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【Hong Kong Stock Market】Hang Seng Index fell nearly 250 points at one point; HSBC dropped over 3%, Standard Chartered fell 4%; Cathay Pacific dropped 2%, Swire Pacific rose 0.5% (continuously updated)
【Hang Seng Index / Hang Seng Index / HS/HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened over 100 points lower. The Iran conflict continues, oil prices up 10%, Hang Seng Index opened down 133 points, at 25,583 points, with a turnover of HKD 4.33 billion. Tech index fell 0.4%, at 5,006 points. Cathay Pacific (00293) fell 3%, Swire A (00019) rose 4%, PetroChina (00857) and CNOOC (00883) each gained over 1%.
US market updates ongoing, details on the next page
Financial Diary:
▲ Financial Diary
Market Trends:
【11:09】【Hong Kong Stock Analysis】Hang Seng once fell over 200 points; Cathay Pacific down 4%. Analysis: Swire’s selling may not fully reflect a pessimistic outlook for Cathay Pacific.
【11:03】HSBC (00005) stock fell over 3%, to a low of HKD 124; Standard Chartered (02888) down 4%, to HKD 166.3. Morgan Stanley and Cliffwater restricted redemptions of their private funds, triggering a sharp decline in US bank stocks. Morgan Stanley down 4.1%, Goldman Sachs down 4.4%, Citibank and Goldman Sachs both fell over 3%.
【10:58】Dipu Technology (01384) stock continued to decline, dropping over 23% this morning, to HKD 53, from a high of HKD 120 earlier this month.
【10:58】【New IPO】Hantian Tiancheng approved for listing on HKEX, developing silicon carbide epitaxial chips; Huawei, China Resources, and ICBC involved in investment.
【10:41】Yau Tai (01428) rose nearly 30%, reaching HKD 9.07, with a turnover of HKD 930 million.
【10:38】【1810 Major Bank Report】CCB International cuts Xiaomi’s target price by 26% to HKD 37, rating downgraded to Neutral.
【10:20】【1810】Lei Jun: Next-generation Xiaomi SU7 development progressing smoothly, to be officially released this month. Fully focused on production preparations.
【10:12】Tencent (00700) and Alibaba (09988) both rose over 1%, narrowing Hong Kong stocks’ decline to about 50 points.
【09:59】Yau Tai (01428) rose over 14% against the trend, reaching HKD 8.08 early, with a turnover of HKD 240 million.
【09:53】Market opened over 200 points lower, at 25,481, down 235 points.
【09:38】Mao Ji Kwai Chung (01716) resumed trading, surged nearly 30%, hitting a high of HKD 1.59, with a turnover of HKD 18.71 million.
【100 Mao】Mao Ji Kwai Chung officially sold 176 million shares to Ma Liyang and realized HKD 120 million; Oriental Sheng did not sell a share. Mao Ji Kwai Chung to resume trading tomorrow.
【09:30】【AI+9618】JD Cloud launches OpenClaw installation event, giving away real lobsters on-site.
【09:26】COSCO Shipping (00316) fell over 3%, with a 41% decrease in profit last year, final dividend cut by 68% to HKD 0.42 per share, compared to HKD 1.32 last year.
【Shipping Stocks】COSCO Shipping International’s profit down 41% last year; final dividend HKD 0.42 per share; Middle East tensions add uncertainty.
【09:26】Li Auto (02015) fell over 1% after earnings release.
【2015 Earnings】Li Auto’s quarterly adjusted profit down 93%; expects first-quarter revenue to decrease up to 21%. Li Xiang: Launching new Li Auto L9 series in Q2, accelerating overseas expansion (Second Edition).
【09:22】Hang Seng Index opened 133 points lower, at 25,583, with a turnover of HKD 4.33 billion. Tech index down 0.4%, at 5,006. points. Cathay Pacific (00293) down 3%, Swire A (00019) up 4%, PetroChina (00857) and CNOOC (00883) each gained over 1%.
【09:09】Hang Seng futures down about 231 points, at 25,479.
【08:57】【Gold Price Trend】Gold rebounded to $5,100, but expected to record a second consecutive week of decline.
【08:35】【New IPO】Guomin Technology (2701) raising up to HKD 1 billion, a platform-based IC design company; entry fee HKD 2,182. How much water is in A-shares?
【08:09】【New IPO】Feisu Chuangxin (3355) raising up to HKD 1.66 billion, online DTC network solutions provider; one-lot entry fee HKD 4,202.
【07:45】【293】Swire offers nearly 10% discount on part of Cathay Pacific shares, maintaining confidence and firm commitment.
【07:45】【Morning Focus】ICAC and SFC raid 14 locations, arrest 6 men and 2 women; funds used insider info to profit HKD 315 million. Iran: Khamenei’s wife not dead, plans to attack US companies and oil facilities in the Middle East.
【07:45】Iran conflict persists, oil prices up 10%, night futures close down 233 points, at 25,467. The China concept stock index down 1%, at 7,094. Meituan ADR down 1.4% against Hong Kong.
| ADR | HKD Equivalent | Change from HK Market Close | | Meituan ADR | 75.61 | -1.43% | | Tencent ADR | 541.38 | -0.94% | | HSBC ADR | 128.61 | -0.23% | | Alibaba US Stock | 131.29 | -0.23% |
More Hong Kong ADRs and Chinese concept stock quotes:
▼ Click image to enlarge
【07:30】Iran’s Supreme Leader Khamenei’s son Mujehtaba issues first statement, claiming revenge, opening new war fronts, closing the Strait of Hormuz, pressuring enemies, and warning all US military bases in the Middle East to close immediately or face attack. Dow drops up to 755 points, low at 46,662, closing down 739 points at 46,677. S&P 500 down 1.52%, Nasdaq down 1.78%.
See US market close:
▼ Click image to enlarge
Hong Kong stocks yesterday’s market, details on: 【Hong Kong Night Futures + ADR + Northbound Funds】 Night futures close down 233 points; Meituan ADR down 1% against HK.