【Hong Kong Stock Market】Hang Seng Index drops 500 points, Kuaishou shares plunge over 13%, China Life down 9%, Meituan and Alibaba fall 4%, Pop Mart continues to decline (updating constantly)

SocialAnxietyStaker · 2026-03-26T05:47:47+00:00

【Hang Seng Index / Hang Seng Index / HS/HSI / Hang Seng Index / 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 Index dropping 347 points in the first half of the day to 24,988, with a turnover of 136.73 billion yuan. The Tech Index fell 2.1% to 4,817 points. Kuaishou (01024) declined over 13%, Alibaba (09988) dropped more than 3%, Meituan (03690) retreated 3%, China Life (02628) fell nearly 8%, and Pop Mart (09992) declined over 9% again.Financial Daily:▼Click the image to enlarge

SocialAnxietyStaker

2026-03-26 05:47:47

【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) fell over 13%, Alibaba (09988) declined over 3%, Meituan (03690) retreated 3%, China Life (02628) dropped nearly 8%, Pop Mart (09992) fell over 9%.

Financial Daily Log:

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Market Movement:

【13:43】Xiaomi (01810) stock price steadied against the trend, up 0.5%, reaching a high of HKD 33.18.

【13:36】【152 Earnings】Shenzhen International stock plunged 13%, net profit down 22% year-on-year to HKD 2.25 billion, final dividend reduced by 23% to 46 cents, optional scrip dividend.

【13:34】【GAP】Gap plans to return to Hong Kong within the year, with plans to open 50 stores in mainland China this year.

【13:29】Hang Seng Index in the afternoon down 500 points, Kuaishou dropped 13%, China Life fell 9%, Alibaba and Meituan declined over 4%.

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

【12:53】【881 Earnings】Zhongsheng (0811) turned from profit to loss last year, with a loss of RMB 1.673 billion, no final dividend, two founders to cut their 2026 salaries to HKD 1 to show determination.

【12:49】【Food Delivery Stocks Analysis】Meituan and Alibaba retreated 3%. Analysis: Whether the food delivery war is over remains uncertain. If the era of burning cash for subsidies ends, Meituan will benefit the most.

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

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

【12:31】【1475 Earnings】Nissin Foods’ full-year net profit rose nearly 65% to HKD 330 million, with a final dividend of 15.88 cents.

【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) fell over 13%, Alibaba (09988) declined over 3%, Meituan (03690) retreated 3%, China Life (02628) dropped nearly 8%, Pop Mart (09992) fell 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 plunged nearly 14% after earnings, Nomura lowered 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 declined, 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) fell over 13%, Alibaba (09988) declined 4%, Meituan (03690) retreated over 3%, China Life (02628) and Pop Mart (09992) dropped over 7%.

【10:57】【MPF】Fund rating: In March, the average MPF loss per person was HKD 21,542. Urges to stay 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, with a 13% cut in final dividend to HKD 0.13.

【10:29】Hong Kong stocks early in the session fell about 350 points, breaking below 25,000, low at 24,975.

【10:27】【9992】Pop Mart stock dropped another 10% early, with over 1,000 buy orders queued at HKD 150 to bottom fish.

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

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

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

【09:51】Market early in the session down about 200 points to 25,134.

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

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

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

【2628 Earnings】China Life’s final dividend increased 37% to RMB 0.618, new business value up 36% year-on-year.

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

【TVB 00511】Last year, TVB turned profitable with HKD 59 million, no dividend. Xu Tao: AI helped reduce production costs by 30%, renamed “Wireless Group” to reflect multi-platform entertainment media positioning (second edition).

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

【09:22】Hang Seng Index opened down 68 points, at 25,267, with HKD 3.83 billion 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 opened 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 Focus】Pop Mart stock plunged over 22%, net profit nearly tripled last year; Kuaishou Q4 adjusted profit HKD 5.46 billion, beating expectations; Gemini fully unblocked in Hong Kong, testing successful.

【07:45】Night futures closed down 102 points at 25,268, with the China concept index up 1.9% at 6,897. JD US stocks up 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 Stock | 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; markets anticipate this schedule suggests the US expects the Middle East war to end around mid-May, with US stocks rebounding sharply on Wednesday. Dow Jones rose up to 594 points, but war negotiations remain uncertain. The close saw Dow up 305 points at 46,429; the S&P 500 rose 0.54%, Nasdaq up 0.77%, and the Golden Dragon Index, reflecting Chinese concept stocks, rose 1.86%.

See US stocks close:

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

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