【Hong Kong Stock Market Update】Hang Seng Index rises over 400 points back above 26,000; Meituan bounces over 4%, Alibaba and Xiaomi up 2%; Bright Smart Securities resumes trading and surges 70% (Continuously updated)

2026-03-17 02:46:45

【Hang Seng Index / Hang Seng / HSIC / Hang Seng Index / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened higher by 100 points. The Hang Seng Index opened up 104 points, at 25,938, challenging the 26,000 level. Turnover was 3.88 billion HKD. The Tech Index rose 0.5%, at 5,137 points. Yau Tai Securities & Finance (01428) resumed trading with a gain of over 64%. Alibaba (09988) increased 0.9%. CATL (03750) rose over 1% to a new high. Baidu (09888) reversed the trend, falling over 2%.

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Financial Diary:

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Market Trends:

【10:32】The Hang Seng once rose 416 points, reaching a high of 26,250. Currently up about 321 points, at 26,155. Meituan (03690) up over 4%. Yau Tai (01428) up 71%.

【10:32】Longfei Optical Fiber Cable (06869) dropped over 7%, low at 142.2 HKD.

【10:13】Mao Ji Kwai Chung (01716) retraced, down 10% against the trend, low at 3.2 HKD.

【10:11】New World (00017) up 0.3%, high at 9.53 HKD.

【Family of Zheng Jiachun】Chow Tai Fook Enterprises reportedly seeking refinancing for a June maturing loan involving 7.3 billion HKD.

【10:06】Market gain expanded to 400 points, rebounding to around 26,200.

【10:04】Chow Sang Sang (00116) announced profit growth, up over 8%, high at 14.54 HKD.

【116 Profit Growth】Chow Sang Sang expects last year’s recurring business profit to be between 1.6 billion and 1.7 billion RMB, a year-on-year increase of 107% to 120%.

【10:00】Hong Kong stocks rose over 300 points early, back above 26,000. The Hang Seng Index at 26,161, up 327 points. Turnover was 59.7 billion HKD. The Tech Index rose 1.7%, at 5,199. Alibaba (09988), Xiaomi (01810) up nearly 3%. Meituan (03690) up over 3%.

【AI Agent】Alibaba establishes Alibaba Token Hub business group.

【09:43】Leapmotor (09863) after earnings rose over 4%, high at 46.66 HKD.

【09863 Earnings】Leapmotor turned profitable last year, earning over 500 million RMB, exploring diversified cooperation with Stellantis in vehicles and parts.

【09:43】Zijin (02899) up 0.4%, Zijin Gold International (02259) up 0.5%, Zhaojin (01818) up 0.5%, Shandong Gold (01787) up 0.4%, Lingbao Gold (03330) down 1%.

【Gold Price Trend】Gold remains near $5,000, with the US dollar softening and market assessing the emergency oil reserve release.

【09:22】The Hang Seng Index opened 104 points higher, at 25,938, challenging 26,000. Turnover was 3.88 billion HKD. The Tech Index rose 0.5%, at 5,137. Yau Tai Securities & Finance (01428) resumed trading with a gain of over 64%. Alibaba (09988) up 0.9%. CATL (03750) rose over 1% to a new high. Baidu (09888) fell over 2% against the trend.

【14:28】NDRC “green light” for Ant Group to invest in Yau Tai Securities. Trading resumes on 3/17.

【09:04】The Hang Seng futures contract up about 52 points, at 25,852.

【07:47】【Xi-Trump Meeting】Trump delays China visit by about a month, citing ongoing war and no tricks involved.

【07:45】【Morning Highlights】Huang Renxun predicts next year’s chip revenue could reach 1 trillion USD or "still too conservative"｜NDRC approves Ant Group’s investment in Yau Tai Securities｜Google to expand Gemini to all Hong Kong users.

【07:45】Oil prices and US dollar index continue to decline. Night futures close up 143 points, at 25,894. Chinese concept stocks narrow gains to 1%, at 7,215. Baidu US stocks down 3%.

| ADR | HKD Equivalent | Change from HK Market Close | | Baidu US | 119.22 | -3.00% | | Meituan ADR | 77.68 | -0.79% | | Tencent ADR | 562.77 | +0.77% | | HSBC ADR | 125.77 | +1.18% | | Alibaba US | 133.81 | -0.14% |

More Hong Kong ADRs and Chinese concept stock quotes:

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【07:30】Major oil-producing countries begin releasing reserves, short-term supply is sufficient. However, Iran situation remains a concern. Trump states he has delayed his China visit by about a month, as staying in Washington to command the Iran war is very important to him. The delay reflects Trump’s expectations for the Iran conflict. Dow rises 387 points, closing at 46,946. S&P 500 up 1%, at 6,699. Nasdaq up 1.2%, at 22,374.

See US stock market close:

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Hong Kong stocks yesterday market overview, details see: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures close up 143 points. Baidu US stocks down, HK stocks down 3%.

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