【HK Stock Market Update】Hang Seng Index Opens 104 Points Higher; Yao Tai Securities Resumes Trading with Over 60% Gain; CATL Rises Another 1% Breaking New High, Baidu Falls Over 2% (Continuous Update)

【Hang Seng Index / Hang Seng Index / HS/HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened higher by 100 points. The Hang Seng Index opened up 104 points, at 25,938, challenging the 26,000 level. Turnover was HKD 3.88 billion. The Tech Index rose 0.5%, at 5,137 points. Yau Tai Securities Finance (01428) resumed trading with a gain of over 64%. Alibaba (09988) increased 0.9%. CATL (03750) rose over 1% to new highs. Baidu (09888) fell more than 2% against the trend.

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Financial Diary:

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Market Movement:

【09:22】 Hang Seng Index opened up 104 points, at 25,938, challenging the 26,000 level. Turnover was HKD 3.88 billion. The Tech Index rose 0.5%, at 5,137 points. Yau Tai Securities Finance (01428) resumed trading with a gain of over 64%. Alibaba (09988) increased 0.9%. CATL (03750) rose over 1% to new highs. Baidu (09888) fell more than 2% against the trend.

【1428】 NDRC “greenlight” for Ant Group to acquire Yau Tai Securities; trading resumes on 3/17.

【09:04】Hong Kong Futures up about 52 points, at 25,852.

【07:47】【Xi-Trump Meeting】Trump delays China visit by about a month, citing ongoing war and no tricks involved.

【07:45】【Morning Briefing】Jensen Huang predicts next year’s chip revenue could reach $1 trillion, calling it “still conservative” | NDRC approves Ant Group’s stake in Yau Tai Securities | Google to expand Gemini to all Hong Kong users.

【07:45】Oil prices and US dollar index continue to decline. Night futures close up 143 points, at 25,894. The China concept stock index rose 1%, closing at 7,215, with Baidu US stocks down 3%.

| ADR | HKD Equivalent | Change from Hong Kong Close | | Baidu US | 119.22 | -3.00% | | Meituan ADR | 77.68 | -0.79% | | Tencent ADR | 562.77 | +0.77% | | HSBC ADR | 125.77 | +1.18% | | Alibaba US | 133.81 | -0.14% |

More Hong Kong ADRs and Chinese concept stock quotes:

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【07:30】G7 major countries begin releasing oil reserves, providing short-term supply. However, Iran situation remains a concern. Trump stated he has postponed his summit with President Xi Jinping by about a month, as staying in Washington to command the Iran war is very important to him. The delay reflects Trump’s expectations for the Iran conflict’s duration. Dow Jones up 387 points, at 46,946. S&P 500 up 1%, at 6,699. Nasdaq up 1.2%, at 22,374.

See US stock market close for details:

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Hong Kong stocks yesterday’s market, details on: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures close up 143 points. Baidu US stocks down 3%.