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

By Reuters News02:44 (UTC), 5 November 2026 Updated

** Shares of PetroChina 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 fall 3.4%, China Oilfield drops 2.8%, Sinopec Corp 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%