Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
[Hong Kong Stock Market] Hang Seng Index drops over 200 points; BYD opens 4% lower after earnings but briefly rebounds; Alibaba and Tencent fall 2%; Aluminum stocks outperform against the trend (updating continuously)
【Hang Seng Index/Hang Seng Index/HSI/Hang Seng Index/Hong Kong Stocks/Night Futures/ADR】Hong Kong stocks fell more than 200 points in the half-day session. The Hang Seng Index opened down 419 points at 24,532 points, at one point dropping as much as 542 points to a low of 24,409 points. The Hang Seng Index fell 232 points to 24,719 points, with a turnover of 154.83 billion HKD, while the Tech Index fell 1.7% to 4,696 points. Pop Mart (09992) rebounded by 2%, BYD (01211) rose slightly by 0.1%, ATM fell 1% to 2%, Chengdu Hi-Tech (06869) rose over 12%, and Aluminum stocks rose, with Chalco International (02068) up 18%.
US stock updates are ongoing; for details, please see: next page
Market movement:
【15:27】Hong Kong stocks fell about 280 points in the afternoon session, reporting 24,670 points, with a turnover of 248 billion HKD. The Tech Index fell 2.3% to 4,668 points.
【15:16】BYD (1211) saw its stock price open down over 4% but later recovered, reportedly confident in reaching an export target of 1.5 million vehicles this year, up from a previous target of 15%.
【14:43】MIRXES (02629) will announce its earnings the next day, with the stock price rising against the market trend by 40%, peaking at 17.95 HKD.
【14:30】【Iran Crisis】KGI Securities’ Tang Li-hong: The market is worried that the war will drag on, leading to continued stock sell-offs. The rising dollar affects the performance of the Hong Kong stock market.
【14:25】Sunny Optical (02382) will announce its results today, and its stock price fell over 1% ahead of earnings, hitting a low of 52.1 HKD.
【14:14】【China Regulation】State Administration for Market Regulation: Prevent and control “involutionary” competition in platform economy, photovoltaics, lithium batteries, and new energy vehicles.
【14:00】【Iran Crisis】Natixis’ Tam Wai-man: The global stock market has not yet seen a true liquidation wave; escalating tensions will make the market more volatile in the short term.
【13:54】Shenzhou International (02313) fell after results, dropping over 6% in the afternoon session, hitting a low of 48.62 HKD.
【13:42】The “three barrels of oil” had mixed performances, with PetroChina (00857) rising over 1% against the trend, while CNOOC (00883) and Sinopec (00386) fell over 1%.
【13:35】Dah Sing Financial (02356) rose over 4% after earnings, while Dah Sing Financial (00440) rose over 3%.
【13:00】Hong Kong stocks fell about 245 points in the early afternoon session, reporting 24,706 points, with a turnover of 156.8 billion HKD; the Tech Index fell 1.6% to 4,699 points.
【12:55】【Dah Sing Group Earnings】Dah Sing Bank’s net profit rose by 20% last year, with a dividend of 0.49 HKD; Dah Sing Financial earned nearly 23% more, with a final dividend of 1.42 HKD.
【12:23】【Blue Chip Earnings】Shenzhou International earned 6.7% less last year, with a final dividend of 1.2 HKD; the industry is in a “strong supply, weak demand” pattern, and Middle Eastern geopolitical conflicts have pushed up the cost of chemical fiber raw materials.
【12:00】The Hang Seng Index fell 232 points, reporting 24,719 points, with a turnover of 154.83 billion HKD; the Tech Index fell 1.7% to 4,696 points. Pop Mart (09992) rebounded by 2%, BYD (01211) rose slightly by 0.1%, ATM fell 1% to 2%, Chengdu Hi-Tech (06869) rose over 12%, and Aluminum stocks rose, with Chalco International (02068) up 18%.
【11:46】Pop Mart (09992) rebounded by 1%, peaking at 151.5 HKD.
【11:41】Chengdu Hi-Tech (06869) rose 11% against the market trend after earnings, peaking at 193.7 HKD. Chengdu Hi-Tech’s annual profit was approximately 810 million RMB, up 20.4%, with a final dividend of 0.295 RMB.
【11:10】The market’s decline further narrowed to within 300 points, reporting 24,656 points, down 295 points.
【10:49】Hong Kong stocks stabilized, currently down about 370 points, reporting 24,581 points, with a turnover of 116.3 billion HKD; the Tech Index fell 2.4% to 4,662 points.
【10:34】【9868】Xpeng Motors’ new MONA M03 model will be launched on Thursday; spokesperson Ouyang Nana introduced the new car.
【10:22】The market’s decline widened to 500 points, with Alibaba (00700) and Tencent (00700) both down over 3%.
【10:06】BYD (01211) opened lower but rose 0.8%, peaking at 107.8 HKD.
【10:05】The Hang Seng Index was down about 435 points, reporting 24,516 points, with a turnover of 76.4 billion HKD; the Tech Index fell 2.6% to 4,654 points.
【09:59】Two Middle Eastern aluminum producers were attacked by Iran over the weekend, causing aluminum prices to spike. China Hongqiao (01378) rose nearly 3%, Chalco (02600) rose over 5%, Rusal (00486) rose 3%, and Chalco International (02068) rose over 20%.
【09:53】HSBC (00005) fell over 2%, Standard Chartered (02888) fell 3%, and AIA (01299) fell over 1%.
【09:48】China Construction Bank (00939) remained stable against the trend, with early trading up 0.1%, peaking at 8.11 HKD.
【Domestic Bank Earnings】Several domestic banks reduced their final dividends, with the largest cut being 16%. A summary of the large domestic bank earnings for 2025 (continuously updated).
【09:48】Pop Mart (09992) fell over 4% again, hitting a low of 140.1 HKD.
【9992】Pop Mart’s Wang Ning: Connecting the IP industry chain with artists to build an IP cultural platform; confident that Labubu’s external IP will be popular among the public.
【9992】Pop Mart’s stock price fell for three consecutive days, down 31%, and has initiated a nearly 300 million HKD buyback but reduced the scale by half.
【09:40】Hantian Technology (02726), Jiyuan Vision (06636), Deshi (02526), and Huayan Robotics (01021) all listed on their first day; Hantian Technology opened at 110 HKD, 44.2% higher than the offer price of 76.26 HKD, earning 1,687 HKD per lot of 50 shares. Jiyuan Vision opened at 59.95 HKD, 49.9% higher than the offer price of 40 HKD, earning 997.5 HKD per lot of 50 shares. Deshi opened at 219 HKD, 1.2 times higher than the offer price of 99 HKD, earning 6,000 HKD per lot of 50 shares. Huayan Robotics opened at 16.8 HKD, 1.2% lower than the offer price of 17 HKD, losing 40 HKD per lot of 200 shares.
【IPO of new stocks】Overview of the performance of the four new stocks; Deshi (2526) rose 1.2 times, earning 6,000 HKD per lot; Jiyuan Vision (6636) rose 50%, Hantian Technology (2726) rose 40%, and Huayan Robotics (1021) opened down 1%.
【09:30】【Oil Price Trends】Schroders expects high oil prices to last longer, but the level of pain is only half of that during the peak of the 2007 crisis.
【09:22】The Hang Seng Index opened down 419 points, reporting 24,532 points, with a turnover of 4.21 billion HKD; the Tech Index fell 2.8% to 4,645 points. BYD (01211) fell over 4% after earnings, Alibaba (09988) fell over 3%, China Hongqiao (01378) rose over 6%, and Chalco (02600) rose 5%.
【1211 Earnings】BYD ADR fell 8% in Hong Kong, earning 19% less last year, with a final dividend of 0.358 RMB.
【08:56】The Hang Seng Index futures fell about 439 points, reporting 24,520 points.
【08:05】【Inner Property Stocks 1109 Earnings】China Resources Land’s net profit last year fell by 0.5% to 25.4 billion RMB, with a final dividend cut of 13.7% to 0.966 RMB.
【07:45】【Morning Highlights】Pakistan: Talks between the US and Iran in the coming days｜Pop Mart’s Wang Ning: Confident that Labubu’s external IP will be popular among the public.
【07:45】Oil prices continue to rise; night futures closed down 221 points, reporting 24,630 points, while the China concept stock index fell 1.9% to 6,593 points. After BYD’s earnings, ADR fell 9% in Hong Kong.
| ADR | Converted Hong Kong Dollars | Change from Hong Kong Closing Price | | BYD ADR | 96.96 | -8.96% | | Meituan ADR | 84.56 | -1.57% | | Tencent ADR | 486.59 | -1.38% | | HSBC ADR | 123.94 | -0.69% | | Alibaba US Stocks | 120.01 | -2.11% |
More Hong Kong stock ADR and China concept stock quotes:
【07:30】US President Trump stated that the bombing of Iranian power plants would be extended for another 10 days, which has not eased market concerns. Instead, there are worries that prolonged conflict will affect oil supply and exacerbate global economic impacts. US stocks fell last Friday, with the Dow closing at 45,166 points, down 793 points, the S&P 500 down 1.67%, and the Nasdaq down 2.15%.
To see US stock closing: