[Hong Kong Stock Market Closing] Hope for Iran War to End, Hang Seng Index Opens April Up 505 Points; Zhipu Gains Over 30%; Zijin Gold Up Nearly 6%, CNOOC Down 3%; Pop Mart Ends Five-Day Losing Streak (Updating)

【Hang Seng Index/HSI/Hang Seng Index/Hang Seng Index/HSI/Hang Seng Index/Hang Seng Index/Night Futures/ADR】Hong Kong stocks started the second quarter up about 500 points, with the market’s “endgame” atmosphere running high. The Hang Seng Index opened 569 points higher on the first trading day of April, opening at 25,357 points, reclaiming the 25,000 level. In the afternoon, it had risen by nearly 650 points at one point. The Hang Seng Index closed up 505 points, at 25,294 points. Turnover was 2914.2 billion yuan. The Tech Index rose 2.3%, to 4,756 points. Zhipu （02513） After the results, it jumped nearly 32%. Financial stocks were strong; HSBC （00005） and AIA （01299） both rose more than 3%. Zijin （02899） rose close to 6%; CNOOC （00883） fell more than 3%. Pupu Mart （09992） ended its five-day losing streak and rebounded 1%.

U.S. stock market news is being updated continuously—see the next page for details

Financial Diary:

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Intraday performance:

【16:10】The Hang Seng Index opened April up 505 points, closed at 25,294 points, turnover 2914.2 billion yuan, the Tech Index rose 2.3% to 4,756 points. Zhipu （02513） After the results, it jumped nearly 32%. Financial stocks were strong; HSBC （00005） and AIA （01299） both rose more than 3%. Zijin （02899） rose close to 6%; CNOOC （00883） fell more than 3%. Pupu Mart （09992） ended its five-day losing streak and rebounded 1%.

【16:00】The Hang Seng Index U-shaped before-hours session rose 472 points to 25,260 points, with turnover of 2798.7 billion yuan.

【15:11】Hong Kong stocks ended the session up nearly 550 points to 25,330 points. It had climbed as much as 641 points at one point in the afternoon, reaching a high of 25,429 points.

【14:50】CNOOC （00883） fell more than 4% in the afternoon. PetroChina （00857） fell more than 2%. Aviation stocks took off: Cathay Pacific （00293） rose more than 4%; China Eastern （00670） rose 10%; Air China （00753） rose 9%; China Southern （01055） rose more than 7%.

【13:39】【17】New World Development launches a large Shenzhen integrated residential-and-industrial town project; the residential name “Zhenyue” rolls out 300 units, focusing on 3-bedroom units or larger

【13:03】The Hang Seng Index rose about 485 points in the early afternoon to 25,273 points, turnover 149 billion yuan. The Tech Index rose 1.6% to 4,723 points.

【13:03】【Gambling stocks】Macao’s gaming revenue in March was 22.61 billion patacas, up 15% year on year; gaming revenue recovered month on month by nearly 10%

【12:53】【Trading halt】39 companies have not published results and are suspended from trading. HKEX: continuing to communicate with issuers

【12:00】The Hang Seng Index was up 489 points for the first half-day to 25,277 points, turnover 1445.5 billion yuan. The Tech Index rose 1.6% to 4,723 points. HSBC （00005） rose more than 2%; AIA （01299） rose 3%; Pupu Mart （09992） stopped falling and rebounded by more than 3%. Meituan （03690） and BYD （01211） were down more than 2% against the trend. Zhipu （02513） surged by as much as 30% after results, and MINIMAX （00100） rose more than 17%.

【11:48】Before the noon close, the Hang Seng Index was up about 507 points to 25,295 points.

【11:35】【2513 Analysis】Zhipu surged as much as 35% after results. Analysis: The results reflect its leadership position as a China AI frontrunner, and multiple performance indicators have delivered

【11:29】【992】Lenovo’s Yang Yuanqing: FY2025/26 is Lenovo’s best year in its history; revenue is expected to reach RMB 560 billion, setting a historical record

【11:06】【Electric vehicles】Leapmotor delivered 50,000 vehicles in March, and Xiaomi delivered 20,000 vehicles. One article to clearly see the performance of China’s new energy vehicle makers in March (updated continuously)

【11:04】Pupu Mart （09992） repurchased shares for consecutive days. The share price has rebounded 3% recently, reaching a high of 149.4 yuan.

【9992】Pupu Mart’s share price fell for five straight days, down nearly 34% cumulatively; for the fourth consecutive day it repurchased shares, with the amount reduced again to nearly 100 million yuan

【10:42】MINISO （09896） rose 3% after results, hitting a high of 32.74 yuan.

【MINISO results】MINISO’s full-year adjusted net profit grew 6.5%; it will pay a final dividend of 9.41 US cents

【10:42】BYD （01211） The share price fell more than 3% against the trend, hitting a low of 101.6 yuan.

【10:24】Zijin （02899） rose more than 4%; Zijin Gold International （02259） rose 6%; Lingbao Gold （03330） rose 8%; Zhaojin （01818） and Shandong Gold （01787） rose more than 3%.

【Gold price trend】Gold prices continued higher; spot gold briefly rose above the $4,700 level. Betting that the Iran war could end

【10:24】Zhipu （02513） After the results, it once rose as much as 35%, reaching a new high at 938 yuan. It is currently up 25% to 868 yuan. MINIMAX （00100） rose 10%; Xunce （03317） rose 6%.

【10:15】The Hang Seng Index is currently up nearly 500 points, at 25,283 points. Up 495 points. Turnover was 83.8 billion yuan. The Tech Index rose 1.5% to 4,722 points.

【09:37】Financial stocks performed strongly. Among them, HSBC （00005） rose more than 2%; Standard Chartered （02888） rose more than 3%; AIA （01299） rose 4%.

【09:22】Hong Kong stocks kick off the second quarter: on the first trading day of April, the Hang Seng Index opened up 569 points to 25,357 points, reclaiming the 25,000 level. Turnover was 6.77 billion yuan. The Tech Index rose 2.8% to 4,777 points. Alibaba （09988） rose more than 3%; Tencent （00700） rose 4%; Zhipu （02513） rose 15% after results, breaking to a new high. PetroChina （00857） and CNOOC （00883） both “two oil barrels” fell 1% and 2%, respectively.

【AI + 2513 results】Zhipu’s revenue last year increased 131.9% year on year; adjusted net loss of RMB 3.18 billion

【09:10】The Hang Seng Index night futures rose by about 534 points to 25,303 points.

【08:01】【9863】Leapmotor’s chief executive officer and others bought shares worth 230 million yuan

【07:45】【Morning Smart Picks】Buffett laments that he sold Apple stock too early; currently there’s not much to be excited about in the market｜Zhipu’s revenue increased 1.3 times year on year last year

【07:45】With a strong “endgame” atmosphere, funds rushed in aggressively. Night futures closed up 436 points, closing at 25,191 points. Turnover reached as many as 24,000 lots. The China-concept stock index rose 2.8%, closing at 6,753 points. Alibaba U.S.-listed shares rose in line with Hong Kong-listed shares.

More Hong Kong stock ADRs and China-concept stock quotes:

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【07:30】The market is hoping that both sides deploy to stop the fighting. Iranian President Masoud Pezeshkian said Tehran is willing to end the war as long as it is assured that it will no longer be attacked. U.S. President Trump, it is reported, has also released signals of a ceasefire, intending to end U.S. military action against Iran with the Strait of Hormuz not yet reopened. U.S. stocks surged on Tuesday— the Dow’s gain had widened to as much as 1,167 points. The Dow closed up 1,125 points at 46,341; the S&P 500 rose 2.91%, and the Nasdaq jumped 3.83%.

Watch U.S. stocks’ close:

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Hong Kong stock market conditions from the previous day—see: 【Hong Kong night futures + ADR + Northbound funds】Funds rushed in; night futures surged 436 points, and Alibaba U.S. shares lifted Hong Kong stocks by 3%

		Financial Hot Talk
	





 Will Iran-U.S. conflict turn into a long war? Is the market underestimating the risk of a global economic recession?