[Hong Kong Stock Market Close] Hang Seng Index drops 177 points, regains 25,000 level; Xiaomi and Alibaba fall over 3%; Geely surges more than 8% (updating)

【Hang Seng Index/Hang Seng/Hang Seng/HSI/Hang Seng Index/Hong Kong stocks/night futures/ADR】Easter long weekend + Trump’s comments on a missed Middle East ceasefire setback weighed on Hong Kong stocks, with the Hang Seng Index falling by more than 100 points. The Hang Seng Index opened down 39 points, at 25,254 points. After that, the trend was downward; in the afternoon it had dropped as much as 392 points, hitting a low of 24,901 points. The Hang Seng Index closed down 177 points, at 25,116 points. The 25,000 level was lost and then regained. Turnover was HK$243.63 billion. The Tech Index fell 1.6%, to 4,679 points. Xiaomi （01810） 、Alibaba （09988） fell by more than 3%. Geely （00175） surged by more than 8%. Sunny Optical （02382） rose by half a percentage point. Gold prices rose; PetroChina （00857） rose 2%; CNOOC （00883） rose 0.2%. Zhipu （02513） gave back nearly 15%. MINIMAX （00100） plunged by 10%.

US stocks updates are constantly being refreshed—see next page for details:

Business Journal:

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Intraday market performance:

【16:00】Hang Seng Index closed down 177 points, at 25,116 points, with turnover of HK$243.63 billion. The Tech Index fell 1.6%, to 4,679 points. Xiaomi （01810） 、Alibaba （09988） fell by more than 3%. Geely （00175） surged by more than 8%. Sunny Optical （02382） rose by half a percentage point. Gold prices rose; PetroChina （00857） rose 2%; CNOOC （00883） rose 0.2%. Zhipu （02513） gave back nearly 15%. MINIMAX （00100） plunged by 10%.

【16:00】Hang Seng Index night futures were down 197 points before the U.S. trading session, at 25,096 points, with turnover of HK$233.64 billion.

【15:53】Affected by the Middle East conflict, mainland banks stocks moved up against the trend. The four major mainland banks rose between 0.2% and over 1%. Among them, Bank of China （03988） topped out at HK$5.06, breaking the top.

【15:13】In the late session, Hong Kong stocks fell by nearly 250 points, at 25,051 points, reclaiming the 25,000 level.

【13:29】【Power Equipment Stocks Analysis】After Dongfang Electric rose 7% the previous day, it gave back 2%　Analysis: Bullish on power equipment stocks　AI development and energy demand; power supply gap expected to last at least until 2030

【13:19】The Hang Seng Index is latest down 380 points, falling to near the 24,900-point level.

【13:14】Shandong Molong （00568） rose 23%; Bairen Youfu? （02178） rose by more than 16%.

【13:13】【Auto Stocks Analysis】BYD fell 2%, while Geely and Chery rose by more than 6%　Analysis: Oil prices help drive demand for new-energy vehicles　Prefer the two major leaders in the long run

【13:00】In the early afternoon, Hong Kong stocks fell by 300 points, slightly breaching the 25,000 level.

【12:40】【AI+Doubao】Doubao’s daily average Token usage exceeded 1.2 billion; double versus the past 3 months

【12:00】Hong Kong stocks were down 277 points in the first half of the day. The Hang Seng Index closed at 25,016 points at noon, narrowly holding above the 25,000 level. Turnover was HK$116.2 billion. The Tech Index fell 2.2%, to 4,651 points. Alibaba （09988） , Meituan （03690） both fell by more than 3%. Xiaomi （01810） fell 4% and hit the bottom. PetroChina （00857） and CNOOC （00883） moved up against the trend, rising 1% and 0.8% respectively. Geely （00175） rose by more than 6% to top out. Sunny Optical （02382） rose by more than 5%.

【11:42】【Hong Kong stocks analysis】The Hang Seng Index’s decline widened to more than 200 points. Everbright Securities: Before the long holidays, it’s not advisable to place heavy bets; the uptrend for the bull market in the medium-to-long term remains unchanged. During the earnings season, what kinds of stocks should you look for?

【11:31】Some recently listed stocks saw a “chase the rally” response. Jet Vision （06636） rose by more than 20%. Fuliye （03625） rose 9%.

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

【10:47】Zhipu （02513） share price gave back 14%. MINIMAX （00100） fell by more than 9%. Xunce （03317） instead rose by nearly 2% against the trend.

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

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

【10:24】Sunny Optical （02382） rose more than 4% against the trend, reaching a high of HK$60.1.

【10:13】The broader market fell by about 250 points again as it tested the 25,000 level.

【09:38】Geely （00175） rose 5% against the trend, topping out at a high of HK$23.14.

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

【09:07】【22】“Rent collector king” Lun’s family plans to sell Maosheng Holdings at a 38% discount; cashing out up to HK$230 million

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

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

【07:45】【Morning Focus】SpaceX secretly files an IPO application｜One article to see how 3-month new-energy vehicle plants performed｜Zhipu AI gets JPMorgan to raise its target price

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

| ADR | Converted HKD | 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 stocks | 121.22 | -1.21% |

More Hong Kong stock ADR and China concept stock quotes:

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【07:30】Market expectations that the Middle East war could come to an end pushed the Dow’s gains at one point to 461 points. It closed up 224 points at 46,565; the S&P 500 jumped 0.72%, and the Nasdaq rose 1.16%.

See US stock close performance:

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Hang Seng Index’s previous day intraday market conditions—see:【Hang Seng Index night futures + ADR + northbound capital】HSBC ADR up 3% in Hong Kong; night futures closed up 3 points

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