[Hong Kong Stock Market] Hang Seng Index fell 98 points in half-day trading, Tencent rose nearly 3%, Kuaishou fell 9%, 7709 and 7747 plunged over 19% (constantly updating)

【Hang Seng Index / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks fluctuated in the morning, falling nearly 100 points. The Hang Seng Index opened 47 points lower at 23,568, briefly turned positive during early trading, rising up to 204 points to a high of 23,820, before retreating again. The Hang Seng Index fell 98 points in the morning to 23,517, with turnover of HKD 187.04 billion. The Tech Index dropped 0.3% to 4,528. Tencent (00700) bucked the trend, rising nearly 3%, while Kuaishou (01024) plunged over 9%. SMIC (00981) fell 3%, and XL ERICSSON NAMPO? (actually "XL South Semiconductor" and "XL South Samsung" – keep codes: 07709 and 07747) XL Nvidia? Wait, original: XL South Semiconductor (07709) and XL South Samsung (07747) each fell over 19%.

US stock market updates continuously, details please see: next page

Financial Calendar:

▲ Financial Calendar

Intraday Movements:

[12:00] Hang Seng Index fluctuated and fell 98 points in the morning, closing at 23,517, turnover HKD 187.04 billion, Tech Index down 0.3% at 4,528. Tencent (00700) rose nearly 3% against the trend, Kuaishou (01024) slumped over 9%. SMIC (00981) fell 3%, XL ERICSSON? Actually XL South Semiconductor (07709) and XL South Samsung (07747) each fell over 19%.

[11:52] Kuaishou (01024) fell 10%, touching a low of HKD 41.38.

[11:42] 【Gold Trading】Ai Qiaozhi: HSBC completed settlement of over 6 gold trades under "HAU" quote, aims to expand Hong Kong gold storage capacity to 200 tonnes within months.

[11:25] Hang Seng Index fell about 80 points before noon close, at 23,535.

[11:06] 【Bond Market】Ai Qiaozhi: Hong Kong bond market has 3 characteristics; Zhang Hui: Hong Kong should build one-stop platform to attract funds and help Chinese companies go abroad.

[11:03] 【MPF】MPF Ratings: MPF average gain per person in first half was HKD 18,500.

[10:58] 【Gold Trading】Li Jiachao: Hong Kong gold central clearing system begins trial operation; studies developing new renminbi gold futures contracts.

[10:49] XL ERICSSON? Actually XL South Semiconductor (07709) fell 17%, XL South Samsung (07747) fell 19%.

[10:49] Market fell again, down about 45 points.

[10:30] Hang Seng Index rose up to 204 points this morning, high of 23,820, but the gain has narrowed to about 25 points, at 23,641.

[09:54] PBOC Governor Pan Gongsheng: Bond Connect Southbound annual net investment quota to be raised to RMB 800 billion; HKMA RMB business capital arrangement increased to RMB 500 billion, with usage period extended to 3 years.

[09:41] HSBC (00005) rose 1%, hitting a record high of HKD 154.4; Standard Chartered (02888) rose nearly 2%, hitting a record high of HKD 226.6.

[09:39] Early market turned positive, up about 30 points.

[09:39] Tencent (00700) rose nearly 4%, Alibaba (09988) rose 1%, Meituan (03690) rose over 5%, Xiaomi (01810) rose over 3%.

[09:26] 【IPO】Tongrentang Medical 2667 first-day closing down over 13% from offer price; loss per board lot HKD 370; attracted 66,000 applications, oversubscribed 250.7 times.

[09:22] Hang Seng Index opened 47 points lower at 23,568, turnover HKD 14.38 billion, Tech Index down 0.4% at 4,524. Tencent (00700) rose over 1% against the trend, Kuaishou (01024) fell 6%, Maoji Kwai Chung (01716) rose over 14%.

[700] Tencent reduces stake in Kuaishou, cashing out up to HKD 12.2 billion, holding drops to 9.37%.

[09:09] Hang Seng overnight futures fell about 6 points, at 23,519.

[07:55] 【1716】Maoji Kwai Chung places shares at nearly 20% discount to raise HKD 230 million, for developing new environmental protection and sustainable development business, and expanding existing media business.

[07:45] 【Morning Highlights】SK Hynix launches USD 28.2 billion US IPO plan; Tencent launches Hunyuan-Hy3 model; Apple extends Broadcom chip cooperation to 2031.

[07:45] Overnight futures closed up 26 points at 23,571; China concept stock index rose 1.7% to 6,013; Baidu ADR 1.5% higher than Hong Kong; auto stock ADRs performed well.

More HK ADR and China concept stock quotes:

[07:30] Dow opened lower, fluctuated, closed up 155 points at 53,055, breaking above 53,000 for the first time. S&P 500 rose 0.72%, Nasdaq rose 1.12%.

See US stock market closing:

Previous day Hong Kong stock market details, please see: 【HK Stocks Night Futures+ADR+Northbound】Overnight futures closed up 26 points, Baidu ADR 1.5% higher than HK, auto ADRs performed well.