【Hong Kong Stock Market】Iran War Concerns Ease, Hang Seng Index Opens 377 Points Higher; AIA Rebounds 4%, HSBC Rises Nearly 4%, Xiaomi Up 1% Before Earnings Release (Continuously Updated)

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【Hang Seng Index / Hang Seng Index / HS/HSI / Hong Kong Stocks / Night Futures / ADR】Concerns over Iran war ease, Hong Kong stocks rebound and open more than 300 points higher. The Hang Seng Index opened up 377 points, at 24,759 points, with a turnover of HKD 3.92 billion. The Tech Index rose 1.3%, to 4,773 points. AIA (01299) rebounded over 4%, HSBC (00005) increased nearly 4%, Xiaomi (01810) rose 1% before earnings, and Old Gold Shops (06181) surged 10% after earnings.

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Financial Daily:

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Market Movement:

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

【09:22】 The Hang Seng Index opened up 377 points, at 24,759 points, with a turnover of HKD 3.92 billion. The Tech Index increased 1.3%, to 4,773 points. AIA (01299) rebounded over 4%, HSBC (00005) rose nearly 4%, Xiaomi (01810) increased 1% before earnings, and Old Gold Shops (06181) surged 10% after earnings.

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

【09:04】Hong Kong futures rose about 496 points, to 24,857 points.

【07:45】【Morning Brief】Iranian Parliament Speaker denies negotiations with Trump | Sun Hung Kai Properties’ base profit decreased 38% last year, with the final dividend down over 41% to HKD 0.76.

【07:45】Concerns over Iran war eased, night futures once rose 881 points, reaching a high of 25,228 points, and closed at 25,020 points, up 673 points. The China Concept Stocks Index increased 0.9%, closing at 6,800 points. Alibaba’s U.S. stocks rose 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 U.S. stocks 123.44 +3.12%

More Hong Kong stocks ADR and Chinese concept stock quotes:

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【07:30】U.S. President Trump claims negotiations with Iran, temporarily halting strikes on power plants, which boosted oil prices and stocks. The Dow Jones Industrial Average once rose 1,134 points, reaching a high of 46,712 points. The S&P 500 increased 2.2%, reaching 6,651 points. The Nasdaq rose 2.5%, reaching 22,189 points. However, the gains narrowed at the close: the Dow closed up 631 points at 46,208; the S&P 500 up 1.1% at 6,581; and the Nasdaq up 1.4% at 21,946.

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