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[Hong Kong Stock Market] Hang Seng Index drops 500 points; BYD opens 4% lower after earnings but recovers; Alibaba and Tencent fall 3%; Aluminum stocks outperform against the trend, China Aluminum International rises over 20% (updating continuously)
Hang Seng Index/Hang Seng Index/HSI/Hang Seng Index/Hong Kong Stocks/Night Futures/ADR Hong Kong stocks opened down over 400 points. The Hang Seng Index opened down 419 points at 24,532 points, with a turnover of 4.21 billion HKD, the Tech Index fell 2.8%, reporting 4,645 points. BYD (01211) fell over 4% after earnings, Alibaba (09988) dropped over 3%, China Hongqiao (01378) rose over 6% against the trend, and Chalco (02600) increased by half.
U.S. stock updates are ongoing, please see: next page
Market Movement:
【10:22】The market decline expanded to 500 points, with Alibaba (00700) and Tencent (00700) dropping over 3%.
【10:06】BYD (01211) opened lower but rose 0.8%, reaching a high of 107.8 HKD.
【10:05】The latest Hang Seng Index fell about 435 points, reporting 24,516 points, with a turnover of 76.4 billion HKD, and the Tech Index fell 2.6%, reporting 4,654 points.
【09:59】Two Middle Eastern aluminum producers were attacked by Iran over the weekend, causing aluminum prices to surge. China Hongqiao (01378) rose nearly 3%, Chalco (02600) increased over half, Rusal (00486) rose 3%, and Chalco International (02068) surged over 20%.
【09:53】HSBC (00005) fell over 2%, Standard Chartered (02888) dropped 3%, and AIA (01299) fell over 1%.
【09:48】Construction Bank (00939) stabilized against the trend, initially rising 0.1%, reaching a high of 8.11 HKD.
【Domestic Bank Earnings】Several domestic banks reduced their final dividends, with the highest cut being 16%. An overview of the major domestic bank earnings for 2025 (ongoing updates).
【09:48】Pop Mart (09992) fell over 4% again, reaching a low of 140.1 HKD.
【9992】Pop Mart’s Wang Ning: Connecting the IP industry chain with artists to build an IP cultural platform, confident that Labubu’s external IP will be loved by the public.
【9992】Pop Mart’s stock price fell for three consecutive days, down 31%, and they spent nearly 300 million HKD on a buyback but reduced the effort “by half.”
【09:40】Han Tian Cheng (02726), Jizhi Jiao (06636), Deshi (02526), and Huayan Robotics (01021) all listed on their first day. Han Tian Cheng opened at 110 HKD, 44.2% higher than the offering price of 76.26 HKD, earning 1,687 HKD per lot of 50 shares. Jizhi Jiao opened at 59.95 HKD, 49.9% higher than the offering price of 40 HKD, earning 997.5 HKD per lot of 50 shares. Deshi opened at 219 HKD, 1.2 times higher than the offering price of 99 HKD, earning 6,000 HKD per lot of 50 shares. Huayan Robotics opened at 16.8 HKD, 1.2% lower than the offering price of 17 HKD, losing 40 HKD per lot of 200 shares.
【New Stock IPO】Overview of the performance of 4 new stocks on their first listing: Deshi 2526 rose 1.2 times, earning 6,000 HKD per lot; Jizhi Jiao 6636 rose 50%, Han Tian Cheng 2726 rose 40%; Huayan Robotics 1021 opened lower by 1%.
【09:30】【Oil Price Trends】Schroders expects high oil prices to last longer, but the pain level is only half of that during the 2007 crisis.
【09:22】The Hang Seng Index opened down 419 points at 24,532 points, with a turnover of 4.21 billion HKD, the Tech Index fell 2.8%, reporting 4,645 points. BYD (01211) fell over 4% after earnings, Alibaba (09988) dropped over 3%, China Hongqiao (01378) rose over 6% against the trend, and Chalco (02600) increased by half.
【1211 Earnings】BYD ADR down 8% in Hong Kong, last year’s profit down 19%, final dividend 0.358 RMB.
【08:56】The Hang Seng Index futures fell about 439 points, reporting 24,520 points.
【08:05】【Domestic Property Stock 1109 Earnings】China Resources Land’s net profit last year decreased by 0.5% to 25.4 billion RMB, with a final dividend cut by 13.7% to 0.966 RMB.
【07:45】【Morning Brief】Pakistan: Talks between the U.S. and Iran to be held in the coming days | Pop Mart’s Wang Ning: Confident that Labubu’s external IP will be loved by the public.
【07:45】The rise in oil prices continues, with night futures closing down 221 points at 24,630 points. The Chinese concept stock index fell 1.9%, closing at 6,593 points. After BYD’s earnings, the ADR fell 9% in Hong Kong stocks.
| ADR | Converted to HKD | Change from HK Close | | BYD ADR | 96.96 | -8.96% | | Meituan ADR | 84.56 | -1.57% | | Tencent ADR | 486.59 | -1.38% | | HSBC ADR | 123.94 | -0.69% | | Alibaba U.S. Stock | 120.01 | -2.11% |
More Hong Kong stock ADRs and Chinese concept stock quotes:
【07:30】U.S. President Trump stated that he would extend the bombing of Iranian power plants by another 10 days, which did not reassure the market but instead raised concerns that prolonged conflict would impact oil supply and exacerbate the global economic impact. U.S. stocks fell last Friday, with the Dow closing at 45,166 points, down 793 points, the S&P 500 fell 1.67%, and the Nasdaq dropped 2.15%.
View U.S. stock closing:
For last day’s market conditions, please see: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures closed down 221 points, BYD ADR lost its red bottom.