【Hong Kong Stock Market Update】Hang Seng Index gains narrow to within 50 points, Tech Index turns negative; Meituan bounces back 2%; Yao Cai Securities surges 50% upon resumption of trading, Maoji Kwai Chung retreats 20% (continuously updated)

【Hang Seng Index / Hang Seng / HSIndex / Hang Seng / 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 in early trading, 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 new 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.

US stocks updates ongoing, details on the next page

Financial Daily:

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Market Trends:

【14:50】Major indices up about 25 points, Tech Index down 0.3%.

【14:39】HKEX (00388) turned down 0.4% in the afternoon, low of HKD 403.6.

【14:08】【Private Credit】HKMA reportedly assessing private banking private credit risk scale; private bankers arrange activities to soothe investor sentiment.

【13:45】Hang Seng Index’s gain narrowed further to about 100 points, at 25,935, falling below 26,000.

【13:42】【IPO】Bloomberg: China restricts red-chip companies from listing in Hong Kong; suggests dismantling red-chip structures.

【13:28】Market gain narrowed to about 170 points, struggling at the 26,000 mark.

【13:11】Mao Ji Kwai Chung (01716) fell over 18%, low of HKD 3.15.

【13:02】Hang Seng Index initially up about 246 points, at 26,080, with HKD 142.9 billion in turnover; Tech Index up 1.2% at 5,172.

【13:01】Hengan International (01044) post-earnings gain expanded, up over 4%, high of HKD 28.92.

【12:55】【9988 Analysis】Alibaba’s “triple rise” ahead of Thursday’s earnings; analysis: “Aircraft carrier-style business” rebounded to half of January’s high, nearly 10% return.

【12:49】【AI+9988】Alibaba up over 2%, launching the world’s first enterprise-level Agent platform “Wukong”.

【12:38】【1810】Xiaomi shares up another 2%, new SU7 launched Thursday, first with Xiaomi Jiao Long chassis. Lei Jun personally explains why “Asian flying man” Su Bingtian is the ambassador.

【12:26】【HK Stock Analysis】 HK stocks initially rose over 400 points with external markets; Fu Chang: Middle East instability may boost local investment market, “personal safety” becomes an advantage.

【12:01】【Blue Chip Earnings】Hengan International’s full-year profit up 10% year-on-year, maintaining a final dividend of HKD 0.7.

**【12:00】**Half-day rise of 254 points, at 26,088, above 26,000; turnover HKD 140.18 billion; Tech Index up 1.3% at 5,180. Meituan (03690) up nearly 4%, Alibaba (09988), Xiaomi (01810) up over 2%, Geely (00175) up over 5%, Pop Mart (09992) up over 4%, CATL (03750) hit 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; collusion in pricing will be handled legally.

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

【11:16】【1211 Analysis】BYD included in NVIDIA’s autonomous driving partnership; stock rebounded to red-chip level, attracting attention with overseas expansion.

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

【10:57】CK Hutchison (00001) up over 1%, high of HKD 60.1.

【CK Hutchison port sale】CKH’s Panama port company: After weeks of improper takeover by the Panamanian government, ignoring rule of law and refusing to return investors’ assets.

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

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

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

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

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

【Cheng family】Chow Tai Fook is reportedly seeking refinancing for a HKD 7.3 billion loan maturing in June.

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

【10:04】Chow Sang Sang (00116) profit alert, shares 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; HKD 597 billion turnover; 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) up over 4% after earnings, high of HKD 46.66.

【9863 Earnings】Leap Motor turned profitable last year, earning over 500 million RMB; 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%, Silver Price down 1%.

【Gold Price Trend】Gold near $5,000 level, supported by softening USD and market assessment of emergency oil reserves release.

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

【14:28】NDRC “green light” for Ant Group to invest in Yau Ma Tei Securities, resuming trading 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】Huang Renxun expects chip revenue next year to 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; Chinese concept stocks’ gains narrow to 1%, at 7,215; Baidu ADRs in US 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】As G7 major countries start releasing oil reserves, short-term supply is sufficient, but Iran crisis still troubles markets. Trump says he has proposed delaying his summit with President Xi Jinping by about a month, as staying in Washington to command war against Iran is very important to him. The delay reflects Trump’s expectations on the duration of the Iran conflict. Dow 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 for details:

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