【Hong Kong Stock Market Update】Hang Seng Index gains narrow to within 50 points, Tech Index turns negative; Meituan bounces back 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 / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks rose about 250 points in the half-day session, surpassing 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 resumption.

US stocks updates ongoing, details on the next page

Financial Daily:

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Market Trends:

【14:50】Major indices up about 25 points, Tech Index turns down 0.3%.

【14:39】HKEX (00388) turns down 0.4% in the afternoon, low of HKD 403.6.

【14:08】【Private Credit】HKMA reportedly assessing private banking private credit risk scale; private bankers arrange activities to soothe investor sentiment.

【13:45】Hang Seng Index’s gain narrows further 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 mark.

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

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

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

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

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

【12:38】【01810】Xiaomi shares up another 2%, new generation SU7 to be released Thursday, first equipped 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, maintains final dividend of HKD 0.7.

**【12:00】**Half-day rise of 254 points in Hang Seng Index, at 26,088, above 26,000, with HKD 140.18 billion in turnover. 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 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%.

【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) down 4% amid market, low of HKD 28.26; PetroChina (00857) down over 1%.

【11:16】【1211 Analysis】BYD included in NVIDIA’s autonomous driving partnership; stock rebounds after turning red; Fuchang: fierce domestic competition, overseas expansion attractive.

【11:03】【AI+9888】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 sells ports】CKH’s Panama port subsidiary: Panama government’s improper takeover continues for weeks, ignoring rule of law and refusing to return investors’ assets.

【10:44】【NVDA】NVIDIA partners with BYD, Geely, etc., 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) drops over 7%, low of HKD 142.2.

【10:13】Mao Ji Kwai Chung (01716) retraces, 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 seeks refinancing for HKD 7.3 billion maturing in June.

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

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

【10:00】Hong Kong stocks early session up over 300 points, above 26,000, at 26,161, up 327; HKD 59.7 billion in turnover; 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) up over 4% after earnings, 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%, Silver Price down 1%.

【Gold Price Trend】Gold stabilizes near $5,000, USD weakens, market assesses emergency oil reserve releases.

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

【1428】NDRC approves Ant Group’s investment in Yau Ma Tei Securities, resumption 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 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; China concept stocks’ gains narrow to 1%, at 7,215; Baidu US stocks down 3%.

| ADR | HKD Equivalent | Change from HK Market Price | | 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】As G7 major countries begin releasing oil reserves, short-term supply is sufficient, 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 command war against 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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【Additional market images and data omitted for brevity】