[Hong Kong Stock Market] Hang Seng Index drops 277 points in the first half-day, nearly holding at 25,000; Xiaomi falls 4% to break bottom; Alibaba and Meituan drop 3%; Geely defies the trend, rising over 6% to hit a new high (updating continuously)

SocialAnxietyStaker · 2026-04-02T04:45:55+00:00

Hong Kong stocks were affected by Trump's remarks, with the Hang Seng Index opening lower and extending its decline in the early trading session. The half-day close was at 25,016 points, with a turnover of 116.2 billion yuan. Technology stocks such as Alibaba, Meituan, and Xiaomi all fell more than 3%. Only a few stocks like PetroChina, CNOOC, and Geely rose against the trend. Overall market sentiment remains weak.

SocialAnxietyStaker

2026-04-02 04:45:55

Abstract generation in progress

【Hang Seng Index/恒生指數/恒生指數/HSI/Hang Seng Index/Hong Kong stocks/night futures/ADR】Hong Kong stocks fell after a long period of gains were weighed down by concerns and Trump’s remarks. The Hang Seng Index opened 39 points lower at 25,254 points. The decline then widened to more than 200 points, falling to the brink of 25,000 points. Hong Kong stocks were down 277 points in the first half-day. The Hang Seng Index closed at 25,016 points at noon, narrowly holding above 25,000, with turnover of 116.2 billion yuan. The Tech Index fell 2.2%, to 4,651 points. Alibaba （09988） , Meituan （03690） both fell more than 3%; Xiaomi （01810） dropped 4% and broke below. China Petroleum （00857） and CNOOC （00883） rose 1% and 0.8% respectively in a countertrend move. Geely （00175） surged more than 6% to a new high, and Sunny Optical （02382） rose more than 5%.

U.S. stock market updates are constantly being refreshed. For details, please see: Next page

Intraday performance:

【12:40】【AI+Doubao】Doubao daily Token usage exceeds 1.2 trillion, doubling from the past 3 months

【12:00】Hong Kong stocks fell 277 points in the first half-day. The Hang Seng Index closed at 25,016 points at noon, narrowly holding above 25,000, with turnover of 116.2 billion yuan. The Tech Index fell 2.2%, to 4,651 points. Alibaba （09988） , Meituan （03690） both fell more than 3%; Xiaomi （01810） dropped 4% and broke below. China Petroleum （00857） and CNOOC （00883） rose 1% and 0.8% respectively in a countertrend move. Geely （00175） surged more than 6% to a new high, and Sunny Optical （02382） rose more than 5%.

【11:42】【Hong Kong stocks analysis】The Hang Seng Index’s losses widened to more than 200 points. Everbright Securities: Don’t make heavy bets before the long holidays; the bull-market uptrend for the medium and long term is unchanged. In the earnings season, what types of stocks should you look for?

【11:31】Some recently listed stocks saw follow-on buying. Lens Technology （06636） rose more than 20%; Fu Li Industry （03625） rose 9%.

【11:31】【Hong Kong FinTech Association】White paper: AI adoption rate in Hong Kong’s financial services industry is 38%, above the global average

【10:47】Zhipu （02513） gave back 14% of its share price; MINIMAX （00100） fell more than 9%; XunCe （03317） rose nearly 2% despite the downturn.

【AI+2513】Zhipu releases the GLM-5V-Turbo multimodal Coding foundation model for visual programming

【10:26】Alibaba （09988） , Meituan （03690） , Xiaomi （01810） fell more than 3%; Tencent （00700） fell more than 1%.

【10:24】Sunny Optical （02382） rose more than 4% in a countertrend move, hitting a high of 60.1 yuan.

【10:13】The market is down about 250 points, with another test of the 25,000 level.

【09:38】Geely （00175） rose 5% despite the downturn, breaking to a high of 23.14 yuan.

【09:22】The Hang Seng Index opened 39 points lower, starting at 25,254 points, with turnover of 3.06 billion yuan. The Tech Index fell 0.5%, to 4,732 points. Alibaba （09988） fell more than 1%; HSBC （00005） rose 0.8%; Zijin （02899） rose another 0.9%.

【09:07】【22】“Rent-collection king” Lene’s family plans to sell Mdm Holdings with a 38% discount; cashing out up to 230 million yuan

【08:58】Hang Seng night futures rose by about 105 points, to 25,367 points.

【08:31】【9863】Stellantis reportedly in talks with Leapmotor for cooperation in producing electric vehicles at an idle factory in Canada

【07:45】【Morning Highlights】SpaceX secretly filed an IPO application｜A single article to make sense of performance of China’s new energy vehicle factories in March｜Zhipu AI has its target price raised by JPMorgan

【07:45】Night futures closed up 3 points, at 25,301 points. The China concept stock index rose 0.3%, to 6,774 points. The HSBC ADR rose 3% in Hong Kong.

| ADR | Converted Hong Kong dollars | Change vs. Hong Kong close | | Meituan ADR | 81.71 | -0.29% | | Tencent ADR | 497.70 | +0.22% | | HSBC ADR | 133.96 | +2.81% | | Alibaba US shares | 121.22 | -1.21% |

More Hong Kong stock ADRs and China concept stock quotes:

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【07:30】Market hopes the Middle East war may come to an end; the Dow’s gains briefly expanded to 461 points. It closed up 224 points, at 46,565 points; the S&P rose 0.72%; the Nasdaq rose 1.16%.

Watch U.S. stocks’ closing performance right now:

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Last session’s intraday conditions for Hong Kong stocks. For details, see: 【Hong Kong night futures + ADR + Northbound capital】HSBC ADR surged 3% in Hong Kong stocks; night futures closed up 3 points

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