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Hong Kong Tech Stocks Lag as Hang Seng Index Falls 0.88% Amid Sector Volatility Hong Kong’s stock market faced a downturn on Friday, with major indices declining sharply. The Hang Seng Index closed at 25,277.32 points, dropping 226.18 points or 0.88%. The Hang Seng Tech Index fell 2.48% to 4,875.78 points, while the China Enterprises Index dropped 1.4%. Total trading volume surged to 342.52 billion Hong Kong dollars, reflecting heightened market activity. Technology stocks were the primary drag on the market. Xiaomi Group plummeted 8.59%, Alibaba Group fell over 6%, and shares of Tencent, Meituan, and JD.com declined between 1% and 3%. Analysts attributed the decline to rising global liquidity concerns and geopolitical tensions, which have intensified foreign institutional caution. Reduced holdings and short-selling activity have further disrupted market balance. The downturn was exacerbated by news of Super Micro Computer facing U.S. Department of Justice allegations of evading export controls. The company’s stock dropped over 20%, deepening investor anxiety about the tech sector. Amid the broader decline, lithium battery stocks outperformed. Contemporary Amperex Technology (CATL) surged 8.39%, hitting a new high, while Joyson and Ganfeng Lithium rose more than 5%. Shenda Futures analysts noted strong demand from downstream manufacturers, with March production forecasts reaching historic highs. They highlighted healthy inventory structures as a key driver of the sector’s resilience. Despite the overall weakness, some individual stocks showed strength. AIA Group rose over 3% following reports of a 15% increase in new business value and plans for a 17 billion dollar share buyback. Looking ahead, institutional views on tech leaders remain divided.#tencent #hang_seng_index #meituan #xiaomi_group #alibaba_group

Hong Kong Stock Market Rebounds with AI and Tech Stocks Leading The three major Hong Kong stock indices rebounded in the afternoon trading session, with the Hang Seng Index rising 0.61%, the Hang Seng TECH Index gaining 0.01%, and the Hang Seng China Enterprises Index climbing 0.10%. The Hang Seng China Affiliated Corporations Index, however, fell 0.24%. At the close, 1,242 stocks advanced, 982 declined, and 952 remained unchanged. Technology and internet sectors dominated the gains, with Alibaba-W up 2.30%, Bilibili-W rising 2.25%, Baidu Group-SW increasing 2.18%, SenseTime-W gaining 1.46%, Meituan-W up 0.38%, and Tencent adding 0.09%. AI application stocks were particularly active, with MiniMax surging 19.85%, Zhipu rising 19.47%, and Kingsoft Cloud jumping 18.17%. Other notable performers included Haizhi Technology Group (10.72%) and MiningLamp Technology (8.23%). Storage-related concepts also trended upward, driven by demand for data infrastructure. CSOP 2x Long SK Hynix gained 17.67%, CSOP 2x Long Samsung Electronics rose 16.7%, and Gigadevice Semiconductors climbed 11.5%. Semiconductor stocks broadly moved higher, with ThinkForce Intelligent Technology surging 13.17%, Shanghai Fudan Microelectronics Group rising 13.11%, and Huahong Semiconductor gaining 3.83%. In contrast, automotive stocks declined, with Li Auto-W dropping 6.24%, Geely Auto falling 3.66%, XPeng Motors-W decreasing 3.26%, Leapmotor sliding 2.38%, and BYD’s shares retreating 2.20%. Shipping and port stocks, however, performed well, with COSCO Shipping Energy Transportation up 7.76%, SITC International Holdings gaining 2.53%, and T.S. Lines advancing 2.11%. Apple-related concepts also saw strong activity, with FIT HON TENG surging 12.19%, Weis Plus rising 5.#hang_seng_index #hong_kong_stock_market #hang_seng_tech_index #hang_seng_china_enterprises_index #hang_seng_china_affiliated_corporations_index

Hong Kong stocks extend winning streak amid stabilising oil prices despite Iran conflict Hong Kong stocks rose for a third consecutive day on Wednesday, driven by investor confidence in overnight gains on Wall Street and the stabilization of oil prices, even as geopolitical tensions in the Middle East persisted. The Hang Seng Index climbed 0.6 percent to 26,025.42 at the close of trading, marking its longest winning streak since January 29. The Hang Seng Tech Index remained largely unchanged, while mainland Chinese indices also saw modest gains, with the CSI 300 Index rising 0.5 percent and the Shanghai Composite Index gaining 0.3 percent. Several key stocks outperformed, including Alibaba Group Holding, which surged 2.3 percent to HK$137.70, and Baidu, which climbed 2.2 percent to HK$121.80. Pop Mart International, a blind-box toymaker, advanced 3 percent to HK$221.80, while food-delivery giant Meituan rose 0.4 percent to HK$80.30. However, some companies faced declines, such as Tencent Music Entertainment Group, which dropped 22 percent to HK$44.72 after its fourth-quarter results missed expectations. Electric-vehicle makers BYD and Li Auto also saw declines, with BYD falling 2.2 percent to HK$102.20 and Li Auto slipping 6.2 percent to HK$66.85. The rally in Hong Kong markets followed a rebound in U.S. stock indices, where the S&P 500 and Nasdaq 100 posted gains, extending their upward trends. Meanwhile, oil prices stabilized after a slight drop, with Brent crude falling about 1 percent to trade below US$102 a barrel. The decline came after Iran confirmed the death of a senior security official, which raised concerns about regional stability.#hong_kong #hang_seng_index #alibaba_group_holding #baidu #pop_mart_international

Hang Seng Closes Higher After Early Losses The Hang Seng Index ended the trading session higher on Wednesday, recovering from early losses and extending gains from the previous day. The index rose 157 points, or 0.6%, to close at 26,025. Most sectors contributed to the upward movement, with sentiment improving as U.S. futures surged ahead of the Federal Reserve’s rate decision and its first 2026 policy projections. While markets anticipate the policy rate to remain unchanged, attention is focused on potential signals about Jerome Powell’s future role, as his term as chair concludes in May. In China, stock markets showed slight gains ahead of the People’s Bank of China’s (PBoC) planned lending rate review on Friday. Risk appetite was further boosted by news that Nvidia has received approval to export advanced AI chips to the mainland, which could enhance demand for technology stocks. Meanwhile, Cathay Pacific announced it would continue suspending Middle East flights until April 30, reflecting ongoing operational adjustments. The day’s top performers included Minimax Group, which surged 19.4%, followed by Knowledge Atlas with an 18.6% increase. CK Hutchison, Henderson Land Development, and AIA Group also saw significant gains, rising 2.9%, 2.5%, and 1.6%, respectively. In contrast, Geely Auto declined 3.2% after reporting flat annual profits despite recording higher sales and improved margins. The market’s positive momentum appears to be driven by a combination of factors, including optimism about global economic conditions, expectations for central bank policy guidance, and developments in key sectors such as technology and aviation. However, investors remain cautious, with the Fed’s upcoming decisions and China’s monetary policy outlook serving as critical watchpoints for the near term.#federal_reserve #jerome_powell #people_s_bank_of_china #hang_seng_index #cathay_pacific

Hang Seng Index Steady Ahead of Major Chinese Tech Earnings The Hang Seng Index has remained stable as investors await earnings reports from major Chinese companies such as Alibaba, Tencent, and Meituan. The index has seen a two-day rise, driven by recent positive macroeconomic data from China and its alignment with broader global equity markets. Analysts note that the index has rebounded 5% from its lowest level this month, with attention now focused on upcoming corporate results. Over the past week, the Hang Seng Index has climbed from a low of H$24,937 on March 6 to its current level of H$26,220. This recovery has been fueled by improved economic indicators in China, which suggest a gradual stabilization of the economy. Retail sales in February increased by 2.8% compared to the previous month’s 0.9% growth, surpassing expectations. Fixed asset investment also rose by 1.8% in February, reversing a 3.8% decline in January. Housing prices declined at a slower pace than anticipated, indicating a potential stabilization in the real estate sector. These figures highlight a broader trend of economic resilience in China, as officials work to meet the government’s annual growth target of between 4.5% and 5%. Historically, the Hang Seng Index has performed well during periods of Chinese economic recovery, as many listed companies operate heavily in mainland China. The current rebound reflects this pattern, with investors optimistic about the outlook. The index’s rise is also tied to the anticipation of earnings reports from key firms. Tencent Holdings, the largest company in the index, is set to release its financial results on Wednesday. The report will provide insights into its growth trajectory and investments in artificial intelligence. Tencent’s stock has surged 12% since its March low, signaling investor confidence.#morgan_stanley #tencent #hang_seng_index #alibaba #meituan

Hong Kong stocks edge higher as oil steadies, tracking Wall Street gains Hong Kong stocks rose for a second consecutive day on Tuesday, following gains on Wall Street, as oil prices stabilized after a sharp overnight drop. The recovery in energy markets eased concerns over inflation and geopolitical tensions, providing a boost to local equities. The Hang Seng Index closed up 0.1 percent at 25,868.54, having earlier surged as much as 1.6 percent during the session. The Hang Seng Tech Index, however, fell 0.1 percent. On the mainland, the CSI 300 Index declined 0.7 percent, while the Shanghai Composite Index dropped 0.9 percent. E-commerce giant Alibaba Group Holding gained 0.5 percent to HK$134.60 after announcing the launch of an artificial intelligence platform for businesses. Smartphone and electric vehicle maker Xiaomi rose 0.5 percent to HK$35.36, while carmaker Geely surged 4.6 percent to HK$18.84. Blind-box toymaker Pop Mart climbed 3.2 percent to HK$215.40. Some stocks faced pressure, with search-engine operator Baidu falling 3 percent to HK$119.20 and EV battery maker Contemporary Amperex Technology Ltd declining 3.3 percent to HK$648. Bright Smart Securities & Commodities Group, Hong Kong’s largest retail stock brokerage, soared 47 percent to HK$13.60 after confirming that an Ant Group-led takeover had received regulatory approval from Chinese authorities. The deal is set to conclude by March 30. In the U.S., major stock indices climbed on optimism that more oil tankers would navigate the Strait of Hormuz safely. The S&P 500 Index gained 1 percent, the Nasdaq rose 1.2 percent, and the Dow Jones Industrial Average added 0.8 percent. Brent Crude prices stabilized at around US$102 per barrel on Tuesday morning, having dropped 2.9 percent the previous day.#hong_kong #wall_street #hang_seng_index #csi_300_index #shanghai_composite_index