[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/HSI/Hang Seng Index/HK Stocks/Night Futures/ADR】Hong Kong stocks opened over 400 points lower. 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) dropped over 4% after earnings, Alibaba (09988) fell over 3%, China Hongqiao (01378) increased over 6% against the trend, and Chinalco (02600) rose by half.

US stock updates are constantly being refreshed, for details see: Next page

Market Trends:

【10:22】The market’s decline expanded to 500 points, with Alibaba (00700) and Tencent (00700) both dropping over 3%.

【10:06】BYD (01211) opened lower but rose 0.8%, reaching a high of 107.8 HKD.

【10:05】The Hang Seng Index is currently down about 435 points, reporting 24,516 points, with a turnover of 76.4 billion HKD. The Tech Index is down 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%, Chinalco (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】China Construction Bank (00939) steadied against the market trend, rising 0.1% to a high of 8.11 HKD.

【Chinese bank earnings】Several domestic banks reduced their final dividends, with the largest cut being 16%. A clear look at the performance of major domestic banks in 2025 (constantly updated)

【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 industrial 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 has fallen for three consecutive days, down 31%. They have announced a buyback of nearly 300 million HKD, but the intensity has been “halved.”

【09:40】Hantang Tiansheng (02726), Extreme Vision (06636), DeShi (02526), and Huayan Robotics (01021) had their first day of listing. Hantang Tiansheng opened at 110 HKD, 44.2% higher than the offering price of 76.26 HKD, earning 1,687 HKD per lot of 50 shares. Extreme Vision 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 IPOs】Overview of the performance of 4 new stocks at listing: DeShi (2526) rose 1.2 times, earning 6,000 HKD per lot; Extreme Vision (6636) up 50%; Hantang Tiansheng (2726) up 40%; Huayan Robotics (1021) opened down 1%.

【09:30】【Oil Price Trends】Schroders expects high oil prices to last longer, but the level of pain is only half that of the peak 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) dropped over 4% after earnings, Alibaba (09988) fell over 3%, China Hongqiao (01378) increased over 6% against the trend, and Chinalco (02600) rose by half.

【1211 Earnings】BYD’s ADR fell by 8% in Hong Kong, with a 19% decrease in profit last year and a final dividend of 0.358 CNY.

【08:56】The Hang Seng Index’s black futures fell about 439 points, reporting 24,520 points.

【08:05】【Domestic Property Stocks 1109 Earnings】China Resources Land’s net profit last year decreased by 0.5% to 25.4 billion CNY, with a final dividend cut by 13.7% to 0.966 CNY.

【07:45】【Morning Highlights】Pakistan: Talks between the US and Iran 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 China concept stock index fell 1.9%, closing at 6,593 points. After BYD’s earnings, its ADR fell 9% in Hong Kong.

| ADR | Converted to HKD | Change compared to HK closing price | | 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 US stock | 120.01 | -2.11% |

More Hong Kong stock ADR and China concept stock quotes:

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【07:30】US President Trump stated he would delay bombing the Iranian power plant for another 10 days, which did not ease market concerns. Instead, there are worries that a prolonged conflict could impact oil supply, intensifying the global economic impact. US stocks fell last Friday, with the Dow closing at 45,166 points, down 793 points, the S&P down 1.67%, and the Nasdaq down 2.15%.

Check US stock closing prices:

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港股上日市況，詳情請看：【港股夜期+ADR+北水】夜期收市跌221點　比亞迪ADR失紅底

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