【Hong Kong Stock Market Update】Iran War Concerns Ease, Hang Seng Index Rebounds 446 Points at Midday; AIA Up Nearly 6%, HSBC Up Over 2%, Xiaomi Up 1% Before Results (Continuously Updated)

【Hang Seng Index / Hang Seng / HS / HSI / Hong Kong Stocks / Night Futures / ADR】Concerns over Iran war ease, Hong Kong stocks rebound nearly 450 points in half a day. The Hang Seng Index opened high by 377 points, at 24,759 points. The trend then fluctuated upward, with the index rebounding 446 points in the half-day session, closing at 24,828 points, with a turnover of HKD 149.59 billion. The Tech Index rose 1.4% to 4,779 points.

AIA (01299) rose nearly 6%, HSBC (00005) up over 2%, Xiaomi (01810) gained over 1% before earnings, Zijin (02899) up over 5%, BYD (01211) up 4%, Geely (00175) rose nearly 3%, CATL (03750) increased close to 3%, while NIO (NIO) fell over 3% against the trend.

US stocks are continuously updated, see details on the next page.

Financial Daily:

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Market Overview:

【12:00】 The Hang Seng Index rebounded 446 points in the half-day session, at 24,828 points, with HKD 149.59 billion in turnover. The Tech Index rose 1.4% to 4,779 points. AIA (01299) up nearly 6%, HSBC (00005) over 2%, Xiaomi (01810) up over 1%, Zijin (02899) up over 5%, BYD (01211) up 4%, Geely (00175) nearly 3%, CATL (03750) close to 3%, while NIO (NIO) fell over 3%.

【11:48】【AI+9988】Alibaba DAMO Academy releases new flagship processor “Xuan Tie C950” with performance over 3 times higher than the previous generation, suitable for cloud computing and other applications.

【11:47】CNOOC (00883) and PetroChina (00857) diverge; CNOOC drops 0.1%, PetroChina down 2%.

【11:42】CATL (03750) drops nearly 3% to HKD 642.

【11:20】Before the midday close, the Hang Seng Index extended gains to over 400 points, surpassing 24,800 points.

【10:44】The market latest gain about 365 points, at 24,748, with HKD 107.3 billion in turnover. The Tech Index up nearly 1%, at 4,757.

【10:21】【HSBC】 HSBC appoints David Rice as the first Chief Artificial Intelligence Officer. AI plays a key role in achieving group goals, says AI expert.

【10:10】【Iran Crisis】Financial Secretary Chen Hao-lian: Family office inquiries are numerous; 20 firms established or expanded in the first two months of this year.

【10:00】Zijin (02899) up over 2%, Zijin Gold International (02259), Lingbao Gold (03330), Shandong Gold (01787) down 1%, Zhaojin (01818) down 0.1%.

【Gold Price Trend】Gold prices continue to soften after nine consecutive declines; local gold price per tael falls below HKD 40,000.

【09:58】WuXi AppTec (02359) up nearly 7% after earnings, reaching HKD 110.5.

【WuXi Pharma Tech earnings】WuXi PharmaTech’s profit last year increased 105% year-on-year; expects total revenue of HKD 51.3-53 billion in 2026.

【09:58】Henderson Land (00012) up 3% after earnings, reaching HKD 31.22.

【Henderson】Last year’s core profit decreased 38% to over HKD 6 billion; final dividend down over 41% to HKD 0.76.

【09:50】【eMPF】MPF Easy platform fee reduced to 29 cents starting April; Liu Mai-ka-keung: administrative costs halved compared to before.

【09:42】Hong Kong stocks opened with gains narrowing to within 300 points, at 24,678, up 295 points.

【09:32】Kaleidoscope Technologies (02729) debuted at HKD 32, up 92.1% from IPO price of HKD 16.66, profit HKD 3,068 per lot of 200 shares. Zijing Holdings (02632) opened at HKD 43.9, down 0.7% from HKD 44.2, loss HKD 15 per lot of 50 shares.

【New IPO】Kaleidoscope Technologies (02729) opened 92% higher, earning HKD 3,068 per lot, oversubscribed 2,152 times; Zijing Holdings (02632) opened 0.7% lower, oversubscribed 68 times.

【09:22】Hang Seng Index opened high by 377 points, at 24,759, with HKD 3.92 billion in turnover. The Tech Index up 1.3% to 4,773 points. AIA (01299) up over 4%, HSBC (00005) nearly 4%, Xiaomi (01810) up 1%, local gold stocks up over 10%.

【6181 Earnings】Local Gold last year earned 2.3 times more, with an 88% increase in final dividend to HKD 11.95.

【09:04】Hang Seng futures up about 496 points, at 24,857.

【07:45】【Morning Brief】Iranian Parliament Speaker denies negotiations with Trump; Henderson’s last year’s core profit down 38%, final dividend down over 41% to HKD 0.76.

【07:45】Iran war concerns ease; night futures once rose 881 points, high at 25,228, closing at 25,020, up 673 points. The China concept stock index rose 0.9%, closing at 6,800. Alibaba US stocks up 3%.

ADR Converted HKD Change from Hong Kong close
Meituan ADR 77.59 +1.36%
Tencent ADR 505.74 +1.47%
HSBC ADR 125.07 +5.19%
Alibaba US 123.44 +3.12%

More Hong Kong ADRs and Chinese concept stock quotes:

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【07:30】US President Trump claims negotiations with Iran, delaying strikes on power plants, which boosts oil prices and stocks. Dow Jones rose 1,134 points to 46,712, S&P 500 up 2.2% to 6,651, Nasdaq up 2.5% to 22,189. Closing gains narrowed: Dow up 631 points at 46,208, S&P 500 up 1.1% at 6,581, Nasdaq up 1.4% at 21,946.

See US stock market close:

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Hong Kong stocks yesterday, details at: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures close up 673 points, Alibaba US stocks high, Hong Kong stocks up 3%.

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