【Hong Kong Stock Market】Hang Seng Index Gains Narrow to Within 100 Points, 26,000 Level Lost and Regained; Meituan Rebounds 2%; Yao Cai Securities Surges 50% Upon Resumption of Trading, Maoji Kwai Chung Retreats 20% (Continuously Updated)

【Hang Seng Index / Hang Seng / HSIC / Hang Seng Index / 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 HKD 685 before falling back 2%. CNOOC (00883) fell 3%, PetroChina (00857) down over 1%, Yau Ma Tei Securities (01428) surged nearly 66% after resuming trading.

US stocks updates ongoing, see next page for details

Financial Diary:

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Market Trends:

【14:08】【Private Credit】HKMA reportedly assessing private banking private credit risk scale; private bankers arrange activities and reassure investors

【13:45】Hang Seng Index’s gain further narrowed to about 100 points, at 25,935, falling below 26,000.

【13:42】【IPO】Bloomberg: China restricts red-chip companies from listing in Hong Kong; suggests dismantling red-chip structures

【13:28】Market gain narrows to about 170 points, struggling at the 26,000 level.

【13:11】Mao Ji Kwai Chung (01716) fell over 18%, low of HKD 3.15

【13:02】Hang Seng Index early afternoon up about 246 points, at 26,080, with HKD 142.9 billion in turnover. The Tech Index up 1.2% to 5,172.

【13:01】Hengan International (01044) post-earnings gain expanded, early afternoon up over 4%, high of HKD 28.92.

【12:55】【9988 Analysis】Alibaba’s “triple rise” ahead of Thursday earnings; analysis: “Aircraft carrier-style business” rebounded to half of January’s high, nearly 10% return

【12:49】【AI+9988】Alibaba up over 2%, launching the world’s first enterprise-level Agent platform “Wukong”

【12:38】【01810】Xiaomi stock up another 2%, new generation SU7 launched Thursday, first with Xiaomi Jiao Long chassis. Lei Jun personally explains why “Asian flying man” Su Bingtian is the spokesperson.

【12:26】【HK Stock Analysis】HK stocks rose over 400 points following external markets; Fuchang: Middle East instability may boost local investment market, “personal safety” becomes an advantage

【12:01】【Blue Chip Earnings】Hengan International’s full-year profit up 10% year-on-year, maintaining a final dividend of HKD 0.7

**【12:00】**Hang Seng Index half-day up 254 points, at 26,088, above 26,000, with HKD 140.18 billion in turnover. The Tech Index up 1.3% to 5,180. Meituan (03690) up 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 HKD 685 before falling back 2%. CNOOC (00883) down 3%, PetroChina (00857) down over 1%, Yau Ma Tei Securities (01428) surged nearly 66% after resuming trading.

【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% to HKD 28.26, PetroChina (00857) down over 1%.

【11:16】【1211 Analysis】BYD included in NVIDIA’s autonomous driving partnership; stock rebounded to red-chip level, attracting attention with overseas expansion

【11:03】【AI+9988】Baidu Xiaodu to launch “Home-use Little Lobster”: “Available anytime, for the whole family, in a closed loop”

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

【CK Hutchison port sale】CKH’s Panama port subsidiary: After weeks of improper takeover by the Panamanian government, ignoring rule of law and refusing to return investors’ assets.

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

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

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

【10:13】Mao Ji Kwai Chung (01716) retraced, down 10% to 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 totaling HKD 7.3 billion.

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

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

【10:00】Hong Kong stocks early session up over 300 points, back above 26,000, at 26,161, up 327 points, HKD 59.7 billion in turnover. The Tech Index up 1.7% to 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】Leap Motor (09863) post-earnings up over 4%, high of HKD 46.66.

【9863 Earnings】Leap Motor turned profitable last year, earning over RMB 500 million, 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 level, supported by softening USD and market assessment of emergency oil reserve releases

**【09:22】**Hang Seng opened 104 points higher at 25,938, challenging 26,000; turnover HKD 3.88 billion. The Tech Index up 0.5% to 5,137. Yau Ma Tei Securities (01428) resumed trading with a surge over 64%, Alibaba (09988) up 0.9%, CATL (03750) up over 1% to new highs, Baidu (09888) down over 2% in contrast.

【1428】NDRC “green light” for Ant Group to invest in Yau Ma Tei Securities; trading resumes March 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 expects chip revenue next year to reach $1 trillion or “still too conservative”｜NDRC approves Ant Group’s investment in Yau Ma Tei 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; Chinese 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 ample, but Iran crisis still troubles markets. Trump says he has proposed delaying his and President Xi Jinping’s summit by about a month, as staying in Washington to direct war on Iran 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 for details:

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【Financial Hot Talk】

Gold’s safe-haven role falters? War sparks rate hike concerns?