[Hong Kong Stock Market Close] Hang Seng Index drops 58 points, Kuaishou shares once rose 11%, PetroChina up nearly 4%, Tencent falls over 1% breaking support (updating continuously)

【Hang Seng Index / Hang Seng Index / HS/HSI / Hang Seng Index / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened high but then fell more than 50 points. The Hang Seng Index opened 90 points higher, opening at 26,497 points, and reached a maximum increase of 185 points in the early session, hitting 26,592 points. The gains later narrowed, turning into a decline in the afternoon. The Hang Seng Index fell 58 points, closing at 26,347 points, with a turnover of 262.65 billion yuan. The Tech Index dropped 0.7%, reporting 5,070 points. Kuaishou (01024) rose nearly 2%, China National Petroleum (00857) rose nearly 4%, Tencent (00700) fell over 1% to break below, HSBC (00005) fell nearly 2%.

U.S. stocks are continuously updating; for details, see: Next Page

Financial Diary:

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Market Trends:

【16:10】Hang Seng Index down 58 points, closing at 26,347 points, with a turnover of 262.65 billion yuan. The Tech Index dropped 0.7%, reporting 5,070 points. Kuaishou (01024) rose nearly 2%, China National Petroleum (00857) rose nearly 4%, Tencent (00700) fell over 1% to break below, HSBC (00005) fell nearly 2%.

【16:00】Hang Seng Index futures fell 41 points, reporting 26,365 points, with a turnover of 251.19 billion yuan.

【15:57】【02007】Country Garden: Fully activating existing resources; currently a key window for market expectation recovery, and the upward cycle gear is slowly turning.

【15:57】【Robots】Yushu Technology releases GD01 manned transforming mecha, starting at 3.9 million RMB; capable of transformation, civilian transportation tools (with pictures).

【15:26】The “AI Three Treasures” declined, Zhipu (02513) fell 7%, MINIMAX (00100) and Xunce (03317) each fell 6%.

【15:18】Maoji Kwun Tong (01716) surged again, rising 30% against the market, breaking previous high to reach 9.71 yuan, with a turnover of 69.29 million yuan.

【15:18】Tencent (00700) fell over 1% at the close, hitting a low of 457.4 yuan.

【15:03】Hong Kong stocks maintained about a 50-point decline at the close, with a turnover of 215.9 billion yuan. The Tech Index fell 0.6%, reporting 5,074 points.

【15:01】【01024】Morgan Stanley: If Kuaishou spins off Kuaishou Cloud, each share could be worth 68 yuan. Citigroup expects Kuaishou Cloud to be upgraded before June 6.

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

【14:26】【700】Tencent’s stock price fell nearly 1% before earnings, testing a 52-week low at 460 yuan, 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%, reporting 5,068 points.

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

【13:34】【Movers】Ruentex Pharmaceutical (01716) rose 16% after reaching a strategic cooperation and licensing agreement with multinational drug company Bristol-Myers Squibb.

【13:25】JD.com (09618) performed steadily before earnings, rising 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 oversubscribe, margin trading is 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, reporting 26,457 points, with a turnover of 144.7 billion yuan. The Tech Index fell 0.8%, reporting 5,067 points.

【13:01】【US Sanctions】Before 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 will release earnings on Thursday. Analysis: mainly driven by speculation; “don’t compare with the US stocks’ expectations of several times growth.”

【12:40】Hong Kong stock analysis｜Narrow fluctuations; 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 half-day up 79 points, reporting 26,486 points, with a turnover of 140.43 billion yuan. Kuaishou (01024) rose over 3%, China National Petroleum (00857) rose over 4%, chip stocks retreated, SMIC (00981) fell over 2%, Pop Mart (09992) declined 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】Midday, the Hang Seng Index’s gains narrowed to about 75 points, reporting 26,481 points, with a turnover of 132.2 billion yuan. The Tech Index turned down 0.4%, reporting 5,088 points.

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

【10:57】Link REIT (00823) 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%, urging “Buy.”

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

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

【10:10】Kuaishou (01024) stock price growth halved, latest up over 4%, reporting 54 yuan, earlier reaching a high of 57.4 yuan.

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

【10:08】The latest Hang Seng Index up about 140 points, reporting 26,546 points, with a turnover of 8B yuan. The Tech Index rose 0.3%, reporting 5,122 points.

【09:28】Meme Strategy (02440) stock rose 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】Hang Seng Index opened 90 points higher, reporting 26,497 points, with a turnover of 3.7 billion yuan. The Tech Index rose 0.5%, reporting 5,129 points. Kuaishou (01024) rumored to spin off Kuaishou Cloud, stock up nearly 10%. Alibaba (09988) fell 0.3%, Tencent (00700) fell 0.5%.

【AI+1024】Kuaishou rumored to spin off Kuaishou Cloud, valuation at 8B yuan, listing as early as 2027.

【09:11】Hang Seng Futures up 91 points, reporting 26,494 points.

【08:32】【New IPO】Yushite Technology 1511 raised 870 million yuan, providing autonomous vehicle services at Hong Kong Airport; initial price 3,045 yuan.

【08:03】【New IPO】“First Commercial Aerospace Stock” Tuopu CNC 7688 raised 1.72 billion yuan; China’s leading five-axis CNC machine tool company; initial price 2,666 yuan.

【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 won, UBS recommends buying.

【07:45】Night futures closed up 98 points, at 26,421 points. Chinese concept stocks rose 1%, closing at 7,067 points. JD.com ADR in the US rose 1%.

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