Hang Seng Index Trend | Up 289 Points in Mid-Day Trading, Tech Stocks Lead Gains

SighingCashier · 2026-03-16T05:45:55+00:00

U.S. economic growth revised downward and Middle East tensions impacted Asia-Pacific stocks, with A-shares under pressure. Hong Kong stocks opened lower but rallied higher, with the Hang Seng Index closing at midday at 25,755 points, up 289 points. Tech stocks performed outstandingly, with Tencent and Alibaba both rising. Multiple earnings-focused stocks became focal points, with Bloomage Biotechnology and Chagee showing notable gains, while China Huarui Auto and China Zenith Chemical declined sharply.

SighingCashier

2026-03-16 05:45:55

Abstract generation in progress

U.S. Q4 economic growth revised downward and ongoing tensions in the Middle East caused mixed developments in Asia-Pacific stock markets this morning. The A-shares were under pressure, but Hong Kong stocks opened lower and then rallied, gaining more after 11 a.m., with the index rising over 300 points at one point and approaching the half-day high.

The Hang Seng Index opened 29 points lower at 25,436, initially dropping more than 147 points to a low of 25,317, but quickly stabilized and rebounded. After 11 a.m., it gained momentum, with the rally expanding to 302 points, reaching a high of 25,768. The Hang Seng closed at 25,755, up 289 points or 1.14%.

The China Enterprises Index rose 111 points or 1.28%, to 8,782; the Tech Index increased 111 points or 2.24%, to 5,089.

The total trading volume at midday was HKD 143.496 billion, with a net northbound inflow of HKD 845 million.

Tech and internet stocks outperformed the market, becoming the main drivers of the rally: Tencent (00700) up 2.7% at HKD 562.5; Alibaba (09988) up 0.8% at HKD 133.6; JD.com (09618) up 2% at HKD 111.8; Meituan (03690) up 3.8% at HKD 78.85; Xiaomi (01810) up 5% at HKD 34.98.

HSBC (00005) rose 1.4% to HKD 124.2; China Mobile (00941) up 0.6% at HKD 80.45; HKEX (00388) up 0.7% at HKD 404.2; BYD (01211) up 5.7% at HKD 102.3, the best-performing blue chip in the morning session.

Focus Sectors

Resource stocks: defying the trend, Zijin Mining (02899) fell 4.2% to HKD 36.64; China Hongqiao (01378) down 3.5% at HKD 38.12; Luoyang Molybdenum (03993) down 3% at HKD 18.26, the worst three blue chips in the morning.

Consumer stocks: performing well, Mengniu Dairy (02319) up 3.4% at HKD 16.66; Haidilao (06862) up 2.6% at HKD 16.42; Li Ning (02331) up 2.2% at HKD 19.66.

Key Stocks

Several earnings-related stocks attracted attention: Brooker (00325) turned profitable last year with a net profit of RMB 600 million, rising 8.3% midday to HKD 66.35.

Chabaidao (02555) expects over 62% profit growth last year, up 8.4% midday at HKD 5.94.

Huachen China Automotive (01114) expects a profit decline of up to 40% last year, down 11.2% at HKD 3.02.

Zhongsheng Holdings (00881) expects a net loss of up to RMB 2 billion last year, with the stock dropping 15.2% midday to HKD 8.25.

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