【Hong Kong Stocks Market Update】Hang Seng Index turns lower in the afternoon; Kuaishou shares had risen 11% at one point; SMIC pulls back 2%; Pop Mart drops 3% (updating continuously)

【Hang Seng Index / Hang Seng Index / HS Index / Hang Seng Index / HSI / Hang Seng Index / Hong Kong Stocks / Night Futures / ADR】 Hong Kong stocks opened high at midday and retraced. The Hang Seng Index opened up 90 points, at 26,497 points, reaching a high of 26,592 points earlier in the morning, then the upward momentum slowed. The Hang Seng Index rose 79 points at midday, to 26,486 points, with a turnover of 140.43 billion yuan. The Tech Index fell 0.4%, at 5,086 points. Kuaishou (01024) rose over 3%, China National Petroleum (00857) rose over 4%, chip stocks retreated, SMIC (00981) fell over 2%, Bubble Mart (09992) dropped 3% against the market.

U.S. stock market updates continuously, see details on: Next Page

Financial Diary:

			▲ Financial Diary

Market Trends:

【14:30】 The market latest down nearly 50 points.

【14:26】【700】 Tencent’s stock price fell nearly 1% before earnings, testing 52-week lows, with 3,500 buy orders queued at 460 yuan.

【14:18】 Hong Kong stocks turned lower in the afternoon, with the Hang Seng Index down about 6 points, at 26,400 points, with a turnover of 190.5 billion yuan. The Tech Index fell 0.8%, at 5,068 points.

【14:14】【1997】 Kowloon Warehouse Property Wu Tianhai: First quarter mall performance outperformed Hong Kong market, Harbour City “especially blue-chip,” retail market in Hong Kong has shifted.

【13:34】【Movers】 Ruentex Medical (恒瑞醫藥) up 16% after strategic cooperation and licensing agreement with multinational pharmaceutical company Pfizer.

【13:25】 JD.com (09618) remains steady before earnings, up 0.6%, reaching a high of 119.6 yuan.

【13:24】New Stock Analysis｜Jitai Technology 7666, Yingpai Pharmaceutical 7630 after-hours trading — Analysis: New stocks are hard to allocate, margin trading not recommended, using “crowd tactics” or dark pool buying to maximize capital gains.

【13:01】 The Hang Seng Index rose about 50 points in the afternoon, at 26,457 points, with a turnover of 144.7 billion yuan. The Tech Index fell 0.8%, at 5,067 points.

【13:01】【US Sanctions】 On the eve of Trump’s visit to China, the U.S. Treasury sanctions four Hong Kong companies involved in assisting Iran with oil trade.

【12:49】Chip stocks analysis｜SMIC and Huahong Semiconductor to release earnings on Thursday. Analysis: Mainly speculative concepts, “don’t compare with US stocks expecting several times growth.”

【12:40】Hong Kong stock analysis｜Narrow trading range, focus on Alibaba and Tencent earnings, analysis: If earnings meet expectations, the Hang Seng Index may test 27,000 points.

【12:36】【Gambling stocks 27】 Galaxy Entertainment’s first quarter adjusted EBITDA up 8% YoY to 3.6 billion yuan, net profit up 11% to 12.4 billion yuan.

【12:00】 The Hang Seng Index rose 79 points at midday, at 26,486 points, with a turnover of 140.43 billion yuan. The Tech Index fell 0.4%, at 5,086 points. Kuaishou (01024) rose over 3%, China National Petroleum (00857) rose over 4%, chip stocks retreated, SMIC (00981) fell over 2%, Bubble Mart (09992) dropped 3% against the market.

【11:44】 China National Petroleum (00857) rose nearly 5%, reaching 11.16 yuan. CNOOC (00883) rose 2%, reaching 27.14 yuan.

【11:32】 The Hang Seng Index’s midday gain narrowed to about 75 points, at 26,481 points, with a turnover of 132.2 billion yuan. The Tech Index turned down 0.4%, at 5,088 points.

【10:58】 Longfor Fiber Optic Cable (06869) stock broke new high at 283 yuan, latest at 271.6 yuan, up over 4%.

【10:57】 Link REIT (00823) stock up over 1%, reaching 41.78 yuan.

【823 Major Bank Report】 UBS: Link REIT management more motivated to carry out asset restructuring and buybacks, raising target price by 12%, recommending “Buy.”

【10:49】 Bubble Mart (09992) stock dropped 3% against the market, low at 161.1 yuan.

【10:17】 China National Petroleum (00857) up nearly 3%, CNOOC (00883) up 0.5%, reaching 27.14 yuan. Sinopec (00386) up 0.4%.

【10:10】 Kuaishou (01024) stock’s gain halved, latest up over 4%, at 54 yuan, earlier reaching 57.4 yuan.

【10:10】 Chip stocks soften, SMIC (00981) down 1% against the market, Huahong Semiconductor (01347) down nearly 4%.

【10:08】 The Hang Seng Index latest up about 140 points, at 26,546 points, with a turnover of 71.4 billion yuan. The Tech Index rose 0.3%, at 5,122 points.

【09:28】 Meme Strategy (02440) stock up 20%, reaching 2.05 yuan.

【Alternative Investment】 Meme Strategy: Pokémon card token fund oversubscribed, “Van Gogh Pikachu” card’s total market value?

【09:28】【HSBC】 HSBC plans to issue $1.5 billion in perpetual subordinated or convertible securities.

【09:22】 The Hang Seng Index opened 90 points higher, at 26,497 points, with a turnover of 3.7 billion yuan. The Tech Index rose 0.5%, at 5,129 points. Kuaishou (01024) rumored to spin off Flex AI, stock up nearly 10%. Alibaba (09988) down 0.3%, Tencent (00700) down 0.5%.

【AI+1024】Kuaishou rumored to spin off Flex AI, valuation at 156 billion yuan, listing as early as 2027.

【09:11】 The Hang Seng Index futures up 91 points, at 26,494 points.

【08:32】【New Stock IPO】 Yushì Technology (1511) raising 870 million yuan, providing autonomous vehicle services at Hong Kong Airport, with a minimum lot of 3,045 yuan.

【08:03】【New Stock IPO】 “First Commercial Aerospace Stock” Tuopu CNC (7688) raising 1.72 billion yuan, China’s leading five-axis CNC machine tool company, minimum lot 2,666 yuan.

【07:45】【Xi-Trump Meeting】 Huang Renxun unexpectedly absent from the delegation, Trump: Looking forward to China trip.

【07:45】【Morning Highlights】 Huang Renxun unexpectedly absent from Trump’s China visit delegation | Jitai Technology (7666) dividend results announced | SK Hynix trades hit 24 trillion Korean won, UBS recommends buying.

【07:45】 Night futures close up 98 points, at 26,421 points. The China Concept Stock Index up 1%, at 7,067 points. JD.com US stocks up 1%.

More Hong Kong stocks ADR and Chinese concept stock quotes:

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【07:30】 U.S. stocks fluctuate upward, with the S&P 500 and Nasdaq hitting new all-time highs. Dow closed up 95 points, at 49,704; S&P 500 rose 0.19%, at 7,412; Nasdaq up 0.1%, at 26,274.

Check out U.S. stock market close:

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Hong Kong stocks yesterday, details see: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures close up 98 points, JD US stocks high, Hong Kong stocks up 1%.