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【Hong Kong Stock Market】Hang Seng Index dropped nearly 250 points at one point. HSBC fell over 3%, Standard Chartered dropped 4%. Yao Cai surged over 40%. Cathay Pacific fell 3%, Swire rose 5% (continuous updates)
【Hang Seng Index / Hang Seng Index / HS/HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks open over 100 points lower. Ongoing Iran conflict pushes oil prices up 10%. Hang Seng Index opens down 133 points, at 25,583 points, with a turnover of HKD 4.33 billion. Tech index drops 0.4%, at 5,006 points. Cathay Pacific (00293) falls 3%, Swire A (00019) rises 4%, PetroChina (00857) and CNOOC (00883) each up over 1%.
US stocks updates ongoing, see next page for details
Financial Diary:
▲ Financial Diary
Market Movements:
【11:41】Yau Tai (01428) rose 43% to a high of HKD 9.92, with trading volume surging over HKD 1.7 billion.
【11:34】Midday Hong Kong stocks decline about 100 points, Hang Seng Index at 25,610, down 106 points, with HKD 119.7 billion in turnover. Tech index down 0.5%, at 5,002.
【11:19】【1428】Yau Tai Securities sees a sharp rise of over 30% on large trading volume, market focuses on Ant Group acquisition progress.
【11:16】CATL (03750) continues to hit new highs against the trend, up over 1%, reaching HKD 622, for the fourth consecutive day.
【11:15】SenseTime (00020) drops over 4%, hitting a low of HKD 1.96.
【AI+OpenClaw】SenseTime AI assistant “Office Little Raccoon” integrates with OpenClaw; Tech firm Quantuum launches AI Box all-in-one solution.
【11:09】【Hong Kong Market Analysis】Hang Seng once fell over 200 points; Cathay Pacific down 4%. Analysis: Swire’s sell-off may not fully reflect pessimism about Cathay’s outlook.
【11:03】HSBC (00005) drops over 3% to HKD 124; Standard Chartered (02888) down 4% to HKD 166.3. Morgan Stanley and Cliffwater restrict redemption of their private funds, triggering a sharp decline in US bank stocks—Morgan Stanley down 4.1%, Goldman Sachs down 4.4%, Citigroup and Goldman Sachs both down over 3%.
【10:58】Dipu Technology (01384) continues to fall, down over 23% this morning, hitting HKD 53, a 50% drop from early month high of HKD 120.
【10:58】【IPO】HanTian Tiancheng passes HKEX listing hearing, develops silicon carbide epitaxial chips; Huawei, China Resources, ICBC involved in investment.
【10:41】Yau Tai (01428) rises nearly 30%, reaching HKD 9.07, with HKD 930 million in turnover.
【10:38】【1810 Major Bank Report】ICBC International cuts Xiaomi target price by 26% to HKD 37, rating downgraded to Neutral.
【10:20】【1810】Lei Jun: Next-gen Xiaomi SU7 development progressing smoothly, to be officially released this month; fully focused on production preparations.
【10:12】Tencent (00700), Alibaba (09988) both up over 1%, Hong Kong stocks’ decline narrows to about 50 points.
【09:59】Yau Tai (01428) up over 14% against the trend, reaching HKD 8.08 early, with HKD 240 million traded.
【09:53】Market opens with a decline of over 200 points, at 25,481, down 235.
【09:38】Mao Ji Kwai Chung (01716) reopens with nearly 30% gain, hitting a high of HKD 1.59, with HKD 18.71 million in trading.
【100 Mao】Mao Ji Kwai Chung officially sells 176 million shares to Ma Liyang and others, raising HKD 120 million; Oriental Ascension does not sell. Mao Ji Kwai Chung to resume trading.
【09:30】【AI+9618】JD Cloud launches OpenClaw installation event, offering real lobsters on-site.
【09:26】COSCO Shipping (00316) drops over 3%, down 41% year-over-year, with interim dividend halved to HKD 0.42 per share, from HKD 1.32 last year.
【Shipping Stocks】COSCO Shipping International’s annual profit down 41%, with interim dividend of HKD 0.42 per share; Middle East tensions add uncertainty.
【09:26】Li Auto (02015) drops over 1% after earnings.
【2015 Earnings】Li Auto’s quarterly adjusted profit down 93%; expects first-quarter revenue to decrease up to 21%. Li Xiang: Launching new Li Xiang L9 series in Q2, accelerating overseas expansion (Second Edition).
【09:22】Hang Seng Index opens 133 points lower, at 25,583, with HKD 4.33 billion in turnover. Tech index down 0.4%, at 5,006. Cathay Pacific (00293) down 3%, Swire A (00019) up 4%, PetroChina (00857) and CNOOC (00883) each up over 1%.
【09:09】Hang Seng futures down about 231 points, at 25,479.
【08:57】【Gold Price Trend】Gold rebounds to $5,100, but expected to record second consecutive week of decline.
【08:35】【IPO】Guomin Technology (2701) raises up to HKD 1 billion; platform-based IC design firm, entry fee HKD 2,182. How much water is in A-shares?
【08:09】【IPO】Feisu Chuangxin (3355) raises up to HKD 1.66 billion; online DTC network solutions provider, entry fee HKD 4,202.
【07:45】【293】Swire offers nearly 10% discount on some Cathay Pacific shares, maintains confidence and firm commitment.
【07:45】【Morning Focus】ICAC and SFC raid 14 locations, detain 6 men and 2 women; funds involved in insider trading net HKD 315 million. Iran: Khamenei’s wife not dead, plans to attack US companies and oil facilities in Middle East.
【07:45】Iran conflict persists, oil prices up 10%. Night futures close down 233 points, at 25,467. China concept stocks fall about 1%, at 7,094. Meituan ADR down 1.4% from Hong Kong.
| ADR | HKD Equivalent | Change from Hong Kong Close | | Meituan ADR | 75.61 | -1.43% | | Tencent ADR | 541.38 | -0.94% | | HSBC ADR | 128.61 | -0.23% | | Alibaba (US) | 131.29 | -0.23% |
More Hong Kong ADRs and Chinese concept stocks quotes:
▼Click image to enlarge
【07:30】Iran’s Supreme Leader Mujeh Tabataba’i (Khamenei’s son) issues first statement, vows revenge, opens new frontlines, closes the Strait of Hormuz, pressures enemies, warns all US military bases in Middle East to close immediately or face attack. Dow drops up to 755 points, low at 46,662, closes down 739 at 46,677. S&P 500 down 1.52%, Nasdaq down 1.78%.
See US market close:
▼Click image to enlarge
Hong Kong stocks yesterday market overview, see details at: 【Hong Kong Night Futures + ADR + Northbound Funds】 Night futures close down 233 points, Meituan ADR down 1% from Hong Kong.
Financial Hot Talk
Is Gold’s Safe-Haven Role Failing? War Sparks Rate Hike Concerns?