[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 Index / Hang Seng Index / HSI / 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 high of 26,592 points in the morning session, up to 185 points. Later, the gains 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%, to 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 Daily:

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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. Tech Index down 0.7%, at 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 Futures down 41 points, at 26,365 points, with a turnover of 251.19 billion yuan.

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

【15:57】【Robots】Yushu Technology releases GD01 manned transforming mech, starting at 3.9 million RMB. It is transformable and a civilian transportation tool (with picture).

【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 highs 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. Tech Index down 0.6%, at 5,074 points.

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

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

【14:26】【700】Tencent’s stock price fell nearly 1% before earnings, testing a 52-week low at 460 yuan. There are 3,500 buy orders at 460 yuan waiting to buy.

【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. Tech Index down 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 prominent,” local retail market has shifted.

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

【13:25】JD.com (09618) performance steady before earnings, up 0.6%, 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. 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. Tech Index down 0.8%, at 5,067 points.

【13:01】【U.S. Sanctions】Before Trump’s visit to China, the U.S. Treasury sanctions 4 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 driven by speculation; “Don’t compare with U.S. stocks expecting 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 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 half-day up 79 points, at 26,486 points, with a turnover of 140.43 billion yuan. Kuaishou (01024) up over 3%, China National Petroleum (00857) up over 4%, chip stocks retrace, SMIC (00981) down over 2%, Pop Mart (09992) down 3% against the market.

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

【11:32】The Hang Seng Index before noon closed with a narrower gain of about 75 points, at 26,481 points, with a turnover of 132.2 billion yuan. Tech Index down 0.4%, at 5,088 points.

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

【10:57】Link REIT (00823) stock up over 1%, high of 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】Pop Mart (09992) stock down 3% against the market, low of 161.1 yuan.

【10:17】China National Petroleum (00857) up nearly 3%, CNOOC (00883) up 0.5%, 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 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 71.4B yuan. Tech Index up 0.3%, at 5,122 points.

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

【Alternative Investment】Meme Strategy: Pokémon card token fund oversubscribed in fundraising. “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. Tech Index up 0.5%, at 5,129 points. Kuaishou (01024) rumored to spin off Kuaile AI, stock up nearly 10%. Alibaba (09988) down 0.3%, Tencent (00700) down 0.5%.

【AI+1024】Kuaishou rumored to spin off Kuaile AI, valuation at 1.56 trillion yuan, listing as early as 2027.

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

【08:32】【IPO】Yushitech 1511 raises 870 million yuan, providing autonomous vehicle services at Hong Kong Airport. Entry fee 3,045 yuan.

【08:03】【IPO】“First Commercial Aerospace Stock” Tuopu CNC 7688 raises 1.72 billion yuan, China’s leading five-axis CNC machine tool manufacturer. Entry fee 2,666 yuan.

【07:45】【Xi-Trump Meeting】Huang Renxun unexpectedly absent from 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 24 trillion Korean won, UBS recommends buy.

【07:45】Night futures close up 98 points, at 26,421 points. Chinese concept stocks index up 1%, at 7,067 points. JD.com ADR in U.S. stocks up 1%.

More Hong Kong stocks ADRs and Chinese concept stock quotes:

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【07:30】U.S. stocks fluctuate upward, the S&P 500 and Nasdaq both hit record 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.

Watch U.S. stock market close: