【Hong Kong Stock Market Update】Hang Seng Index rises over 200 points and reclaims 26,000 level. Meituan rallies 4% again, Alibaba and Xiaomi up 2%. Bright Smart Securities surges 60% upon resumption of trading (Continuous updates)

2026-03-17 05:16:52

【Hang Seng Index / Hang Seng / HSIC / Hang Seng Index / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks rose about 250 points in the half-day session, surpassing 26,000. The Hang Seng Index opened 104 points higher at 25,938, reaching a high of 26,250 earlier, then retreated. The index gained 254 points in the half-day, closing at 26,088, above 26,000, with a turnover of HKD 140.18 billion. The Tech Index rose 1.3% to 5,180 points. Meituan (03690) rose nearly 4%, Alibaba (09988), Xiaomi (01810) up over 2%, Geely (00175) up over 5%, Pop Mart (09992) up over 4%, CATL (03750) hit a new high of HKD 685 before falling back 2%. CNOOC (00883) fell 3%, PetroChina (00857) down over 1%, Yau Tai Securities (01428) surged nearly 66% after resumption.

US stocks updates ongoing, details on the next page

Financial Daily:

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Market Trends:

【13:02】The Hang Seng Index rose about 246 points in the afternoon, at 26,080, with HKD 142.9 billion in turnover. The Tech Index up 1.2% at 5,172.

【13:01】Hengan International (01044) expanded gains after earnings, up over 4% in early afternoon, reaching HKD 28.92.

【12:55】【9988 Analysis】Alibaba’s third consecutive gain ahead of Thursday’s earnings report. Analysis: “Aircraft carrier-style business” rebounded to half of January’s high, nearly 10% return.

【12:49】【AI+9988】Alibaba up over 2%, launching the world’s first enterprise-level Agent platform “Wukong.”

【12:38】【01810】Xiaomi shares up another 2%, new generation SU7 to be released Thursday, first equipped with Xiaomi Jiao Long chassis. Lei Jun personally explains why “Asian Flying Man” Su Bingtian is the spokesperson.

【12:26】【Hong Kong Stock Analysis】Hong Kong stocks rose over 400 points with external markets. Fuchang: Middle East instability may boost local investment, “personal safety” becomes an advantage.

【12:01】【Blue Chip Earnings】Hengan International (01044) annual profit up 10% year-on-year, maintaining a final dividend of HKD 0.7.

**【12:00】**The Hang Seng Index gained 254 points in the half-day, at 26,088, above 26,000, with HKD 140.18 billion in turnover. Tech Index up 1.3% at 5,180. Meituan (03690) rose nearly 4%, Alibaba (09988), Xiaomi (01810) up over 2%, Geely (00175) up over 5%, Pop Mart (09992) up over 4%, CATL (03750) hit a new high of HKD 685 before falling back 2%. CNOOC (00883) down 3%, PetroChina (00857) down over 1%, Yau Tai Securities (01428) surged nearly 66% after resumption.

【11:31】【Iran Situation】John Lee: Government monitors price changes, ensures stable energy supply; collusion in pricing will be handled according to law.

【11:23】CNOOC (00883) fell 4% to HKD 28.26, PetroChina (00857) down over 1%.

【11:16】【1211 Analysis】BYD included in NVIDIA’s autonomous driving partnership; stock rebounded to red territory. Fuchang: Domestic competition remains fierce, overseas expansion attractive.

【11:03】【AI+9888】Baidu Xiaodu to launch “Home-use Little Lobster” — “Available anytime, for the whole family, in a closed loop.”

【10:57】CKH (00001) shares up over 1%, reaching HKD 60.1.

【CKH port sale】CKH’s Panama port company: After weeks of improper takeover by the Panama government, they continue to ignore the rule of law and refuse to return investors’ assets.

【10:44】【NVDA】NVIDIA collaborates with BYD, Geely, and other automakers to develop L4 autonomous vehicles.

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

【10:32】Longfor Fibernet (06869) fell over 7%, low at HKD 142.2.

【10:13】Mao Ji Kui Chong (01716) retraced, down 10%, low at HKD 3.2.

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

【Chow Tai Fook Family】Chow Tai Fook Enterprises reportedly seeking refinancing for June maturing loans totaling HKD 7.3 billion.

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

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

【10:00】Hong Kong stocks early session up over 300 points, above 26,000, 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】Leapmotor (09863) up over 4% after earnings, high at HKD 46.66.

【9863 Earnings】Leapmotor turned profitable last year, earning over RMB 500 million, exploring diversified cooperation with Stellantis in 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, supported by a softening dollar and market assessment of emergency oil reserve releases.

**【09:22】**Hong Kong stocks opened 104 points higher at 25,938, challenging 26,000, with HKD 3.88 billion in turnover. Tech Index up 0.5% at 5,137. Yau Tai Securities (01428) resumed trading with a 64% surge, Alibaba (09988) up 0.9%, CATL (03750) up over 1% to new highs, Baidu (09888) down over 2% in contrast.

【14:28】NDRC “approves” Ant Group’s investment 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】Nvidia’s Huang Renxun predicts next year’s chip revenue may reach USD 10 trillion — “still 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 USD index continue to decline. Night futures close up 143 points at 25,894. China concept stocks’ gains narrow to 1%, closing 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】Major oil-producing countries begin releasing strategic reserves, short-term supply is sufficient, but Iran situation remains a concern. Trump states he has asked China to postpone the Xi-Trump summit by about a month, as staying in Washington to direct the Iran war is very important to him. The delay reflects Trump’s expectations on the Iran conflict duration. Dow Jones up 387 points, at 46,946; S&P 500 up 1% at 6,699; Nasdaq up 1.2% at 22,374.

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