【Hong Kong Stock Market Update】Hang Seng Index rises over 400 points back above 26,000; Meituan bounces over 4%, Alibaba and Xiaomi up 2%; Bright Smart Securities resumes trading and surges 70% (Continuously updated)

SocialAnxietyStaker · 2026-03-17T04:33:13+00:00

Hong Kong stocks opened 106 points higher, with the Hang Seng Index at 25938 points and trading volume of 3.88 billion yuan. By 10:32, the Hang Seng Index's gains expanded to 400 points, with the latest reading at 26155 points. Alibaba rose slightly, with some stocks such as Meituan and Bright Smart surging significantly, while Baidu declined against the market trend. Market dynamics continue to update.

SocialAnxietyStaker

2026-03-17 04:33:13

Abstract generation in progress

【Hang Seng Index / Hang Seng / HSIC / Hang Seng Index / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened higher by 100 points. The Hang Seng Index opened up 104 points, at 25,938, challenging the 26,000 level. Turnover was HKD 3.88 billion. Tech index rose 0.5%, at 5,137 points. Yau Tai Securities Finance (01428) resumed trading with a gain of over 64%. Alibaba (09988) rose 0.9%. CATL (03750) climbed over 1% to a new high. Baidu (09888) fell over 2% against the trend.

US stocks updates ongoing, see details on the next page

Financial Daily:

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Market Trends:

【10:32】Hang Seng once rose 416 points, reaching 26,250. Currently up about 321 points, at 26,155. Meituan (03690) up over 4%. Yau Tai (01428) up 71%.

【10:32】Longfor Fiber Optic Cable (06869) dropped over 7%, low at HKD 142.2.

【10:13】Mao Ji Kwai Chung (01716) retraced, down 10% against the trend, low at HKD 3.2.

【10:11】New World (00017) up 0.3%, high at HKD 9.53.

【Family of Zheng Jiachun】Chow Tai Fook Enterprises reportedly seeking refinancing for a June maturing loan of HKD 7.3 billion.

【10:06】Market gain expanded to 400 points, rebounding to around 26,200.

【10:04】Chow Sang Sang (00116) profit alert, stock up over 8%, high at HKD 14.54.

【116 Profit Alert】Chow Sang Sang expects last year’s recurring business profit to be HKD 1.6-1.7 billion, up 107%-120% year-on-year.

【10:00】Hong Kong stocks early session up over 300 points, back above 26,000. Hang Seng at 26,161, up 327. Turnover HKD 59.7 billion. Tech index up 1.7%, at 5,199. Alibaba (09988), Xiaomi (01810) up nearly 3%. Meituan (03690) up over 3%.

【AI Agent】Alibaba establishes Alibaba Token Hub business group.

【09:43】Leap Motor (09863) after earnings up over 4%, high at HKD 46.66.

【09863 Earnings】Leap Motor turned profitable last year, earning over RMB 500 million, exploring diversified cooperation with Stellantis on vehicles and parts.

【09:43】Zijin (02899) up 0.4%, Zijin Gold International (02259) up 0.5%, Zhaojin (01818) up 0.5%, Shandong Gold (01787) up 0.4%, Lingbao Gold (03330) up 0.4%, down 1%.

【Gold Price Trend】Gold remains near USD 5,000, with USD weakening and market assessing emergency oil reserve releases.

【09:22】Hang Seng Index opened 104 points higher, at 25,938, challenging 26,000. Turnover HKD 3.88 billion. Tech index up 0.5%, at 5,137. Yau Tai Securities (01428) resumed trading with a gain of over 64%. Alibaba (09988) up 0.9%. CATL (03750) up over 1% to a new high. Baidu (09888) down over 2% against the trend.

【1428】NDRC “green light” for Ant Group to invest in Yau Tai Securities, resuming trading on 3/17.

【09:04】Hang Seng futures up about 52 points, at 25,852.

【07:47】【Xi-Trump Meeting】Trump delays China visit by about a month, citing ongoing war and no tricks involved.

【07:45】【Morning Brief】Huang Renxun expects chip revenue next year to reach USD 10 trillion or "still too conservative"｜NDRC approves Ant Group’s investment in Yau Tai Securities｜Google to expand Gemini to all Hong Kong users.

【07:45】Oil prices and US dollar index continue to decline. Night futures close up 143 points, at 25,894. China concept stocks narrow gains to 1%, at 7,215. Baidu US stocks down 3%.

| ADR | HKD Equivalent | Change from HK Market Close | | Baidu US | 119.22 | -3.00% | | Meituan ADR | 77.68 | -0.79% | | Tencent ADR | 562.77 | +0.77% | | HSBC ADR | 125.77 | +1.18% | | Alibaba US | 133.81 | -0.14% |

More Hong Kong ADRs and Chinese concept stocks quotes:

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【07:30】G7 major countries begin releasing strategic oil reserves, short-term supply is sufficient, but Iran crisis continues to trouble markets. Trump states he has proposed delaying his and President Xi Jinping’s summit by about a month, as remaining in Washington to command the Iran war is very important to him. The delay reflects Trump’s expectations on the duration of the Iran conflict. Dow rises 387 points, closing at 46,946. S&P 500 up 1%, at 6,699. Nasdaq up 1.2%, at 22,374.

See US stock market close details:

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