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 Close] Hang Seng Index rises 95 points but fails to stabilize above 25,000; BYD's performance before earnings improves by 3%, Meituan fluctuates and drops 0.9%; Pop Mart continues to decline (updating continuously)
【Hang Seng Index/HSI/Hang Seng Index】Hong Kong stocks rebounded, rising by nearly 100 points, but still failed to hold above 25,000. The Hang Seng Index opened 87 points lower, at 24,768. It then moved in the opposite direction upward; in the afternoon, it had risen as much as 239 points, reaching a high of 25,095. The Hang Seng Index closed up 95 points, at 24,951. It failed to hold the 25,000 level. Turnover was 263.08 billion yuan. The Tech Index rose 0.3% to 4,778. BYD （01211） Ahead of earnings, it rose more than 3%; however, ATM was softer against the trend. Among them, Meituan （03690） after posting earnings, it repeatedly fell by 0.9%. Pop Mart （09992） fell again by 0.7%.
U.S. stock market updates continue—please see: Next page
Finance Daily Diary:
Intraday Market Performance:
【16:10】The Hang Seng Index repeatedly rose by 95 points, closing at 24,951. It failed to hold the 25,000 level. Turnover was 263.08 billion yuan. The Tech Index rose 0.3% to 4,778. BYD （01211） Ahead of earnings, it rose more than 3%; however, ATM was softer against the trend. Among them, Meituan （03690） after posting earnings, it repeatedly fell by 0.9%. Pop Mart （09992） fell again by 0.7%.
【16:10】【Property Developers’ Earnings】Longfor recorded its first core loss last year, losing 1.7 billion yuan No dividend declared Short-term debt due within one year of 15.8 billion yuan
【16:00】The Hang Seng Index was up 103 points before the open, at 24,959, with turnover of 253.53 billion yuan.
【16:00】【173 Earnings】K. Wah Group recorded a core loss of 1.29 billion yuan last year Final dividend cut 80% to 1 cent Expect property prices for Hong Kong residential flats to rise at least 5% this year
【16:00】【981】Semiconductor Manufacturing International Corporation shares fell 1% Report says U.S. officials believe SMIC provided chip manufacturing equipment to Iran’s military
【15:43】Semiconductor Manufacturing International Corporation （00981） fell more than 1%; Hua Hong Semiconductor （01347） fell 0.1%.
【15:40】Longfor （00960） fell 4% after results; it broke down to a low of 7.52 yuan. Longfor’s net profit last year was 1.02 billion yuan, down 90.2% year over year; it changed to not pay a final dividend.
【15:18】Meituan （03690） softened into the close and turned down 0.3%.
【14:00】The Hang Seng Index’s rise gradually faded; the latest increase narrowed to about 145 points, hovering around the 25,000 level. It had reached as high as 25,095 in the afternoon.
【13:14】The market’s overall gain expanded to 209 points, to 25,065.
【13:13】Leapmotor （09863） rose nearly 7%, reaching a high of 49.76 yuan.
【13:01】In the early afternoon, Hong Kong stocks were up about 166 points, to 25,023, reclaiming the 25,000 level. Turnover was 139.7 billion yuan. The Tech Index rose 1.1% to 4,814 points.
【12:54】【Analysis of Mainland Insurers】Ping An rose 0.7% after results; after a sharp drop the day before, China Life stabilized Analysis: Investment losses dragged on performance, so which of the two mainland insurers is relatively better?
【12:46】【267 Earnings】CITIC Ltd. earned 0.9% more for the full year Final dividend increased 6.9% to 0.385 yuan per share
【12:23】【Gaming Stock 2400 Earnings】XD Inc. last year saw profit growth of 89% to 1.54 billion yuan Canceled dividends Game business revenue increased 10.5%
【12:23】【Pharmaceutical Sector Earnings】Simcere Pharmaceutical last year’s net profit plunged 56% Final dividend down 68% to 0.3 of a cent
【12:00】The Hang Seng Index rebounded for half a day, up 137 points, to 24,993, just one step away from 25,000. Turnover was 135.78 billion yuan. The Tech Index rose 1% to 4,811. Meituan （03690） rose more than 1% after earnings; BYD （01211） rose more than 4% before earnings. Pop Mart （09992） spent nearly 600 million yuan to repurchase shares; the share price rebounded 0.9%.
【11:57】【883 Analysis】CNOOC fell more than 1% after releasing results; Lyon raised its target price Analysis: “Its biggest advantage is that its extraction costs are incredibly sharp,” and with current oil prices at $100, profits will definitely not be bad
【11:52】【Resource Stocks Earnings】Nanshan Aluminum International’s profit rose 1% last year Aluminum oxide prices continued to fall; business pressure in the first half
【11:40】The market’s overall gain expanded to 100 points, reaching a high of 24,975, testing the level to attempt to regain the 25,000 mark.
【11:23】Before the midday close of Hong Kong stocks, the Hang Seng Index was up about 43 points, touching 24,900.
【11:17】【3690 Analysis】Meituan rose about 2% after earnings Citigroup raised its rating and target price Analysis: Current levels are “good value,” but it is expected that over the next two to three quarters the business “won’t perform especially well”
【10:58】BYD （01211） rose more than 4%, reaching a high of 107.7 yuan.
【10:47】Meituan （03690） turned up 3%, reaching a high of 90.7 yuan. It boosted the broader market to rebound by about 80 points, to 24,935 points. Turnover was 98.9 billion yuan. The Tech Index rose 0.9% to 4,805 points.
【10:42】【9992】Pop Mart’s share price stopped the free fall and rebounded by 4% at one point; it spent nearly 600 million yuan to repurchase shares; over the two days after the results announcement, it has cumulatively fallen by 30%
【10:24】MINIMAX （00100） fell 6%, hitting a low of 920 yuan; Zhipu （02513） fell half a percentage point, hitting a low of 641.5 yuan.
【10:15】BYD （01211） will announce earnings today; the stock’s performance before results looked strong. The latest gain is more than 3%, reaching a high of 107.5 yuan.
【10:12】Cinda Biotech （01801） rose nearly 7% after results, reaching a high of 85.55 yuan.
【1801 Earnings】Cinda Biotech achieved profitability for the first time last year Earnings of 814 million yuan Maintains no final dividend
【10:09】Zijin （02899） rose 0.4%; Zijin Mining Group International （02259） rose more than 2%; Zhaojin （01818） and Shandong Gold （01787） both rose more than 1%; Lingbao Gold （03330） rose nearly 3%.
【Gold Price Trend】Gold prices recouped part of their losses; Trump again delayed the deadline for reaching an agreement with Iran; Turkey’s central bank sold off more than $8 billion worth of gold, increasing downward pressure on gold prices
【10:09】Pony.ai （02026） plunged more than 13% after results, breaking down to a low of 73.2 yuan.
【2026 Earnings】Pony.ai’s adjusted loss last year was $174 million; expanding nearly 32% year on year. The target size of its robotaxi fleet this year-end is expanded to 3,000 vehicles
【09:53】After the opening of Hong Kong stocks, it briefly turned higher, but the rebound strength was insufficient. It fell again by more than 100 points, to 24,725 points, down 130 points. Turnover was 50.9 billion yuan. The Tech Index fell 0.7% to 4,727 points.
【09:22】The Hang Seng Index continued to open down 87 points, opening at 24,768, with turnover of 3.35 billion yuan. The Tech Index fell 0.4% to 4,740 points. Meituan （03690） fell 0.6% after earnings; AIA （01299） fell more than 3%; Pop Mart （09992） its share price stabilized and rebounded by more than 1%.
【3690 Earnings】Meituan’s Q4 adjusted loss was 15.08 billion yuan, worse than expected Wang Xing: The loss per order for the first quarter improved quarter on quarter; pushing the “AI super entrance”; no “Token factory” (second edition)
【09:03】Hang Seng Index stock futures (night session) fell about 94 points, to 24,723 points.
【07:50】【New Stock IPO】Tong Ren Tang Healthcare 2667 postponed its offering and listing plan; considering multiple factors including current market conditions will refund application funds
【07:45】【Morning Market Highlights】Meituan’s Q4 adjusted loss was 15.08 billion yuan, worse than expected｜Hong Kong ranked third globally as a financial center, first in Asia-Pacific｜Cathay Pacific added fuel surcharges again
【07:45】According to Trump’s remarks, there has been progress in the Iran situation. In the night session, night trading futures fell 8 points, closing at 24,782 points. The China-concept stock index fell 2.6% to 6,721 points. After Meituan’s results, its ADR share price initially looked strong, at one point up 3.8% versus Hong Kong, but the share price turned lower by the close due to macro conditions, ending 1.6% below its closing price in Hong Kong.
| ADR | Converted Hong Kong dollars | Difference vs. Hong Kong close | | Meituan ADR | 85.29 | -1.62% | | Tencent ADR | 490.94 | -0.94% | | HSBC ADR | 124.62 | -0.14% | | Alibaba U.S. shares | 122.67 | -0.27% |
More Hong Kong stock ADR and China-concept stock quotes:
【07:30】Concerns about inflation persisted. The Dow closed down 469 points at 45,960 points. The S&P 500 fell 1.7% to 6,477 points. The Nasdaq fell 2.4% to 21,408 points.
Live look at the U.S. stocks’ closing performance:
Hong Kong stocks’ situation from the previous trading day—see more: 【Hong Kong stock index futures + ADR + Northbound Capital】Night session close fell 8 points; Meituan ADR down 2% in Hong Kong