【Hong Kong Stock Market】Hang Seng Index turns lower in the afternoon, Kuaishou shares once rose 11%, 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 in the first half of the day and then retraced. The Hang Seng Index opened up 90 points, at 26,497 points, reaching a high of 18 points earlier in the morning, at 26,592 points. The upward momentum then slowed, with the Hang Seng Index rising 79 points in the first half, 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) declined 3% against the trend.

US stock market updates continuously, see details on the next page

Financial Daily:

			▲ Financial Daily

Market Trends:

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

【14:26】【700】 Tencent’s stock price fell nearly 1% before earnings, testing a 52-week low, 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 (Hengrui Medicine) up 16% after strategic cooperation and licensing agreement with multinational pharmaceutical company Bristol-Myers Squibb.

【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 market close dark pool trading. Analysis: New stocks are hard to allocate, margin trading not recommended. Use “crowd tactics” or dark pool buying to maximize capital profits.

【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 announced earnings on Thursday. Analysis: Mainly driven by speculation; “Don’t compare with US stocks expecting several times growth.”

【12:40】Hong Kong stocks analysis｜Narrow fluctuations in Hong Kong stocks. 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 increased 8% year-on-year to 3.6 billion yuan, net profit up 11% to 12.4 billion yuan.

【12:00】 The Hang Seng Index rose 79 points in the first half, 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) declined 3% against the trend.

【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 narrowed its midday gains to about 75 points, at 26,481 points, with a turnover of 132.2B yuan. The Tech Index turned down 0.4%, at 5,088 points.

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

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

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

【10:49】 Bubble Mart (09992) stock declined 3% against the trend, 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 rise halved, latest up over 4%, at 54 yuan, earlier reaching a high of 57.4 yuan.

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

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

【09:28】 Meme Strategy (02440) stock up 20%, at 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 rose 91 points, at 26,494 points.

【08:32】【IPO】 Yushitech (1511) raised HKD 870 million, providing autonomous vehicle services at Hong Kong Airport, with a minimum investment of HKD 3,045.

【08:03】【IPO】 “First Commercial Aerospace Stock” Tuopu CNC (7688) raised HKD 1.72 billion, a leading five-axis CNC machine tool company in China Aerospace, with a minimum investment of HKD 2,666.

【07:45】【Xi-Trump Meeting】 Huang Renxun suddenly announced absence from the delegation. Trump: Looking forward to China trip.

【07:45】【Morning Highlights】 Huang Renxun’s sudden absence 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 closed up 98 points, at 26,421 points. The Chinese concept stock index rose 1%, at 7,067 points. JD.com US stocks rose 1%.

More Hong Kong stocks ADRs and Chinese concept stock quotes:

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【07:30】 US stocks fluctuated 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 gained 0.1%, at 26,274.

See US stock market close:

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