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【Hong Kong Stock Market Closing】Hang Seng Index "Black Friday" Falls 251 Points, HSBC and Standard Chartered Both Drop 5%, Bright Smart and Mao Ji Kwai Chung Surge Over 30% (Continuously Updated)
【Hang Seng Index / Hang Seng / HSIC / Hang Seng / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks fell about 250 points. The Iran conflict continues, oil prices rose by 10%, the Hang Seng Index opened down 133 points at 25,583, then fluctuated downward, with a maximum decline of 296 points at the close, reaching 25,419. The Hang Seng Index dropped 251 points to close at 25,465, with a turnover of HKD 246.54 billion. The Tech Index fell nearly 1%, closing at 4,978 points. HSBC (00005), Standard Chartered (02888) fell 5%, AIA (01299) dropped 3%. Cathay Pacific (00293) fell 5%, Swire Pacific (00019) rose 3%. Yuecai (01428) and McKiu Chuen (01716) each rose over 30%.
US stock updates ongoing, see details on the next page
Financial Daily:
Market Movement:
【16:10】 Hang Seng Index down 251 points, closing at 25,465, with a turnover of HKD 246.54 billion. The Tech Index fell nearly 1%, closing at 4,978. HSBC (00005) and Standard Chartered (02888) both fell over 4%. AIA (01299) declined 3%. Cathay Pacific (00293) fell 5%, Swire Pacific (00019) rose 3%. Yuecai (01428) and McKiu Chuen (01716) each surged over 30%.
【16:00】 Hang Seng futures down 234 points at 25,482, with a turnover of HKD 235.94 billion.
【15:42】【IPO】Biotech startup Earendil Labs reportedly plans to list in Hong Kong, raising up to HKD 3.9 billion.
【15:28】【AI + Anti-fraud】HKMA launches AI anti-fraud MV “Decisive Battle of Naja Chao” — Ruanguo Heng confronts scammer “Naja Chao”.
【15:05】【CK Hutchison】Cheung Kong seeks HKD 10.4 billion bridge loan, plans to acquire Macquarie UK smart meter assets.
【14:52】MINIMAX (00100) continued to retreat 7%, briefly below HKD 1,000, low at HKD 993. Zhipu (02513) retreated over 4%, Suxi (03317) dropped 15%.
【14:47】Hong Kong stocks extended decline to 255 points, at 25,460, with HKD 178.7 billion in turnover. The Tech Index fell 0.9% to 4,984. HSBC (00005) and Standard Chartered (02888) both fell over 4%.
【14:44】【AI + Brokerage】Futu Securities’ Xie Zhijian: NiuNiu AI upgraded from “problem solver” to intelligent engine, aims to launch AI self-compiled index in Q2, and previewed upcoming parent-child securities account services.
【14:16】Legendary Superstar (06683) rose over 20% against the trend, reaching HKD 8.73.
【14:16】【AI + OpenClaw】HK Broadband launches AI Lobster Farming OpenClaw application — HKD 788 including installation.
【13:56】Hang Seng Index down about 165 points, at 25,551.
【13:14】【Resource Stocks Analysis】 Three separate developments in the oil and aluminum sectors, CNOOC hits new high, coal and aluminum stocks retreat, short-term benefits expected from Middle East conflict.
【13:02】Hong Kong stocks in early afternoon down about 125 points, at 25,592.
【12:57】【Iran Crisis】MPF affected by Middle East conflict — GUM reports average loss of HKD 13,610 per person in early March, YTD return only HKD 1,202.
【12:29】【Listing Reform】WVR mechanism reform in three directions: HKD 40 billion privilege shares with 1 share = 20 votes; all companies allowed to submit confidential filings.
【12:00】Half-day HK stocks down 122 points, at 25,594, with HKD 126.06 billion in turnover. Financial stocks follow US bank declines, HSBC (00005) down nearly 4%, Standard Chartered (02888) down over 4%, AIA (01299) down over 1%. Oil giants rise 1% with oil prices; Cathay Pacific (00293) sold off, HKD 3 billion reduced holdings; Cathay Pacific down nearly 3%, Swire Pacific (00019) up 5% to new high. Yuecai (01428) surged over 37%, McKiu Chuen (01716) resumed trading and rose over 16%.
【11:55】【Auto Stocks Analysis】Li Auto’s earnings fell nearly 4% after results; analysts say guidance below expectations drags valuation. Industry expects improvement in Q2; which car stock is more optimistic?
【11:41】Yuecai (01428) surged 43%, high at HKD 9.92, with turnover over HKD 1.7 billion.
【11:34】Hong Kong stocks before noon close down about 100 points, Hang Seng at 25,610, down 106, with HKD 1,197 billion in turnover. Tech Index down 0.5% at 5,002.
【11:19】【1428】Yau Chai Securities’ large transaction: over 30% increase, high at HKD 9.07, turnover HKD 930 million.
【11:16】CATL (03750) continues to hit new highs, up over 1%, high at HKD 622, fourth consecutive day of gains.
【11:15】SenseTime (00020) down over 4%, low at HKD 1.96.
【AI + OpenClaw】SenseTime AI assistant “Office Little Raccoon” integrates with OpenClaw, jointly launching AI Box all-in-one solution.
【11:09】【Hong Kong Stock Analysis】Hang Seng once fell over 200 points, Cathay Pacific down 4%. Analysts say Swire Pacific’s sell-off may not fully reflect pessimism about Cathay’s outlook.
【11:03】HSBC (00005) down over 3%, low at HKD 124; Standard Chartered (02888) down 4%, low at HKD 166.3. Morgan Stanley and Cliffwater restrict redemption of private funds, triggering sharp declines in US bank stocks: Morgan Stanley down 4.1%, Goldman Sachs down 4.4%, Citigroup and Goldman Sachs both down over 3%.
【10:58】Dipu Technology (01384) continues to fall, down over 23% this morning, low at HKD 53, halving from early month high of HKD 120.
【10:58】【IPO】Han Tian Tian passes HKEX listing hearing, develops silicon carbide epitaxial chips, Huawei and China Resources Bank invested.
【10:41】Yau Chai (01428) up nearly 30%, high at HKD 9.07, turnover HKD 930 million.
【10:38】【1810 Major Bank Reports】 Xiaomi’s target cut by CICC by 26% to HKD 37; rating downgraded to Neutral.
【10:20】【1810】Lei Jun: New generation Xiaomi SU7 development progressing smoothly, to be officially released this month; full focus on production readiness.
【10:12】Tencent (00700), Alibaba (09988) both up over 1%, Hong Kong stocks’ decline narrows to about 50 points.
【09:59】Yau Chai (01428) up over 14% against the trend, high at HKD 8.08, turnover HKD 240 million.
【09:53】Market opened down over 200 points, at 25,481.
【09:38】McKiu Chuen (01716) resumed trading, surged nearly 30%, hitting HKD 1.59, turnover HKD 18.71 million.
【09:30】【AI + 9618】JD Cloud launches OpenClaw installation event, on-site giveaway of real lobsters.
【09:26】COSCO SHIPPING (00316) down over 3%, last year earnings down 41%, final dividend cut 68% to HKD 0.42 per share, last year HKD 1.32.
【Shipping Stocks】COSCO SHIPPING’s 2022 earnings down 41%, final dividend HKD 0.42, Middle East tensions add uncertainty.
【09:26】Li Auto (02015) down over 1% after earnings.
【2015 Earnings】Li Auto Q3 adjusted profit down 93%; expects Q1 revenue to decrease up to 21%; Li Xiang: launching new Li Auto L9 series in Q2, accelerating overseas expansion (second edition).
【09:22】Hang Seng Index opened down 133 points, at 25,583, with HKD 43.3 billion in turnover. Cathay Pacific (00293) down 3%, Swire Pacific (00019) up 4%, PetroChina (00857) and CNOOC (00883) up over 1%.
【09:09】Hang Seng futures down about 231 points, at 25,479.
【08:57】【Gold Price Trend】Gold rebounds to $5,100 but expected to decline for the second consecutive week.
【08:35】【IPO】Guomin Technology (2701) plans to raise up to HKD 1 billion, a platform-based IC design company; entry fee HKD 2,182, how much water in A-shares?
【08:09】【IPO】Fei Su Chuangxin (3355) plans to raise HKD 1.66 billion, online DTC network solutions provider; entry fee HKD 4,202.
【07:45】【293】Swire Pacific offers nearly 10% discount on some Cathay Pacific shares, maintains confidence and firm commitment.
【07:45】【Morning Brief】ICAC and SFC raid 14 locations, arrest 6 men and 2 women; funds used insider info to profit HKD 315 million. Iran: Khamenei’s wife not dead, plans to attack US companies and oil facilities in Middle East.
【07:45】Iran conflict persists, oil prices up 10%, night futures down 233 points, closing at 25,467, down 233 points, with the CSI 300 down 1%, at 7,094. Meituan ADR down 1.4% in Hong Kong.
| ADR | HKD Equivalent | Change from HK Market Price | | Meituan ADR | 75.61 | -1.43% | | Tencent ADR | 541.38 | -0.94% | | HSBC ADR | 128.61 | -0.23% | | Alibaba US Stock | 131.29 | -0.23% |
More Hong Kong stocks ADR and Chinese concept stock quotes:
【07:30】Iran’s Supreme Leader Khamenei’s son first issues statement, claiming revenge, opening new war fronts, closing the Strait of Hormuz, pressuring enemies, and warning all US military bases in the Middle East to close immediately or face attack. Dow Jones drops up to 755 points, low at 46,662, closing down 739 points at 46,677, S&P 500 down 1.52%, Nasdaq down 1.78%.
See US stock market close:
Hong Kong stocks yesterday market overview, see details at: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures close down 233 points, Meituan ADR down 1% in Hong Kong