【Hong Kong Stock Close】Hang Seng Index Up 34 Points, 26,000 Level Lost Again; Meituan Rebounds 2%; Yao Cai Securities Resumes Trading and Surges Over 46%, Maoji Kwai Chung Retreats Two Percent (Continuously Updated)

【Hang Seng Index / Hang Seng / HS / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks remain stable but have not yet stabilized above 26,000. The Hang Seng Index opened 104 points higher at 25,938, reaching a high of 26,250 in early trading, up to 416 points. The gains gradually narrowed, ending up 34 points at 25,868, with a turnover of HKD 268.26 billion. The Tech Index fell nearly 0.1% to 5,107 points. Yau Tai Securities (01428) resumed trading with a gain of over 46%. Meituan (03690) rose 2%, Tencent (00700) fell more than 1%, Geely (00175) increased over 4%, and Xunlei (03317) surged over 30%.

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Financial Daily:

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Market Trends:

【16:10】Hang Seng Index up 34 points, closing at 25,868, with a turnover of HKD 268.26 billion. Tech Index down nearly 0.1%, at 5,107. Yau Tai Securities (01428) resumed trading with a gain of over 46%. Meituan (03690) up 2%, Tencent (00700) down over 1%, Geely (00175) up over 4%, Xunlei (03317) surged over 30%.

【16:00】Hang Seng Futures up 61 points, at 25,895, with a turnover of HKD 25.907 billion.

【15:45】Sinopec Refining & Chemical (02386) down over 3%, hitting a low of HKD 6.26.

【2386】Sinopec Refining & Chemical’s special dividend announced after two-year contracts exceeding HKD 100 billion; Middle Eastern projects temporarily suspended, unlikely to significantly impact earnings.

【15:38】Hong Kong stocks continued to rise about 25 points in late trading.

【15:14】Longfor Fiber Optic Cable (06869) fell over 12%, low of HKD 140.

【15:12】Tencent (00700) to announce earnings tomorrow, down over 1%. Alibaba (09988) up 0.7%, Meituan (03690) up 2%, Xiaomi (01810) up 0.2%.

【14:50】Market latest up about 25 points, Tech Index down 0.3%.

【14:39】HKEX (00388) turned down 0.4% in the afternoon, low of HKD 403.6.

【14:08】【Private Credit】HKMA reportedly assessing private banking risks, private bankers arranging activities to soothe investor sentiment.

【13:45】Hang Seng Index’s gain further narrowed to about 100 points, at 25,935, falling below 26,000.

【13:42】【IPO】Bloomberg: China restricts Red Chip companies from listing in Hong Kong; suggests dismantling Red Chip structures.

【13:28】Market’s gain narrowed to about 170 points, struggling around 26,000.

【13:11】Mao Ji Kui Chung (01716) fell over 18%, low of HKD 3.15.

【13:02】Hang Seng Index early afternoon up about 246 points, at 26,080, with HKD 142.9 billion in turnover. Tech Index up 1.2%, at 5,172.

【13:01】Hengan International (01044) post-earnings gain expanded, early afternoon up over 4%, high of HKD 28.92.

【12:55】【9988 Analysis】Alibaba’s “three consecutive rises” ahead of Thursday earnings; analysis: “Aircraft carrier-style business” rebounded to half of January’s high, nearly 10% return.

【12:49】【AI+9988】Alibaba up over 2%, launching the world’s first enterprise-level Agent platform “Wukong”.

【12:38】【1810】Xiaomi’s stock rose another 2%, new SU7 launched Thursday, featuring Xiaomi Jiao Long chassis. Lei Jun personally explains why “Asian flying man” Su Bingtian is the ambassador.

【12:26】【HK Stock Analysis】HK stocks rose over 400 points with external markets; Fuchang: Middle East instability may boost local investment market, “personal safety” becomes an advantage.

【12:01】【Blue Chip Earnings 1044】Hengan International’s full-year profit up 10% year-on-year, maintaining a final dividend of HKD 0.7.

【12:00】Hang Seng half-day up 254 points, at 26,088, back above 26,000. Turnover HKD 140.18 billion. Tech Index up 1.3%, at 5,180. Meituan (03690) up nearly 4%, Alibaba (09988), Xiaomi (01810) up over 2%, Geely (00175) up over 5%, Pop Mart (09992) up over 4%, CATL (03750) hit a high of HKD 685 then retraced, down 2%. CNOOC (00883) down 3%, PetroChina (00857) down over 1%, Yau Tai Securities (01428) resumed trading with a nearly 66% increase.

【11:31】【Iran Situation】John Lee: Government monitors price changes, ensures stable energy supply; collusion in pricing will be handled according to law.

【11:23】CNOOC (00883) down 4%, low of HKD 28.26; PetroChina (00857) down over 1%.

【11:16】【1211 Analysis】BYD included in NVIDIA’s autonomous driving partnership; stock rebounded to red-chip level. Fuchang: fierce domestic competition and overseas expansion attract attention.

【11:03】【AI+9988】Baidu Xiaodu to launch “Home-use Little Lobster”: “Available anytime, for the whole family, in a closed loop.”

【10:57】CK Hutchison (00001) up over 1%, high of HKD 60.1.

【CK Hutchison port sale】CKH’s Panama port company: after weeks of improper takeover by the Panama government, ignoring rule of law and refusing to return investors’ assets.

【10:44】【NVIDIA】NVIDIA collaborates with BYD, Geely, and other automakers to develop L4 autonomous vehicles.

【10:32】Hang Seng once rose 416 points, high of 26,250; latest up about 321 points, at 26,155. Meituan (03690) up over 4%, Yau Tai Securities (01428) up 71%.

【10:32】Longfor Fiber Optic Cable (06869) fell over 7%, low of HKD 142.2.

【10:13】Mao Ji Kui Chung (01716) retraced, down 10%, low of HKD 3.2.

【10:11】New World (00017) up 0.3%, high of HKD 9.53.

【Family of Zheng Jiachun】Chow Tai Fook Enterprises reportedly seeking refinancing for HKD 730 million maturing in June.

【10:06】Market gain expanded to 400 points, back to around 26,200.

【10:04】Chow Sang Sang (00116) profit alert, stock up over 8%, high of HKD 14.54.

【09:43】Profit alert for Chow Sang Sang: last year’s recurring business profit HKD 1.6-1.7 billion, up 107-120% year-on-year.

【09:43】AI Agent: Alibaba establishes Alibaba Token Hub business group.

【09:43】Leap Motor (09863) up over 4% after earnings, high of HKD 46.66.

【9863 Earnings】Leap Motor turned profitable last year, earning over RMB 500 million, exploring diversified cooperation with Stellantis.

【09:43】Zijin (02899) up 0.4%, Zijin Gold International (02259) up 0.5%, Zhaojin (01818) up 0.5%, Shandong Gold (01787) up 0.4%, Lingbao Gold (03330) up 0.4%, Shandong Gold (01787) down 1%.

【Gold Price Trend】Gold remains near $5,000, supported by a softening dollar and market assessment of emergency oil reserve releases.

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

【1428】NDRC “green light” for Ant Group to buy into Yau Tai Securities; trading resumes on 3/17.

【09:04】Hang Seng futures up about 52 points, at 25,852.

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

【07:45】【Morning Brief】Huang Renxun expects chip revenue next year to reach $1 trillion or “still too conservative”; NDRC approves Ant Group’s investment in Yau Tai Securities; Google to expand Gemini to all Hong Kong users.

【07:45】Oil prices and USD index continue to decline; night futures close up 143 points, at 25,894; Chinese concept stocks’ gains narrow to 1%, at 7,215; Baidu ADRs in US down 3%.

| ADR | HKD Equivalent | Change from HK Market 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 stocks quotes:

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【07:30】As G7 major countries begin releasing oil reserves, short-term supply is ample, but Iran crisis still troubles markets. Trump says he has postponed his summit with President Xi Jinping by about a month, citing the importance of directing the Iran war from Washington. The delay reflects Trump’s expectations on the duration of the Iran conflict. Dow rises 387 points, closing at 46,946; S&P 500 up 1%, at 6,699; Nasdaq up 1.2%, at 22,374.

See US stock market close:

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