【Hong Kong Stock Market Update】Hang Seng Index Falls 500 Points; Kuaishou Stock Drops Over 13%, China Life Falls 9%; Meituan and Alibaba Down 4%; Pop Mart Continues Declining (Continuously Updated)

SocialAnxietyStaker · 2026-03-26T05:32:58+00:00

【Hang Seng Index/HSI/Hong Kong Stock/Night Futures/ADR】Hong Kong stocks fell nearly 350 points, with the Hang Seng Index opening down 68 points at 25,267 points. Subsequently, the trend moved downward, with the HSI falling 347 points at midday to report 24,988 points, with turnover of 136.73 billion yuan. The Tech Index fell 2.1% to report 4,817 points. Kuaishou (01024) dropped over 13%, Alibaba (09988) fell over 3%, Meituan (03690) gave back 3%, China Life Insurance (02628) fell nearly 8%, Pop Mart (09992) fell over 9% again.Financial Journal:▼ Click image to enlarge

SocialAnxietyStaker

2026-03-26 05:32:58

【Hang Seng Index / Hang Seng Index / HSIC / Hang Seng / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks fell nearly 350 points, with the Hang Seng Index opening down 68 points at 25,267. It then trended downward, with the Hang Seng half-day down 347 points to 24,988, with a turnover of HKD 136.73 billion. The Tech Index dropped 2.1% to 4,817 points. Kuaishou (01024) plunged over 13%, Alibaba (09988) fell more than 3%, Meituan (03690) retreated 3%, China Life (02628) declined nearly 8%, Pop Mart (09992) dropped over 9%.

Financial Daily:

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Market Movement:

【13:29】 Hang Seng Index in the afternoon drops 500 points, Kuaishou plunges 13%, China Life falls 9%, Alibaba and Meituan decline over 4%.

【13:01】 Hang Seng Index in the early afternoon drops about 335 points, struggling to hold above 25,000.

【12:53】【881 Earnings】Zhongsheng turns from profit to loss last year, with a loss of RMB 1.673 billion, no final dividend. The two founders will reduce their salary to 1 yuan for 2026 to show determination.

【12:49】【Food Delivery Stocks Analysis】Meituan and Alibaba retreat 3%. Analysis: Uncertainty remains whether the food delivery war is over. If the era of burning money for subsidies ends, Meituan will be the biggest beneficiary.

【12:42】【9992 Analysis】Pop Mart stock continues to fall 9%. Major banks cut target prices. Analysis: Management’s growth targets are too low, revenue is concentrated in Labubu.

【12:37】【1368 Earnings】Xtep reports nearly 11% full-year profit increase, final dividend maintained at HKD 0.095.

【12:31】【1475 Earnings】Nissin Foods’ full-year net profit up nearly 65% to RMB 330 million, with a final dividend of HKD 0.1588.

【12:00】 Hang Seng half-day down 347 points to 24,988, with a turnover of HKD 136.73 billion. Tech Index down 2.1% to 4,817. Kuaishou (01024) plunged over 13%, Alibaba (09988) fell more than 3%, Meituan (03690) retreated 3%, China Life (02628) declined nearly 8%, Pop Mart (09992) dropped over 9%.

【11:34】【2319 Earnings】Mengniu expects revenue to rebound this year, with single-digit growth target. Why did last year’s net profit surge nearly 14 times?

【11:29】【1024 Analysis】Kuaishou stock drops nearly 14% after earnings, Nomura cuts target price. Analysis: Concerns over AI capital expenditure, “it’s actually much more than what can be earned.”

【11:17】【Index ETF】E Fund Asia Semiconductor ETF listed on Thursday, initial subscription scale in the billions.

【11:06】Market further declines, latest down about 400 points to 24,935, with a turnover of HKD 112.9 billion. Tech Index down 2.4% to 4,805. Kuaishou (01024) plunged over 13%, Alibaba (09988) fell 4%, Meituan (03690) retreated over 3%, China Life (02628) declined over 7%, Pop Mart (09992) dropped over 7%.

【10:57】【MPF】Fund rating: In March, the average MPF loss per person was HKD 21,542. Remain calm and diversify investments.

【10:38】Kingsoft (03888) rose over 8% against the trend, reaching HKD 25.1.

【3888 Earnings】Kingsoft’s profit last year increased 29% to RMB 2 billion. Final dividend reduced by 13% to HKD 0.13.

【10:29】Hong Kong stocks opened earlier with about a 350-point decline, dipping below 25,000 to a low of 24,975.

【10:27】【9992】Pop Mart stock fell another 10% early, with over 1,000 buy orders at the HKD 150 level.

【10:16】【815 Earnings】China Silver’s stock fell over 6% after earnings, last year profit surged over 57 times, no dividend.

【10:16】Hang Seng Index latest down about 300 points to 25,034, testing support at 25,000. Kuaishou (01024) dropped over 12%, China Life (02628) fell nearly 6%.

【09:58】Meituan (03690), which surged yesterday, will announce earnings today. Stock retreated 3% before results, low of HKD 87.2.

【09:51】Market early decline of about 200 points, at 25,134.

【09:43】IGG (00799) rose over 20% against the trend, reaching HKD 3.63.

【Mobile Game Stock 799 Earnings】IGG’s full-year net profit fell less than 0.1%, with special dividends totaling HKD 0.544.

【09:40】China Life (02628) fell over 3% after earnings, low of HKD 26.38.

【2628 Earnings】China Life’s final dividend increased 37% to RMB 0.618, with a 36% rise in new business value.

【09:39】TVB (00511) rose over 1% after earnings, opening high at HKD 2.93.

【TVB 511】Last year, TVB turned profitable with HKD 59 million, no dividend. Xu Tao: AI helped reduce production costs by 30%, rebranded as “Wireless Group” to reflect multi-platform entertainment media positioning (second edition).

【09:33】Pop Mart (09992) briefly fell nearly 10% after market open, low of HKD 152.

【09:22】 Hang Seng Index opened 68 points lower at 25,267, with HKD 3.83 billion in turnover. Tech Index down 0.7% to 4,889. Kuaishou (01024) fell nearly 10% after earnings, Pop Mart (09992) continued to weaken, down another 1%. JD.com (09618) rose over 2% against the trend.

【09:10】 Hang Seng Futures in the night session down about 17 points, at 25,255.

【08:04】【Xi-Trump Meeting】White House announces Trump will visit China from May 14-15; Xi Jinping will visit Washington later this year.

【07:49】【6682】Paradigm Intelligent plans to issue A-shares and list on Shenzhen Stock Exchange after counseling.

【07:45】【Morning Brief】Pop Mart stock plunged over 22%, net profit nearly tripled last year; Kuaishou Q4 adjusted profit of HKD 5.46 billion exceeded expectations; Gemini fully unblocked in Hong Kong, successfully operational.

【07:45】Night futures closed down 102 points at 25,268, with the Chinese concept stock index up 1.9% at 6,897. JD.com ADR in US stocks rose 3%.

| ADR | HKD Equivalent | Change from HK Market Close | | Meituan ADR | 89.29 | -0.79% | | Tencent ADR | 503.19 | -0.46% | | HSBC ADR | 127.00 | +1.60% | | Alibaba US Stocks | 126.92 | -1.54% |

More Hong Kong Stocks ADRs and Chinese Concept Stock Quotes:

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【07:30】White House Press Secretary Karoline Leavitt announced Wednesday that President Trump will meet with Chinese President Xi Jinping in Beijing on May 14-15; market expects this schedule to suggest the US expects the Middle East war to end around mid-May. US stocks rebounded sharply on Wednesday. Dow Jones rose up to 594 points, but war negotiations remain uncertain. The Dow closed up 305 points at 46,429; the S&P 500 gained 0.54%, the Nasdaq rose 0.77%, and the Golden Dragon Index, reflecting Chinese concept stocks, increased 1.86%.

See US stocks close:

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Hong Kong stocks yesterday market, for details see: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 JD.com US stocks up 3%, night futures down 102 points

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