Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
【Hong Kong Stock Market】Middle East War Rattles Asian Stocks, Hang Seng Index Falls 1000 Points; AIA Drops 8%, HSBC and Standard Chartered Fall 4%; Geely Rallies Against the Trend (Continuously Updated)
【Hang Seng Index / Hang Seng / HSIC / Hang Seng / HSI / Hong Kong Stocks / Night Futures / ADR】 The escalation of Middle East war tensions rattles Asia-Pacific markets. The Hang Seng Index opened down 488 points, at 24,789, then extended losses. The half-day drop was 875 points, closing at 24,402, with a turnover of HKD 192.38 billion. The Tech Index fell 3.1%, at 4,721 points.
HSBC (00005) and Standard Chartered (02888) both declined 4%. AIA (01299) dropped 7%. ATM stocks fell nearly 2% to over 3%. PetroChina (00857) declined 0.9%, CNOOC (00883) softened 0.5% after hitting a high. BYD (01211) rose 0.7% against the trend. Geely (00175) increased 4%.
U.S. stock updates ongoing, see next page for details.
Financial Daily:
▲ Financial Daily
Market Movements:
【14:06】Hang Seng plunges 1,000 points, AIA drops 8%, HSBC and Standard Chartered down over 4%.
【13:42】Alibaba (09988) falls over 3%, hitting a low of HKD 119.1.
【AI+9988】Alibaba reportedly launches AI ride-hailing feature allowing complete booking process in one sentence; also rumored to release an important chip tomorrow.
【13:33】Hang Seng drops nearly 915 points, at 24,362, with HKD 220 billion in turnover. The Tech Index down 3.4%, at 4,707.
【13:28】Budweiser (00291) shares fall 0.5% after earnings, low at HKD 23.66.
【13:27】Market drops again to around 24,400.
【13:01】Hong Kong stocks fall about 825 points in early afternoon, at 24,453, with HKD 196.2 billion traded. The Tech Index down nearly 3%, at 4,727.
【12:24】【291 Earnings】China Resources Beer’s full-year profit down 29%, but dividends increase; final dividend up 44% to HKD 0.557.
【12:24】【Two Yuan Two Discount】Public transport fare discount plan adjusted to “Two Yuan Two Discount,” effective April 3.
【12:18】【Real Estate Stock 683 Earnings】Kerry Properties’ annual net profit HKD 2 billion, down 22%. Maintains final dividend of HKD 0.95, dividend yield 6.4%.
【12:00】 Hang Seng half-day down 875 points, at 24,402, with HKD 192.38 billion in turnover. The Tech Index down 3.1%, at 4,721.
HSBC (00005) and Standard Chartered (02888) both down 4%. AIA (01299) down 7%. ATM stocks fell nearly 2% to over 3%. PetroChina (00857) down 0.9%. CNOOC (00883) softened 0.5%. BYD (01211) rose 0.7%. Geely (00175) up 4%.
【11:58】【Major Banks’ Views】Chinese tech companies increase AI spending; Credit Suisse Private Bank’s Zhao Yingyan: investment may face short-term pain; not recommended to heavily overweight AI now.
【11:58】【Major Banks’ Views】Wui Lee Lo King: internet stocks remain under pressure due to Middle East conflict and unclear rate cut outlook, causing short-term liquidity pressure on Hong Kong stocks.
【11:41】China Hongqiao (01378) drops over 11%, low at HKD 30.1. China Hongqiao’s annual net profit about RMB 22.64 billion, up 1.2%. Final dividend HKD 1.65 per share, up 61.8%.
【11:38】【China Development High-Level Forum 2026】Lei Jun: Xiaomi’s R&D investment plan over the next five years will exceed RMB 200 billion.
【11:16】Market’s decline widens, once dropping 880 points below 24,400, low at 24,396.
【11:05】【Internet Broker】U.S. broker Firstrade plans to enter Hong Kong, reportedly hiring ROs and applying for license, offering “zero commission.”
【11:04】【Under Rex R.】Fortune Industry Trust sells HKD 1.5 billion of Fortune Oriental Hotel; Centaline plans to convert to student dorms.
【10:47】Market further declines, latest down over 800 points, Hang Seng at 24,460, down 816, with HKD 143.2 billion traded. The Tech Index down 2.5%, at 4,751.
【10:03】【17】K11 MUSEA luxury brand upgrade plan updates over 30% of leasing space; expects double-digit rent increases for related shops.
【10:02】【1099 Earnings】China National Pharmaceutical Group’s profit up 1.5% last year; final dividend HKD 0.69.
【09:58】Hong Kong stocks early decline of 700 points, at 24,576, with HKD 85.4 billion traded. The Tech Index down 1.9%, at 4,779. AIA (01299) down nearly 6%. HSBC (00005) down nearly 4%. BYD (01211) up over 2%. Geely (00175) up over 4%.
【09:52】Towngas (00003) drops 3% after earnings, low at HKD 7.01.
【Towngas 003 Earnings】China Gas: expects price hikes this year, specific increase uncertain; FY 2025 final dividend maintained at HKD 0.23.
【09:47】Faster Innovation (03355) debuts at HKD 56, 34.6% above IPO price of HKD 41.6, profit HKD 1,440 per lot of 100 shares. GuoNian Technology (02701) opens at HKD 14.3, 32.4% above IPO, profit HKD 700 per lot of 200 shares.
【New IPOs】Faster Innovation 3355 opens 34.6% higher, earning HKD 1,440 per lot; oversubscribed 1,578.7 times. GuoNian Technology 2701 opens 32.4% higher, earning HKD 700 per lot; oversubscribed 130.8 times.
【09:44】Chifeng Gold (06693) resumes trading, early drop over 20%, low at HKD 31.2. Zijin (02899) down 4%. Zijin Gold International (02259), Zhaojin (01818), and Lingbao Gold (03330) down around 2-9%.
【Gold Price Trend】Spot gold once fell near USD 4,300; local gold price down HKD 1,000 per tael from high, back by HKD 10,000 from peak.
【2899 Earnings】Zijin Mining’s profit up 62% last year, hitting new high; final dividend HKD 0.38 per share.
【2259 Earnings】Zijin Gold International’s full-year results after listing, net profit surged 2.3 times; final dividend HKD 1.5.
【09:22】Hang Seng opens 488 points lower, at 24,789, with HKD 8.42 billion traded. The Tech Index down 1.9%, at 4,780. HSBC (00005) and AIA (01299) both down over 3%. Alibaba (09988) down over 2%. Tencent (00700) down 2%.
【09:08】Hang Seng futures down about 556 points, at 24,694.
【08:59】【06693】Chifeng Gold acquired by Zijin, becomes largest shareholder.
【07:38】【New IPO】Copper Master (664) raises up to HKD 500 million, specializes in copper cultural and creative products, licensed IPs include Nezha, Transformers, G.I. Joe, etc., entry fee HKD 6,869.
【07:58】【New IPO】Fourier (3625) raises up to HKD 600 million, supplies audio amplification chips and tactile feedback chips, entry fee HKD 5,050.
【07:45】【Morning Brief】US-Iran threaten to strike civilian infrastructure; Xiaomi reports Tuesday earnings, memory stocks affected.
【07:45】US rate hike expectations rise, 10-year Treasury yield jumps to 4.38%. Night futures close down 525 points, at 24,725. The China concept stock index falls 2.9%, at 6,742. HSBC ADRs are down nearly 3% from Hong Kong closing prices.
| ADR | HKD Equivalent | Change from HK Close | | Meituan ADR | 77.35 | -2.27% | | Tencent ADR | 497.42 | -2.08% | | HSBC ADR | 120.56 | -3.17% | | Alibaba (US) | 119.86 | -3.10% |
More Hong Kong ADRs and Chinese concept stocks quotes:
▼ Click image to enlarge
【07:30】Tensions escalate in Iran, US President Trump states on Friday, “I don’t want a ceasefire.” Energy prices fluctuate, Dow drops over 600 points at times; US 10-year Treasury yield hits six-month high, market now prices in a 40% chance of rate hike in September. Dow closes down 443 points, at 45,577; S&P 500 drops 1.51%; Nasdaq falls 2.01%.