【Hong Kong Stock Market Update】Hang Seng Index up 254 points at midday, reclaims 26,000 level; Meituan rebounds over 4%, Alibaba and Xiaomi up 2%; Yao Cai Securities soars 60% on resumption of trading (continuously updated)

【Hang Seng Index / Hang Seng Index / HS/HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks rose about 250 points in the half-day session, back above 26,000. The Hang Seng Index opened 104 points higher at 25,938, reaching a high of 26,250 earlier, then retreated. The index gained 254 points in the half-day, closing at 26,088, above 26,000, with a turnover of HKD 140.18 billion. The Tech Index rose 1.3% to 5,180 points. Meituan (03690) rose nearly 4%, Alibaba (09988), Xiaomi (01810) up over 2%, Geely (00175) up over 5%, Pop Mart (09992) up over 4%, CATL (03750) hit a new high of 685 HKD before falling back 2%. CNOOC (00883) fell 3%, PetroChina (00857) down over 1%. Yau Tai Securities (01428) resumed trading and surged nearly 66%.

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Financial Daily:

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Market Trends:

【12:00】 Hang Seng Index gained 254 points in the half-day session, at 26,088, above 26,000. Turnover HKD 140.18 billion. Tech Index up 1.3%, at 5,180. Meituan (03690) rose 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 685 HKD before retreating 2%. CNOOC (00883) down 3%, PetroChina (00857) down over 1%. Yau Tai Securities (01428) resumed trading and surged nearly 66%.

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

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

【11:16】【1211 Analysis】BYD included in NVIDIA’s autonomous driving partnership; stock rebounded after returning to the red. Fu Chang: domestic competition remains fierce, overseas expansion concept attracts interest.

【11:03】【AI+9888】Baidu Xiaodu to release “Home-use Little Lobster” — “Available anytime, for the whole family, in a closed loop.”

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

【CK Hutchison sells ports】CKH’s Panama port subsidiary: After weeks of improper takeover by the Panamanian government, they continue to ignore the rule of law and refuse to return investors’ assets.

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

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

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

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

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

【Chow Tai Fook Family】Chow Tai Fook Enterprises reportedly seeking refinancing for June maturing loans involving HKD 7.3 billion.

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

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

【10:00】Hong Kong stocks early session up over 300 points, back above 26,000. Hang Seng at 26,161, up 327; turnover HKD 59.7 billion. Tech Index up 1.7%, at 5,199. Alibaba (09988), Xiaomi (01810) up nearly 3%, Meituan (03690) up over 3%.

【AI Agent】Alibaba establishes Alibaba Token Hub business group.

【09:43】Leapmotor (09863) rose over 4% after earnings, high of HKD 46.66.

【09863 Earnings】Leapmotor turned profitable last year, earning over 500 million RMB, exploring diversified cooperation with Stellantis in vehicles and parts.

【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%, others down 1%.

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

【09:22】Hang Seng Index 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 and surged 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 approved Ant Group’s investment in Yau Tai Securities, resuming trading on 3/17.

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

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

【07:45】【Morning Brief】Huang Renxun predicts next year’s chip revenue may reach 1 trillion USD 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; China concept stocks’ gains narrow to 1%, at 7,215; Baidu US stocks 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】G7 major countries begin releasing oil reserves, short-term supply is sufficient, but Iran situation remains a concern. Trump says he has proposed delaying 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 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’s market, details see: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures close up 143 points; Baidu US stocks down 3%.**