[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)

【Hang Seng Index/HSI/Hang Seng Index/Hang Seng/HSI/Hang Seng Index/HK stocks/Night futures/ADR】HK stocks fell after a long period of weakness, dragged down by comments from Trump. The Hang Seng Index opened 39 points lower at 25,254. The decline then widened to more than 200 points, hovering near the 25,000 level. HK stocks dropped 277 points for the first half of the session. The Hang Seng Index closed at 25,016 at midday, narrowly holding above 25,000. Turnover was HK$116.2 billion. The Tech Index fell 2.2% to 4,651. Alibaba （09988） , Meituan （03690） fell more than 3%, while Xiaomi （01810） fell 4% and broke below support. China Petroleum （00857） , CNOOC （00883） rose 1% and 0.8% respectively against the trend. Geely （00175） rose more than 6% and broke to a new high. Sunny Optical （02382） rose more than 5%.

US stock market updates are continuously being posted—see more details on: Next page

Intraday trend:

【12:00】HK stocks dropped 277 points in the first half of the session; the Hang Seng Index closed at 25,016 at midday, narrowly holding above 25,000; turnover was HK$116.2 billion; the Tech Index fell 2.2% to 4,651. Alibaba （09988） , Meituan （03690） fell more than 3%, while Xiaomi （01810） fell 4% and broke below support. China Petroleum （00857） , CNOOC （00883） rose 1% and 0.8% respectively against the trend. Geely （00175） rose more than 6% and broke to a new high. Sunny Optical （02382） rose more than 5%.

【11:42】【HK stocks analysis】Hang Seng Index’s decline widened to more than 200 points; Everbright Securities: Before the long holidays, don’t bet heavily; the uptrend for the bull market in the medium and long term remains unchanged—what types of stocks to look for during the earnings season?

【11:31】Some recently listed stocks got chased, and Lens Vision （06636） rose more than 20%, while Fubi Industrial （03625） rose 9%.

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

【10:47】Zhipu （02513） relinquished 14% of its share price; MINIMAX （00100） fell more than 9%; Xun策 （03317） rose nearly 2% against the trend.

【AI+2513】Zhipu releases GLM-5V-Turbo, a multimodal coding base model for visual programming

【10:26】Alibaba （09988） , Meituan （03690） , Xiaomi （01810） fell more than 3%. Tencent （00700） fell more than 1%.

【10:24】Sunny Optical （02382） rose more than 4% against the trend, reaching as high as 60.1 yuan.

【10:13】The overall market is down about 250 points, and it is testing the 25,000 level again.

【09:38】Geely （00175） rose 5% against the trend, breaking to a new high as high as 23.14 yuan.

【09:22】The Hang Seng Index opened 39 points lower, at 25,254, with turnover of HK$3.06 billion. The 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】“Landlord King” Lun’s family plans to sell Maming Holdings at a 38% discount, raising up to HK$230 million

【08:58】Hang Seng Index night futures rose by about 105 points, to 25,367.

【08:31】【9863】Stellantis is reported to be in talks with Leapmotor to cooperate on production of electric vehicles at idle factories in Canada

【07:45】【Morning精點】SpaceX secretly submitted an IPO application｜One article to understand March’s performance of new-energy vehicle factories｜Zhipu AI has JPMorgan raise its target price

【07:45】Night futures closed up 3 points, to 25,301. The China concept stock index rose 0.3% to 6,774. 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 US shares | 121.22 | -1.21% |

More HK stock ADR and China concept stock quotes:

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【07:30】Markets are hopeful that the Middle East war may come to an end. The Dow’s rise widened at one point to 461 points, and it closed up 224 points at 46,565. The S&P 500 jumped 0.72%, and the Nasdaq rose 1.16%.

Live view of US stock market close:

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Hang Seng Index market conditions from the previous trading day—see more details on: 【Hang Seng night futures + ADR + Northbound capital】HSBC ADR gains 3% in HK stocks; night futures close up 3 points

		Finance Hot Talk
	





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