【Hong Kong Stock Market】Hang Seng Index drops 300 points, struggling to hold the 25,000 level; Xiaomi falls 4% to break support; Alibaba and Meituan decline 3%; Geely defies the trend, rising over 6% to hit a new high (updating continuously)

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【Hang Seng Index/恒生指數/恒指/HSI/Hang Seng Index/Hang Seng Index/港股/夜期/ADR】Hong Kong stocks fell after strong gains earlier in the long run and were dragged down by Trump’s remarks. The Hang Seng Index opened 39 points lower at 25,254 points; then the decline widened to more than 200 points, edging toward the 25,000-point level. Hong Kong stocks were down 277 points for the first half of the session. The Hang Seng Index closed at 25,016 points at noon, narrowly holding above 25,000; turnover was HK$116.2 billion. The Tech Index fell 2.2% to 4,651 points. Alibaba (09988) , Meituan (03690) dropped more than 3%; Xiaomi (01810) fell 4% and broke down through the bottom. PetroChina (00857) and CNOOC (00883) rose 1% and 0.8% respectively against the trend. Geely (00175) rose more than 6% to hit a new high; Sunny Optical (02382) rose more than 5%.

U.S. stock market updates are continuously being released—see the next page for details

Intraday trend:

【13:14】Shandong Molong (00568) rose 23%; Baijint Oilfield Services (02178) rose more than 16%.

【13:13】【Auto stocks analysis】BYD fell 2%, Geely and Chery rose more than 6% Analysis: Oil prices help boost demand for new-energy vehicles Long-term preference remains for two leading companies

【13:00】In the early afternoon session, Hong Kong stocks were down about 300 points, slightly breaking below the 25,000 level.

【12:40】【AI + Doubao】Doubao’s daily Token usage exceeds 1.2 billion, double versus the past 3 months

【12:00】Hong Kong stocks were down 277 points for the first half of the session. The Hang Seng Index closed at 25,016 points at noon, narrowly holding above 25,000; turnover was HK$116.2 billion. The Tech Index fell 2.2% to 4,651 points. Alibaba (09988) , Meituan (03690) fell more than 3%; Xiaomi (01810) fell 4% and broke down through the bottom. PetroChina (00857) and CNOOC (00883) rose 1% and 0.8% respectively against the trend. Geely (00175) rose more than 6% to hit 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 Everbright Securities: Not advisable to heavily bet before the long holidays; the uptrend in the bull market over the medium to long term remains unchanged Looking for bargains during the earnings season—what kinds of stocks look promising?

【11:31】Some recently listed stocks gained on chasing buyers. Lens Technology (06636) rose more than 20%; Fu Liye (03625) rose 9%.

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

【10:47】Zhipu (02513) gave back 14% in its share price; 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) , 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 broader market fell by about 250 points, and tested the 25,000 level again.

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

【09:22】The Hang Seng Index opened 39 points lower, opening at 25,254 points, with turnover of HK$3.06 billion. The Tech Index fell 0.5% to 4,732 points. Alibaba (09988) fell more than 1%; HSBC (00005) rose 0.8%; Zijin (02899) rose another 0.9%.

【09:07】【22】“Rental King” the Lun family plans to sell Mactage Holdings at a 38% discount—raising up to HK$230 million

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

【08:31】【9863】Stellantis reportedly held talks with Leapmotor in Canada, cooperating to produce electric vehicles at an idle factory

【07:45】【Morning精點】SpaceX secretly filed an IPO application|One article to see how China’s new-energy vehicle factories performed in March|Zhipu AI’s price target raised by JPMorgan

【07:45】The night session closed up 3 points to 25,301. The China concept stocks index rose 0.3% to 6,774. HSBC ADR gained 3% in HK.

| ADR | Converted HK$ | Change vs. Hong Kong closing price | | Meituan ADR | 81.71 | -0.29% | | Tencent ADR | 497.70 | +0.22% | | HSBC ADR | 133.96 | +2.81% | | Alibaba U.S. stock | 121.22 | -1.21% |

More Hong Kong stock ADR and China concept stock quotes:

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【07:30】Markets hope the Middle East conflict may come to an end; the Dow’s gain at one point expanded 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. stocks close:

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In the previous day’s intraday situation for Hong Kong stocks, see: 【Hong Kong night session + ADR + Northbound capital】HSBC ADR surged 3% among Hong Kong-listed shares; night session closed up 3 points

		Finance Hot Talk
	





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