[Hong Kong Stock Market] Hang Seng Index drops 277 points in the first half-day, nearly holding at 25,000; Xiaomi falls 4% to break bottom; Alibaba and Meituan drop 3%; Geely defies the trend, rising over 6% to hit a new high (updating continuously)

SocialAnxietyStaker · 2026-04-02T04:16:13+00:00

Hong Kong stocks opened lower due to Trump's remarks, with the Hang Seng Index falling more than 200 points. It closed at 25,016 points at midday, barely holding above 25,000, with a trading volume of 116.2 billion yuan. Several tech stocks such as Alibaba and Meituan declined by over 3%. Geely and Sunny Optical rose against the trend, gaining more than 6% and 5% respectively. The Asia-Pacific market situation continues to fluctuate.

SocialAnxietyStaker

2026-04-02 04:16:13

Abstract generation in progress

[Hang Seng Index/恒生指數/恒指/HSI/Hang Seng Index/Hong Kong Stocks/Night Futures/ADR] Hong Kong stocks fell after a long period of pressure, with U.S. President Trump’s remarks weighing on sentiment. The Hang Seng Index opened 39 points lower, at 25,254. The decline then widened to more than 200 points, hovering around the 25,000 level. In the first half of the day, Hong Kong stocks were down 277 points. The Hang Seng Index closed at 25,016 at midday, barely holding above 25,000. Turnover was HK$116.2 billion. The Hang Seng Tech Index fell 2.2%, to 4,651. Alibaba (09988)
, Meituan (03690)
both fell more than 3%. Xiaomi (01810)
fell 4%, breaking below support. PetroChina (00857)
and CNOOC (00883)
rose 1% and 0.8%, respectively, bucking the trend. Geely (00175)
rose more than 6% to a new high. Sunny Optical (02382)
rose more than 5%.

U.S. stock market updates are ongoing—for details, see: Next page

Intraday trend:

[12:00] Hong Kong stocks were down 277 points for the first half of the day. The Hang Seng Index closed at 25,016 at midday, barely holding above 25,000, with turnover of HK$116.2 billion. The Hang Seng Tech Index fell 2.2%, to 4,651. Alibaba (09988)
, Meituan (03690)
fell more than 3%. Xiaomi (01810)
fell 4%, breaking below support. PetroChina (00857)
and CNOOC (00883)
rose 1% and 0.8%, respectively, bucking the trend. Geely (00175)
rose more than 6% to a new high. Sunny Optical (02382)
rose more than 5%.

[11:42][Hong Kong stocks analysis] The Hang Seng Index’s decline widened to more than 200 points. China Everbright Securities: Don’t overcommit before the long holiday; the uptrend in the bull market is still intact—what kind of stocks to look for during the earnings season?

[11:31] Some recently listed stocks saw bargain-hunting and strong buying support. Tech Vision (06636)
rose more than 20%, and Fu Li Industry (03625)
rose 9%.

[11:31][Hong Kong FinTech Association] White paper: The adoption rate of AI applications in Hong Kong’s financial services industry is 38%, above the global average

[10:47] Zhipu (02513)
gave back 14%; MINIMAX (00100)
fell more than 9%. Xunce (03317)
rose nearly 2% against the trend.

[AI+2513] Zhipu releases GLM-5V-Turbo, a multimodal Coding foundation model for visual programming

[10:26] Alibaba (09988)
, Meituan (03690)
, and Xiaomi (01810)
fell more than 3%. Tencent (00700)
fell 1%+.

[10:24] Sunny Optical (02382)
rose more than 4% against the trend and hit 60.1 yuan.

[10:13] The market is down by about 250 points, and it tests the 25,000 support level again.

[09:38] Geely (00175)
rose 5% against the trend, breaking to a new high at 23.14 yuan.

[09:22] The Hang Seng Index opened 39 points lower, at 25,254. Turnover was HK$3.06 billion. The Hang Seng Tech Index fell 0.5%, to 4,732. Alibaba (09988)
fell more than 1%. HSBC (00005)
rose 0.8%. Zijin (02899)
rose another 0.9%.

[09:07][22] “Rent collection king” the Lun family plans to sell Mofun Holdings with a 38% discount in full—raising up to HK$230 million

[08:58] Hang Seng Index mini futures rose by about 105 points, to 25,367.

[08:31][9863] Stellantis reportedly held talks with Leapmotor on collaborating to produce electric vehicles at idle plants in Canada

[07:45][Morning精點] SpaceX secretly filed an IPO application | One article to understand the performance of China’s new-energy-vehicle companies in March | Zhipu AI sees target price raised by JPMorgan

[07:45] Night session futures close up 3 points, closing at 25,301. The China concept stock index rose 0.3%, closing at 6,774. The HSBC ADR gained 3% in Hong Kong.

| ADR | Converted HKD | Change vs Hong Kong close | | Meituan ADR | 81.71 | -0.29% | | Tencent ADR | 497.70 | +0.22% | | HSBC ADR | 133.96 | +2.81% | | Alibaba U.S. stocks | 121.22 | -1.21% |

More Hong Kong stock ADRs and quotes for China concept stocks:

					▼Click the image to enlarge
					

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-e623e5bcd5-222b000e90-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-0c1b0923ea-b7ebdc9da6-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-8f15b0ee42-9711286783-8b7abd-badf29)

						+7
				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-b2b12e29ee-7570bcacd5-8b7abd-badf29)

						+6
				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-52408fcd26-106bde09f9-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-44aa2506a5-58bfd01b9b-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-adbcb6466d-f17f997863-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-cc49662027-1f20055004-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-6432c7ed1d-7b01f75638-8b7abd-badf29)

[07:30] Markets are hopeful that the Middle East war could end. The Dow’s gain at one point widened to 461 points; it closed up 224 points at 46,565. The S&P 500 jumped 0.72%, and the Nasdaq rose 1.16%.

Watch the U.S. stock market close:

					▼Click the image to enlarge
					

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-171f86979d-8c1b3a666f-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-3c96be9e52-5381f1d957-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-0c78b896f0-33dfda4762-8b7abd-badf29)

						+9
				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-36f724f907-bb56584130-8b7abd-badf29)

						+8
				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-d4d3772680-0448435fba-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-60f871f589-66d9578633-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-269102b88d-8ed6667af6-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-3f33144672-17e5dc3930-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-d92bf86751-78af856ccb-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-1746781b03-e4f34ebafd-8b7abd-badf29)

				

				


	
	
	
	
	![](https://img-cdn.gateio.im/social/moments-456a37240d-37e1ba407a-8b7abd-badf29)

Hong Kong stocks’ market conditions from the previous session—see: [Hong Kong stocks night futures + ADR + Northbound funds] HSBC ADR lifts Hong Kong stocks by 3% | Night futures close up 3 points

		Finance Hot Talk
	





	Will the U.S. and Iran conflict drag on? Is the market underestimating the risk of a global economic recession?

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.