【Hong Kong Stock Close】Hang Seng Index Rebounds 272 Points, Pop Mart Plunges 22% After Results, Anticipation of Food Delivery War Ending Lifts Meituan Nearly 14% (Continuously Updated)

【Hang Seng Index / Hang Seng / HSIC / Hang Seng / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks fluctuate and rise over 200 points. Signs of easing in Middle East conflicts, Hang Seng Index opens higher by 216 points, opening at 25,280 points. After opening, it once rose by 326 points, reaching a high of 25,390 points, then turned down in the afternoon. The Hang Seng Index rose by 272 points, closing at 25,335 points, with a turnover of 350.93 billion HKD. Tech index up 1.9%, at 4,922 points. Pop Mart (09992) plunged 22% after earnings, Meituan (03690) rose nearly 14%, Alibaba (09988) up over 4%.

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Financial Daily:

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Market Trends:

【16:12】Hang Seng Index up 272 points, closing at 25,335 points, with a turnover of 350.93 billion HKD. Tech index up 1.9%, at 4,922 points. Pop Mart (09992) plunged 22% after earnings, Meituan (03690) rose nearly 14%, Alibaba (09988) up over 4%.

【16:00】Hang Seng futures rose 219 points, at 25,283 points, with a turnover of 339.32 billion HKD.

【15:13】Hong Kong stocks rose about 150 points in late trading, at 25,214 points. Meituan (03690) increased over 12%, reaching a high of 89 HKD.

【14:56】【1833 Earnings】Ping An Good Doctor: AI contributes 4.5% to gross profit; “AI+” becomes core growth driver; expects increased investment this year.

【14:26】【09992 Earnings】Pop Mart: expects growth rate not less than 20% this year; plans to launch LABUBU 4.0 series in the second half (updating continuously).

【14:10】Pop Mart (09992) fell by 20%, low at 172.6 HKD.

【13:57】Market rose by about 300 points in the afternoon, latest gain narrowed to about 130 points.

【13:57】【Food Delivery War】Meituan’s stock surged 10% in the afternoon, JD.com and Alibaba up 5%, Market Supervision Bureau reposted article: The food delivery war should end.

【13:39】Meituan (03690), which will announce earnings tomorrow, rose by 10%, reaching 87.5 HKD. Alibaba (09988) up over 5%, Tencent (00700) slightly weaker, down 0.5%.

【13:34】Meituan (03690) surged 7%, high at 85.85 HKD.

【13:33】Hong Kong stocks turned up over 100 points, latest at 25,226 points, up 162 points, with a turnover of 1.837 billion HKD. Tech index up 1.1%, at 4,885 points.

【13:27】【HK Stock Analysis】 Hang Seng once surged over 300 points, briefly crossing the bull-bear line. Analysis: If a ceasefire agreement is reached, Hong Kong stocks could rise to 26,300 points.

【13:24】【9633 Analysis】 Nongfu Spring: earnings up 10% after results, revenue beats expectations. Analysis: performance “impeccable.”

【13:11】【371 Earnings】Beijing Enterprises Water: net profit down 6.9% last year, final dividend up over 1% to 9.25 HK cents.

【13:06】Hong Kong stocks turned down about 20 points in the afternoon, at 25,041 points, still above 25,000.

【13:06】Pop Mart (09992) fell over 14% after earnings, low at 185 HKD.

【12:47】【09992 Earnings】Pop Mart last year net profit 12.78 billion RMB, nearly 3.1 times increase; 17 IPs revenue over 100 million; THE MONSTERS revenue 14.16 billion, Star People grew 16 times.

【12:37】【6181 Major Bank Report】Old shop gold is favored by two foreign institutions, but Nomura lowered target price by 5%, possibly due to gold price issues?

【12:30】【Sports Goods 2020 Earnings】Anta Sports: net profit down 12.9% to 13.59 billion RMB, first time revenue exceeds 80 billion, final dividend 1.08 HKD.

【12:00】 Hang Seng half-day slightly up 9 points, at 25,072 points, with a turnover of 151.29 billion HKD. Tech index underperformed, down 0.5%, at 4,807 points. Zijin (02899) up over 1%, CNOOC (00883) down over 3%, Xiaomi (01810) down nearly 3% after earnings, Nongfu Spring (09633) up over 8% after earnings.

【11:53】Zejing Holdings (02632), which dipped yesterday, rebounded 60% on debut, high at 45.6 HKD.

【11:46】Hong Kong stocks’ midday gains narrowed to about 30 points.

【11:44】【1810 Analysis】Xiaomi down over 3%, smartphone gross margin fell to 8.3%, capital expenditure doubled. He Qicong: low gross margin + cost pressure.

【11:32】【09992】Pop Mart pre-earnings rose 3%, plans to launch World Cup series toys with FIFA, Labubu holding the World Cup trophy.

【11:09】【3320 Earnings】China Resources Medical: surged 10% after earnings, profit up 20% last year, interim dividend up 1.3 times to 0.122 RMB.

【11:03】Tencent (00700) down over 1%, Alibaba (09988) up nearly 1%, Meituan (03690) up over 1%.

【10:59】Wuxi Biologics (02269) down 3% against the trend.

【Wuxi Biologics 2269 Earnings】Net profit last year increased 46% year-on-year, gross margin up to 46%.

【10:51】Market gain further narrowed to about 150 points, at 25,200 points.

【10:48】【China-US Relations】China Investment Corporation reportedly considering reallocating assets to US asset managers.

【10:26】【CKH sells ports】CKH’s Panama port claim rises to over 2 billion USD, accusing the Panamanian government of attempting to delay international arbitration.

【10:19】CKH (00001) up 2%, its Panama port company reports expanding arbitration claims, claiming that one month after the Panamanian government “illegally took over” port and assets, losses have risen to over 2 billion USD.

【10:16】Hang Seng initially rose up to 326 points, reaching 25,390 points, but the gain eased to about 207 points, at 25,271 points, with a turnover of 90.5 billion HKD. Tech index up 1.4%, at 4,900 points.

【09:43】SenseTime (00020) narrowed net loss, up over 5%, high at 2.02 HKD.

【SenseTime earnings】Last year net loss narrowed 59% to 1.77 billion RMB, first EBITDA in the second half.

【09:43】WH Group (00288) up over 4%, high at 10.05 HKD.

Pork stocks earnings｜WH Group: China meat sales expected to turn positive this year; Middle East war impact limited; full-year pre-fair value profit up 8.2%, final dividend 0.41 HKD.

【09:43】Zijin (02899) up over 4%, Zijin Gold International (02259) up over 7%, Shandong Gold (01787) up 5%, Lingbao Gold (03330) up 8%.

【Gold Price Trend】Gold ends nine consecutive declines! Spot gold back above $4,500, with Hong Kong gold price rising 1,800 HKD per tael in a day.

【09:22】 Hang Seng opens higher by 216 points, at 25,280 points, with a turnover of 4.92 billion HKD. Xiaomi (01810) down 2% after earnings, Alibaba (09988) up over 1%, Zijin (02899) up nearly 4%, CNOOC (00883) down 3%.

【09:08】Hang Seng futures up about 91 points, at 25,138.

【07:45】【Morning Brief】Trump: Rubio and Vance involved in Iran negotiations｜Xiaomi Q4 adjusted profit 6.35 billion, beating expectations.

【07:45】Signs of easing in Middle East conflict, oil prices expected to fall. Night futures up 11 points, closing at 24,972. China concept stocks down 0.4%, closing at 6,771.

| ADR | HKD equivalent | Change from HK market close | | Meituan ADR | 78.12 | -1.11% | | Tencent ADR | 509.51 | -0.87% | | HSBC ADR | 124.10 | +0.41% | | Alibaba US stocks | 122.78 | -0.34% | | Baidu US stocks | 110.10 | -2.22% |

More Hong Kong ADRs and Chinese concept stocks quotes:

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【07:30】Multiple US media report that the US is engaging with Iran on a ceasefire plan. Iranian officials deny Trump’s claims of behind-the-scenes negotiations but confirm the US has sent messages and proposals. US stocks are weak, Dow once fell 438 points to 45,769, closing down 84 points at 46,124. S&P 500 down 0.4%, at 6,556; Nasdaq down 0.8%, at 21,761.

See US market close:

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Hong Kong stocks yesterday, details see: 【Hong Kong Night Futures + ADR + Northbound Funds】 Night futures close up 11 points, Baidu US stocks lag 2%.