost control of Congress in midterm elections, as investors bet that the shift in power could hasten the end of the US-Israeli war with Iran
** Hong Kong shares of CNOOC 0883.HK fall 3.4%, China Oilfield 2883.HK drops 2.8%, Sinopec Corp 0386.HK slips 1.4%
** Shanghai shares of CNOOC 600938.SS drop 6.1%, China Oilfield 601808.SS eases 2.9% and Sinopec 600028.SS is down 3.3%
** YTD, benchmark Hang Seng Index .HSI down 3.7%, CSI300 Index .CSI300 down 11%
      





 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))