Despite a soft broader market, coal-related stocks moved higher during the morning trading session on Tuesday, with several key players posting notable gains.
Shougang Resource Holdings Ltd (HKEX: 00639) led the advance, rising 4.26% to HK$3.06 at the time of writing. Kinetic Development Group Ltd (HKEX: 01277) followed closely with a 2.81% gain, trading at HK$2.195.
Other major coal producers also joined the rally, with Yankuang Energy Group Co Ltd (HKEX: 01171) up 2.48% to HK$14.03, while Yancoal Australia Ltd (HKEX: 03668) added 1.46% to reach HK$34.72.
The sector's resilience comes as investors appear to rotate into coal plays despite the broader market's softer tone, underscoring sustained interest in energy names amid ongoing supply-demand dynamics.