【Hong Kong Stock Market】 Hang Seng Index turns down in the afternoon and fails to stabilize above 26,000; NIO surges 16% after earnings; Cathay Pacific rises 4% after earnings; MINIMAX and Zhipu retreat (updating continuously)

SocialAnxietyStaker · 2026-03-11T07:11:55+00:00

【Hang Seng Index / Hang Seng Index / HS/HSI / Hang Seng Index / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks remain stable in the first half of the day, losing and regaining the 26,000 level. The Hang Seng Index opened 152 points higher at 26,112 points, then fluctuated throughout the morning. It rose as much as 189 points to a high of 26,149 points, but the gains narrowed later. The Hang Seng Index rose 21 points in the half-day session, closing at 25,981 points, with a turnover of HKD 147.49 billion. The Tech Index increased by 0.3% to 5,073 points. NIO (09866) performed well after earnings, with the stock rising 16%. CATL (03750) also gained over 8%. Tencent (00700) narrowed its gains to 0.5%. MINIMAX (00100) hit a new high of 1,320 HKD but then retraced, falling more than 1%. Zhipu (02513) declined 0.6%.Updates on U.S. stocks are ongoing, more details to follow.

SocialAnxietyStaker

2026-03-11 07:11:55

【Hang Seng Index / Hang Seng Index / HS/HSI / Hong Kong Stocks / Night Futures / ADR】 Hong Kong stocks remain stable in the first half of the day, but the 26,000 level was regained and lost again. The Hang Seng Index opened 152 points higher at 26,112 points, then fluctuated. During the morning session, it rose as much as 189 points to a high of 26,149 points, but the gains narrowed later. The Hang Seng Index rose 21 points in the first half, closing at 25,981 points, with a turnover of HKD 147.49 billion. The Tech Index increased 0.3% to 5,073 points. NIO (09866) performed well after earnings, rising 16%. CATL (03750) gained over 8%. Tencent (00700) narrowed its gain to 0.5%. MINIMAX (00100) hit a high of HKD 1,320 before retreating, down over 1%. Zhipu (02513) fell 0.6%.

US stocks are continuously updating; see the next page for details.

Financial Daily:

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Market Trends:

【13:15】9866 Analysis | NIO’s quarterly profit first in history, stock once rose nearly 20%, reaching a three-month high — Guotai: Expectation of vehicle delivery data to be “refreshing”!

【13:13】【IPO】Half a year after the implementation of the new withdrawal system — Tiger Securities: One-hand traders struggle, funds shift to the secondary market, 90% of users are leveraging to subscribe.

【13:08】Old gold shop Golden (06181) announced profit surprise, afternoon up 3%, reaching HKD 669.5.

【13:07】Cathay Pacific (00293) rose over 4% after earnings, reaching HKD 13.36.

【13:06】Hong Kong stocks turned lower in the afternoon, with the latest decline of about 18 points, at 25,941 points.

【13:02】【293】Cathay Pacific: Will distribute about 11 weeks’ eligible remuneration to the team in the form of discretionary bonuses and profit sharing from last year’s surplus.

【12:31】【6181 Profit Surprise】Golden (06181) expects last year’s net profit to be HKD 4.8-4.9 billion, an increase of about 2.3 times year-on-year.

【12:22】700 Analysis | Tencent benefits from OpenClaw concept stocks, rising two consecutive days — Analysis: Many tech companies are expected to join after Deepseek’s success, with valuation likely to be upwardly revised.

【12:15】【293 Earnings】Cathay Pacific’s profit increased 10% to HKD 10.8 billion last year; second interim dividend up 31% to HKD 0.64.

【12:11】【2888】Standard Chartered plans to expand its Singapore private banking team, hiring 50 more relationship managers to attract wealthy Chinese clients.

【12:02】Hang Seng Index up 21 points in the first half, at 25,981 points, with a turnover of HKD 147.49 billion. Tech Index up 0.3% to 5,073 points. NIO (09866) performed well after earnings, rising 16%. CATL (03750) up over 8%. Tencent (00700) narrowed gains to 0.5%. MINIMAX (00100) hit a high of HKD 1,320 before retreating, down over 1%. Zhipu (02513) fell 0.6%.

【12:02】【AI+700】Tencent builds “Lobster Attack Team” — Ma Huateng: “More products are coming soon.”

【11:32】【Major Bank Reports】HSBC: Northbound funds’ holdings act as stabilizers; prefer banking stocks over insurance stocks.

【11:27】【Hong Kong Stock Analysis】 Hang Seng Index opened 152 points higher but the gains narrowed. Guotai Securities: The sideways pattern remains; Tencent and Alibaba’s earnings are expected to boost sentiment, but may not give the market a clear direction.

【10:59】Geely (00175) rose nearly 9%, BYD (01211) up 2%, NIO (09866) up over 16%, XPeng Motors (09868) up nearly 7%, Li Auto (02015) up nearly 2%.

【10:48】Major bank reports at 1997 — CK Asset’s outlook for tenant sales this year is the most optimistic in years; JPMorgan and Citi both raised target prices.

【10:35】【AI+Huawei】He Gang “showed off” Huawei’s Lobster Mini Claw — after testing, he said “very surprised, quite useful.”

【10:02】NIO (03750) announced strong performance after earnings on Monday, with the stock rising over 6%, reaching HKD 585.

【10:01】Cathay Pacific (00293) rose over 2% before earnings, reaching HKD 13.13.

【09:50】Market’s initial gains narrowed to about 40 points after opening, with the 26,000 level still contested.

【09:22】Hang Seng Index opened 152 points higher at 26,112 points, back above 26,000. Turnover HKD 5.49 billion. Tech Index up 0.9% to 5,104 points. Tencent (00700) up over 4%. NIO (09866) surged 15% after earnings. MINIMAX (00100) and Zhipu (02513) retreated 3%.

【9866 Earnings】NIO’s Q4 last year first profit, earning over RMB 100 million; delivery guidance for this quarter at least 10,000 units, revenue more than doubled; chips successfully sampled, in talks with enterprises (second edition).

【09:09】Black period for the Hang Seng Index up about 55 points, at 26,001.

【08:31】【Iran Crisis】International Energy Agency reportedly proposes releasing over 180 million barrels of oil reserves — oil prices turned from rising to falling.

【08:09】【Rights Issue】Country Garden Hydrogen plans to issue rights at a 12% discount, raising about HKD 150 million.

【07:56】【AI+9888】Baidu launches “Lobster Market” following Tencent, offering “one-stop” service.

【07:45】【Morning Highlights】Oracle’s earnings beat expectations — NIO’s Q4 last year first profit, earning over RMB 100 million — HSBC cancels WFH arrangements for Hong Kong client-facing staff.

【07:45】Oil prices fell, night futures closed up 25 points, at 25,936 points. China concept stocks rose 2%, closing at 7,222 points. NIO performed well, ADR up 17% of Hong Kong stocks, AI Lobster concept stocks Tencent ADR up 4.5%.

ADR	HKD Equivalent	Change from HK Market Close
NIO US	44.60	+16.93%
Meituan ADR	78.55	-0.69%
Tencent ADR	578.66	+4.55%
HSBC ADR	134.32	-1.16%
Alibaba US	133.84	+0.25%

More Hong Kong ADRs and Chinese concept stocks quotes:

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【07:30】Market anticipates end of US-Iran war, Dow Jones initially up 479 points, then retraced 34 points to close at 47,706, S&P 500 down 0.21%, Nasdaq up slightly 0.01%, reflecting Chinese concept stocks’ performance, the Golden Dragon Index up 1.96%.

See US stocks closing:

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Hong Kong stocks yesterday’s market, details at: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Tencent ADR up 5% in HK, NIO US stocks up 17% in HK, night futures closed up 25 points.

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