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[Hong Kong Stock Market] Hang Seng Index drops nearly 400 points in the afternoon, falls below 25,000; Xiaomi drops 4% breaking support; Alibaba and Meituan fall 3%; Geely defies the trend, rises half a percent to hit a new high (updating continuously)
【Hang Seng Index/HSI/Hang Seng Index/Hang Seng Index/Hang Seng Index/HSI/Hang Seng Index/HK Stocks/Night Futures/ADR】Hong Kong stocks fell after being weighed down by long-term gains and Trump’s remarks. The Hang Seng Index opened down 39 points, at 25,254. The decline then widened to more than 200 points, as it slid to the edge of the 25,000 level. In the first half of the session, Hong Kong stocks were down 277 points. The Hang Seng Index closed at 25,016 at noon, narrowly holding above 25,000. Turnover was 116.2 billion yuan. The Tech Index fell 2.2%, to 4,651 points. Alibaba （09988） , Meituan （03690） fell more than 3%, while Xiaomi （01810） fell 4% and broke down further. PetroChina （00857） and CNOOC （00883） rose 1% and 0.8% respectively, bucking the trend. Geely （00175） rose more than 6% to hit a high. Sunny Optical （02382） rose more than 5%.
U.S. stock market updates continue—see the next page for details:
Intraday trend:
【13:19】The latest Hang Seng Index is down 380 points, falling to the level near 24,900.
【13:14】Shandong MOLONG （00568） up 23%, and Baqin Oilfield Services （02178） up more than 16%.
【13:13】【Automobile Stocks Analysis】BYD down 2%, Geely and Chery up more than 6% Analysis: Oil prices help boost demand for new energy vehicles Long-term preference remains for two leading companies
【13:00】Early afternoon in Hong Kong stocks is down 300 points, slightly breaking through the 25,000 level.
【12:40】【AI+Doubao】Doubao’s daily Token usage exceeds 120 billion; it has doubled compared with the past 3 months
【12:00】Hong Kong stocks are down 277 points in the first half of the session. The Hang Seng Index closed at 25,016 at noon, narrowly holding above 25,000. Turnover was 116.2 billion yuan. The Tech Index fell 2.2%, to 4,651 points. Alibaba （09988） , Meituan （03690） fell more than 3%, while Xiaomi （01810） fell 4% and broke down further. PetroChina （00857） and CNOOC （00883） rose 1% and 0.8% respectively, bucking the trend. Geely （00175） rose more than 6% to hit a 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: It’s not advisable to add heavy positions before the long holiday; the medium-to-long-term bull market uptrend remains unchanged In the earnings season, what types of stocks are promising to hunt?
【11:31】Some recently listed shares are seeing a chase-buy. TechVision （06636） up more than 20%, and Fu Yaiye （03625） up 9%.
【11:31】【Hong Kong Association of Financial Technology】White paper: Hong Kong’s financial services industry AI adoption rate is 38%, above the global average
【10:47】Zhipu （02513） shares give back 14%; MINIMAX （00100） down more than 9%; Xunce （03317） is still up nearly 2% despite the broader market.
【AI+2513】Zhipu releases GLM-5V-Turbo, a multimodal Coding foundation model for visual programming
【10:26】Alibaba （09988） , Meituan （03690） , Xiaomi （01810） down more than 3%; Tencent （00700） down more than 1%.
【10:24】Sunny Optical （02382） is up more than 4% despite the trend, hitting a high of 60.1 yuan.
【10:13】The broader market is down about 250 points, testing the 25,000 level again.
【09:38】Geely （00175） is up 5% against the trend, breaking to a new high at 23.14 yuan.
【09:22】The Hang Seng Index opened down 39 points, at 25,254, with turnover of 3.06 billion yuan. The Tech Index is down 0.5%, at 4,732 points. Alibaba （09988） down more than 1%; HSBC （00005） up 0.8%; Zijin （02899） up another 0.9%.
【09:07】【22】“Rental King” Lin’s family plans to sell Moxing Holdings at a 38% discount in a full-disposal; proceeds could be up to 230 million yuan
【08:58】Hang Seng night futures are up about 105 points, at 25,367.
【08:31】【9863】Stellantis is reported to be in talks with Leapmotor; cooperating to produce electric vehicles at an idle plant in Canada
【07:45】【Morning Top Picks】SpaceX secretly submitted an IPO application｜One article to see the performance of China’s new energy vehicle factories in March｜Zhipu AI has JPMorgan raise its target price
【07:45】Night futures close up 3 points, at 25,301. The China concept stock index is up 0.3%, at 6,774 points. HSBC ADR rises 3% in Hong Kong.
| ADR | Converted Hong Kong dollars | 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 China concept stock quotes:
【07:30】Market sentiment hopes the war in the Middle East may end. The Dow’s intraday gain widened at one point 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 U.S. stocks’ market close:
Hong Kong stocks’ prior day market performance—see details here: 【Hong Kong night futures + ADR + Northbound funds】HSBC ADR closes up 3% in Hong Kong; night futures close up 3 points