【Hong Kong Stock Market Update】Hang Seng Index up 254 points at midday, reclaims 26,000 level; Meituan rebounds over 4%, Alibaba and Xiaomi up 2%; Yao Cai Securities soars 60% on resumption of trading (continuously updated)

【Hang Seng Index / Hang Seng Index / HS/HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks rose about 250 points in the half-day session, surpassing 26,000. The Hang Seng Index opened 104 points higher at 25,938, reaching a high of 26,250 earlier, then retreated. The index gained 254 points in the half-day session, closing at 26,088, above 26,000, with a turnover of HKD 140.18 billion. The Tech Index rose 1.3% to 5,180 points. Meituan (03690) rose nearly 4%, Alibaba (09988), Xiaomi (01810) up over 2%, Geely (00175) up over 5%, Pop Mart (09992) up over 4%, CATL (03750) hit a high of HKD 685 before falling back 2%. CNOOC (00883) fell 3%, PetroChina (00857) down over 1%, Yau Ma Tei Securities (01428) surged nearly 66% after resumption.

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Financial Diary:

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Market Trends:

【12:00】 Hang Seng Index up 254 points in the half-day session, at 26,088, above 26,000. Turnover HKD 140.18 billion. Tech Index up 1.3% at 5,180. Meituan (03690) rose nearly 4%, Alibaba (09988), Xiaomi (01810) up over 2%, Geely (00175) up over 5%, Pop Mart (09992) up over 4%, CATL (03750) hit a high of HKD 685 before falling back 2%. CNOOC (00883) down 3%, PetroChina (00857) down over 1%, Yau Ma Tei Securities (01428) surged nearly 66%.

【11:31】【Iran Situation】John Lee: Government monitors price changes, ensures stable energy supply; if collusion in pricing is found,依法處理

【11:23】CNOOC (00883) fell 4% to HKD 28.26, PetroChina (00857) down over 1%.

【11:16】【1211 Analysis】BYD partnered with NVIDIA for autonomous driving; stock rebounded after returning to the red zone. Fuchang: domestic competition remains fierce, overseas expansion attracts attention.

【11:03】【AI+9888】Baidu Xiaodu to launch “Home-use Little Lobster”—“Available anytime, for the whole family, in a closed loop.”

【10:57】CK Hutchison (00001) rose over 1%, reaching HKD 60.1.

【CK Hutchison sells ports】CKH’s Panama port subsidiary: After weeks of improper takeover by the Panamanian government, they continue to ignore the rule of law and refuse to return investors’ assets.

【10:44】【NVIDIA】NVIDIA collaborates with BYD, Geely, and other automakers to develop L4 autonomous vehicles.

【10:32】Hang Seng Index once rose 416 points to 26,250, currently up about 321 points at 26,155. Meituan (03690) up over 4%, Yau Ma Tei Securities (01428) up 71%.

【10:32】Longfor Fibel (06869) fell over 7%, low of HKD 142.2.

【10:13】Mao Ji Kui Chung (01716) retraced, down 10% to HKD 3.2.

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

【Chow Tai Fook Family】Chow Tai Fook Enterprises reportedly seeking refinancing for June maturing loans, involving HKD 7.3 billion.

【10:06】Market gains expanded to 400 points, back to around 26,200.

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

【10:00】Hong Kong stocks early session up over 300 points, above 26,000. Hang Seng at 26,161, up 327; turnover HKD 59.7 billion. Tech Index up 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】Leap Motor (09863) rose over 4% after earnings, high of HKD 46.66.

【09863 Earnings】Leap Motor turned profitable last year, earning over RMB 500 million, exploring diversified cooperation with Stellantis.

【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) up 0.4%, others down 1%.

【Gold Price Trend】Gold near $5,000 mark, supported by softening USD and market assessment of emergency oil reserve releases.

【09:22】 Hang Seng Index opened 104 points higher at 25,938, challenging 26,000. Turnover HKD 3.88 billion. Tech Index up 0.5% at 5,137. Yau Ma Tei Securities (01428) resumed trading and surged over 64%. Alibaba (09988) up 0.9%, CATL (03750) up over 1% to new highs, Baidu (09888) fell over 2% against the trend.

【1428】NDRC “green light” for Ant Group to invest in Yau Ma Tei Securities; trading resumes on 3/17.

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

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

【07:45】【Morning Brief】Jensen Huang predicts chip revenue next year may reach $1 trillion or "still too conservative"｜NDRC approves Ant Group’s investment in Yau Ma Tei Securities｜Google to expand Gemini to all Hong Kong users.

【07:45】Oil prices and USD index continue to decline. Night futures close up 143 points at 25,894. China concept stocks’ gains narrow to 1%, closing 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 stocks quotes:

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【07:30】Major oil-producing countries begin releasing strategic reserves, providing short-term supply. However, Iran situation remains a concern. Trump states he has proposed delaying his China visit by about a month due to ongoing Iran tensions, as staying in Washington to command the Iran war is very important to him. The delay reflects Trump’s expectations about the duration of the Iran conflict. Dow Jones up 387 points, 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, details see: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures closed up 143 points; Baidu US stocks underperform HK market by 3%.