Hong Kong Stock Trends | Hang Seng Index Opens 474 Points Lower, Tencent Opens 4% Down After Earnings

SighingCashier · 2026-03-19T02:48:59+00:00

The Federal Reserve maintained interest rates unchanged, but Fed Chair Powell mentioned that inflation control progress has been slower than expected and discussed the possibility of rate hikes. U.S. stocks fell sharply, and Hong Kong stocks opened lower this morning, with the Hang Seng Index down 474 points. Major technology stocks and blue-chip stocks are broadly declining, with earnings stocks becoming the market's focal point.

SighingCashier

2026-03-19 02:48:59

Abstract generation in progress

The Federal Reserve remains on hold, maintaining expectations of one rate cut this year. Fed Chair Jerome Powell stated that progress in controlling inflation has been less than expected, and internal discussions about possible rate hikes have already begun. U.S. stocks fell more than 700 points overnight to hit this year’s new low, with the China concept stock index dropping 2.06%. Hong Kong stocks came under pressure this morning, opening more than 400 points lower.

Hang Seng Index opened down 474 points or 1.82%, at 25,550 points.

China Enterprises Index opened down 143 points or 1.62%, at 8,692 points.

Tech Index opened down 107 points or 2.1%, at 5,000 points.

Out of 90 blue chips, 76 opened lower.

Tencent (00700) reported a year-over-year adjusted profit increase of over 16%, but announced plans to reduce buybacks and expand AI investments this year. Its ADR fell 6%, and this morning it opened down 4.1% at HKD 528, the second-largest decline among blue chips at market open.

AIA Group (01299) reported an 8.8% decrease in profit last year, with new business value up 15%. It opened down 3.6% at HKD 81.5.

Tech stocks declined. Alibaba (09988), which announced earnings today, opened down 3.6% at HKD 132.7; Kuaishou (01024) opened down 3.4% at HKD 57; JD.com (09618) opened down 2.5% at HKD 110; Meituan (03690) opened down 2% at HKD 78.7.

HSBC (00005) opened down 2.4% at HKD 124.8; China Mobile (00941) opened down 1.1% at HKD 79.1.

Earnings reports continue to be market focus, with major companies releasing results today including CK Hutchison (00001), CK Asset (01113), Alibaba, and Li Ning (02331).

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