【Hong Kong Stock Close】Hang Seng Index Up 34 Points, 26,000 Level Lost Again; Meituan Rebounds 2%; Yao Cai Securities Resumes Trading and Surges Over 46%, Maoji Kwai Chung Retreats Two Percent (Continuously Updated)

【Hang Seng Index / Hang Seng / HS / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks remain stable but have not yet stabilized above 26,000. The Hang Seng Index opened 104 points higher at 25,938, reaching a high of 26,250 in early trading, up to 416 points. The gains gradually narrowed, ending up 34 points at 25,868, with a turnover of HKD 268.26 billion. The Tech Index fell nearly 0.1% to 5,107 points. Yau Tai Securities (01428) resumed trading with a gain of over 46%. Meituan (03690) rose 2%, Tencent (00700) fell more than 1%, Geely (00175) increased over 4%, and Xunlei (03317) surged over 30%.

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Financial Daily:

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Market Trends:

【16:10】Hang Seng Index up 34 points, closing at 25,868, with a turnover of HKD 268.26 billion. The Tech Index fell nearly 0.1% to 5,107. Yau Tai Securities (01428) resumed trading with a gain of over 46%. Meituan (03690) up 2%, Tencent (00700) down over 1%, Geely (00175) up over 4%, Xunlei (03317) surged over 30%.

【16:00】Hang Seng Futures up 61 points at 25,895, with a turnover of HKD 25.907 billion.

【15:45】Sinopec (02386) fell over 3%, hitting a low of HKD 6.26.

【15:38】Hong Kong stocks continued to rise about 25 points in the late session.

【15:14】Longfor Properties (06869) dropped over 12%, hitting HKD 140.

【15:12】Tencent (00700) to announce earnings tomorrow, down over 1%. Alibaba (09988) up 0.7%, Meituan (03690) up 2%, Xiaomi (01810) up 0.2%.

【14:50】Market latest up about 25 points, Tech Index down 0.3%.

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

【14:08】【Private Credit】HKMA reportedly assessing private banking risks, private bankers arranging activities to soothe investor sentiment.

【13:45】Hang Seng Index’s gains 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’s gains narrowed to about 170 points, struggling around 26,000.

【13:11】Ming Kee Kiu 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. Tech Index up 1.2% at 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 “three consecutive rises” ahead of Thursday’s 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】【1810】Xiaomi’s stock rose another 2%. New generation SU7 to be released Thursday, featuring Xiaomi Jiao Long chassis. Lei Jun personally explains why “Asian flying man” Su Bingtian is the ambassador.

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

【12:01】【Blue Chip Earnings 1044】Hengan International’s full-year profit up 10% year-on-year, maintaining a final dividend of HKD 0.7.

【12:00】Hang Seng half-day up 254 points, at 26,088, back above 26,000. Turnover HKD 140.18 billion. Tech Index up 1.3% at 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) peaked at HKD 685 then fell back 2%. CNOOC (00883) down 3%, PetroChina (00857) down over 1%, Yau Tai Securities (01428) resumed trading with a nearly 66% increase.

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

【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. Fuchang: fierce domestic competition and overseas expansion appeal.

【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 port sale】CKH’s Panama port company: After weeks of illegal takeover by the Panama government, ignoring rule of law and refusing to return investors’ assets.

【10:44】【NVIDIA】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 Tai Securities (01428) up 71%.

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

【10:13】Ming Kee Kiu Chung (01716) retraced, down 10%, low of HKD 3.2.

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

【Family of Zheng Jiashun】Chow Tai Fook Enterprises reportedly seeking refinancing for HKD 730 million maturing in June.

【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.

【09:43】Profit alert for Chow Sang Sang: last year’s profit from core operations was HKD 1.6-1.7 billion, up 107%-120% year-on-year.

【09:43】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.

【09:22】Hang Seng 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 with a gain of 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 “green light” for Ant Group to invest in Yau Tai Securities; trading resumes 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】Jensen Huang expects chip revenue next year to reach $1 trillion 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 ADR down 3% in US stocks.

| 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】As G7 major countries start releasing oil reserves, short-term supply is sufficient, but Iran crisis still troubles markets. Trump says he has postponed 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 Jones up 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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【Market Summary】
Hong Kong stocks yesterday, details at: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures close up 143 points; Baidu US stocks down in HK by 3%.