Hang Seng Index Trend | Declined Early Then Stabilized and Rose Over 100 Points, Tech Index Up Over 1%

SighingCashier · 2026-03-16T02:53:08+00:00

US stocks fell on Friday after initially rising, weighed down by a downward revision of fourth-quarter economic growth and tensions in the Middle East. Asia-Pacific markets were generally weak. Hong Kong stocks opened lower this morning but recovered, with the Hang Seng Index rising 138 points. The National Index and Tech Index also gained. Some blue-chip stocks such as CATL and Mengniu performed well, while tech stocks showed mixed results.

SighingCashier

2026-03-16 02:53:08

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U.S. Q4 economic growth revised downward and ongoing tensions in the Middle East caused U.S. stocks to rise initially and then fall last Friday. The Asia-Pacific markets are generally soft today. Hong Kong stocks opened lower this morning but rebounded to stay stable, with the Hang Seng Index up more than 100 points, hovering around 25,500 points.

The Hang Seng Index opened 29 points lower at 25,436, with a maximum decline of over 147 points in the early session, reaching a low of 25,317. However, it quickly stabilized and rebounded. As of 10:19 a.m., the Hang Seng Index was up 138 points or 0.54%, at 25,603.

The China Enterprises Index rose 54 points or 0.62%, to 8,725.

The Tech Index increased 52 points or 1.06%, to 5,030.

Contemporary Amperex Technology (03750) rose 6.5%, to 661.5 HKD, currently the best-performing blue chip. Mengniu Dairy (02319) increased 4.5%, to 16.85 HKD; Pop Mart (09992) gained 4.6%, to 214.2 HKD.

Technology stocks showed mixed performance: Tencent (00700) up 1.2%, to 554 HKD; Baidu (09888) down 0.8%, to 121.2 HKD; Alibaba (09988) up 0.5%, to 133.2 HKD; Kuaishou (01024) up 0.7%, to 59.55 HKD; JD.com (09618) up 2.1%, to 111.9 HKD; Meituan (03690) up 3.1%, to 78.3 HKD; Xiaomi (01810) up 2.4%, to 34.14 HKD.

HSBC (00005) fell 0.2%, to 122.2 HKD; China Mobile (00941) rose 0.3%, to 80.2 HKD; Hong Kong Exchanges (00388) remained flat at 401.4 HKD.

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