【HK Stock Market Update】Hang Seng Index rises over 100 points in early trading, Meituan up 3%, CATL rises 6% to break new high (Continuously updated)

【Hang Seng Index / Hang Seng Index / HSI / Hang Seng / Hang Seng Index / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened slightly lower. The Hang Seng Index opened down 29 points, at 25,436 points, with a turnover of HKD 3.85 billion. The Tech Index rose 0.2%, to 4,988 points. Meituan (03690), JD.com (09618) rose over 1%. Tencent (00700), which will announce earnings this week, rose 0.6%. Alibaba (09988) increased 0.3%. HSBC (00005) fell over 2%.

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Financial Daily:

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Market Trends:

【10:15】The market rebounded about 100 points, the Hang Seng Index at 25,580, up 114 points, with a turnover of HKD 77.4 billion. The Tech Index rose 0.9%, to 5,024 points. Meituan (03690) up 3%, JD.com (09618), Xiaomi (01810) up 2%.

【10:15】Mao Ji Kwai Chung (01716) surged nearly 80% to a new high of HKD 2.97, still up over 60%, at HKD 2.75, with a turnover of HKD 58.76 million.

【10:08】【1810】Xiaomi stock price up over 2%. New generation SU7 to be released at 7 pm.

【10:08】Contemporary Amperex Technology (03750) stock up over 6%, hitting a new high of HKD 663.5.

【09:41】Hong Kong stocks declined about 140 points in early trading, at 25,325 points.

【09:39】【1428】Yau Tai Securities temporarily suspended trading for 3.16, which surged 34% on the last trading day. Ant Group’s acquisition deadline is March 25.

【09:38】Mao Ji Kwai Chung (01716) up another 30%, reaching a high of HKD 2.22, with a turnover of HKD 20.04 million.

【09:37】【1978】Syu Fook Lou reports profit warning, expects to turn profitable last year with a profit of about HKD 2 million.

【09:32】Huachen China (01114) stock fell 16% early, to HKD 2.83.

【1114 Profit Warning】Huachen China expects last year’s profit to decrease by no more than 40% year-on-year.

【09:29】Zijin (02899) down 2%, Zijin Gold International (02259) down 3%, Lingbao Gold (03330) down 0.5%, China Gold (02099) down over 2%, Shandong Gold (01787) down over 2%.

【Gold Price Trend】Gold price drops below USD 5,000, Middle East war enters third week, oil prices continue to rise.

【09:22】Hang Seng Index opens down 29 points, at 25,436, with a turnover of HKD 3.85 billion. Tech Index up 0.2%, at 4,988. Meituan (03690), JD.com (09618) up over 1%. Tencent (00700), which will announce earnings this week, up 0.6%. Alibaba (09988) up 0.3%. HSBC (00005) down over 2%.

【09:07】Hang Seng Futures up about 92 points, at 25,530.

【08:52】【100】MINIMAX to start “pushing P” from Wednesday, meets annual revenue threshold, will be considered a commercialized company.

【08:38】【IPO】Kaleidoscope Technologies (2729) raises up to HKD 750 million, logistics robot provider, initial entry fee HKD 4,121.

【08:17】【IPO】Zejing Co. (2632) raises up to HKD 780 million, mainland automotive HUD solutions provider, initial entry fee HKD 2,424.

【07:59】【FWD Earnings】FWD Group’s total new business value increased 11% year-on-year; new business sales up 25%.

【07:45】【Morning Briefing】Tencent earnings on Wednesday, broker outlook positive on revenue, focus on AI performance. Alibaba releases earnings Thursday, broker expects net profit to fall 42% after adjustments.

【07:45】Night futures continue to be affected by Iran conflict, closing up 120 points, at 25,481. The Chinese concept stock index rose 0.8%, at 7,148. JD.com US stocks and Hong Kong stocks both up 1%.

| ADR | HKD Equivalent | Change from Hong Kong Close | | Meituan ADR | 75.76 | -0.24% | | Tencent ADR | 547.70 | +0.04% | | HSBC ADR | 122.46 | -0.03% | | Alibaba US Stock | 132.35 | -0.11% |

More Hong Kong ADRs and Chinese concept stock quotes:

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【07:30】With Middle East tensions escalating, US stocks declined last Friday. The Dow opened slightly higher, gaining up to 446 points, then fluctuated, dropping as much as 183 points, closing at 46,558, down 119 points. The S&P 500 fell 0.61%, the Nasdaq dropped 0.93%.

See US stock market close:

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