【Hong Kong Stock Market】Hang Seng Index down over 300 points in early trading, Tencent drops over 5% after earnings, Xiaomi rises nearly 4% against the market, CNOOC up 4% (continuous updates)

SocialAnxietyStaker · 2026-03-19T03:38:01+00:00

Hong Kong stocks opened weak, with the Hang Seng Index falling 474 points to 25,550 points, with trading volume at 4.44 billion yuan. Tech stocks performed poorly, with Tencent down 4% and AIA down over 3%. Xiaomi rose against the trend by over 2%. U.S. stocks continued to fluctuate, with market concerns about the impact of monetary policy and Middle East tensions. The Federal Reserve Chair indicated that rate cuts would not come easily, with stock market sentiment remaining depressed.

SocialAnxietyStaker

2026-03-19 03:38:01

Abstract generation in progress

【Hang Seng Index / Hang Seng Index / HS/HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened over 400 points lower. The Hang Seng Index opened down 474 points at 25,550, with a turnover of HKD 4.44 billion. The Tech Index fell 2.1% to 5,000 points. Tencent (00700) dropped 4% after earnings; AIA (01299) fell over 3%; Xiaomi (01810) announced the Mimo-V2-Pro and upcoming new SU7, with shares rising over 2% against the trend. CNOOC (00883) rose over 2% following oil price increases of more than 2%.

US stocks are continuously updating. For details, see: Next Page

Financial Daily:

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Market Trends:

【10:20】The major index is down about 378 points, at 25,646, with a turnover of HKD 95.4 billion. The Tech Index fell 1.4% to 5,039.

【10:20】【700 Major Bank Reports】Morgan Stanley: Early AI investments have short-term pressure on Tencent’s profit margin; target price cut by 12%.

【10:17】MINIMAX (00100) retraced 6%, Zhipu (02513) retraced 7%.

【10:13】Cheung Kong (01038) rose 1% after earnings; CLP (00006) shows no change.

【CK Hutchison’s earnings】Cheung Kong’s net profit increased 1.8% to over HKD 8.2 billion; final dividend up 1.1% to HKD 1.88; current dividend yield 4%.

【CK Hutchison’s earnings】CLP’s net profit rose 1.9% to HKD 3.04 billion; maintained final dividend of HKD 2.04; current dividend yield 4.5%.

【10:13】Tencent (00700) fell over 5% earlier, low at HKD 515.

【09:55】Pop Mart (09992) dropped over 1%, low at HKD 215.

【09992】Pop Mart partners with Sony Pictures to develop the live-action animated film “Burlington,” directed by the creator of “Paddington.”

【09:22】Hang Seng Index opened 474 points lower, at 25,550, with a turnover of HKD 44.4 billion. The Tech Index fell 2.1% to 5,000. Tencent (00700) dropped 4% after earnings; AIA (01299) fell over 3%; Xiaomi (01810) announced the Mimo-V2-Pro and upcoming new SU7, with shares rising over 2%. CNOOC (00883) rose over 2% following oil price increases of more than 2%.

【09:06】Hang Seng Futures down about 581 points, at 25,445.

【08:47】【Gold Price Trend】Gold prices declined for six consecutive days, retreating to around USD 4,800, but have stabilized slightly.

【08:16】【HSBC】Reports suggest HSBC is considering large-scale layoffs in the coming years, possibly affecting around 20,000 jobs due to AI considerations.

【08:05】【AI+01810】Xiaomi releases the trillion-parameter large model Mimo-V2-Pro. Lei Jun: We are relatively low-profile in AI, and our actual progress may be much faster than what everyone sees.

【07:46】【09999 Earnings】AIA Insurance’s full-year new business value hit a record HKD 5.52 billion, up 15% at fixed exchange rates; final dividend increased 10% to HKD 1.4408.

【07:45】Trump intensifies military actions in the Middle East, attacking oil and gas fields, prompting Iran to retaliate against US-affiliated facilities in the UAE, boosting oil prices. Brent crude hit USD 111.9. The US dollar index rose 0.5%, above 100. Night futures closed down 496 points, at 25,479. The China concept stock index fell 2.1%, closing at 7,015.

| ADR | HKD Equivalent | Change from Hong Kong Close | | Meituan ADR | 78.11 | -2.73% | | Tencent ADR | 517.33 | -6.02% | | HSBC ADR | 125.32 | -2.02% | | Alibaba US Stocks | 131.71 | -4.35% |

【07:45】【700 Earnings Conference】Tencent ADR down 6%; Liu Cihping: Profit growth may be slower than revenue this year; Apple tax cut is positive.

【07:45】【Morning Brief】Tencent’s Liu Cihping: Profit growth may lag behind revenue this year; Powell: Will remain Chair until a successor is appointed; Middle East war impact remains uncertain.

More Hong Kong stocks ADRs and Chinese concept stocks quotes:

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【07:30】The Federal Reserve keeps interest rates steady, expecting one rate cut this year and next. Middle East conflict has caused oil prices to rise nearly 50% this month. Fed Chair Powell emphasized that if inflation shows no signs of progress, rate cuts will not be considered. He expects rising energy prices to push up overall inflation expectations. After Powell’s remarks, the Dow dropped 800 points. The Dow closed down 768 points at 46,225; the S&P 500 fell 1.36%; the Nasdaq declined 1.46%.

See US stock market close:

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Hong Kong Market Yesterday, for details see: 【Hong Kong Night Futures + ADR + Northbound Funds】 Night futures close down 496 points; Tencent ADR down 6% from HK.

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