Hang Seng Index Trend | Fell Over 500 Points, Lost 10-Day Moving Average Support

SighingCashier · 2026-03-19T06:08:01+00:00

Federal Reserve Chair Powell stated that inflation control progress has fallen short of expectations, discussing the possibility of rate hikes. U.S. stocks fell more than 700 points, Asia-Pacific markets came under pressure, Hong Kong stocks dropped over 500 points at one point, the Hang Seng Index opened down 474 points, and the China Enterprises Index and Tech Index also declined accordingly. Multiple blue-chip stocks showed weak performance, with Zijin Mining and Tencent experiencing larger declines.

SighingCashier

2026-03-19 06:08:01

Abstract generation in progress

Federal Reserve Chair Powell stated that progress in controlling inflation has been less than expected, and internal discussions about the possibility of interest rate hikes have already begun. U.S. stocks responded with a decline of over 700 points overnight, hitting a new low for the year. In the Asia-Pacific region, stocks were initially pressured, with Japan and South Korea’s markets falling more than 2%. Hong Kong stocks dropped more than 500 points this morning, further breaking below the 10-day moving average (currently at 25,757).

The Hang Seng Index opened 474 points lower at 25,550, breaking below the 26,000 level at the open, with a maximum decline of 522 points, reaching 25,502. The decline then slightly eased, narrowing to 344 points, with a high of 25,680. As of 10:27 a.m., the Hang Seng Index was at 25,694, down 331 points or 1.27%.

The China Enterprises Index fell 82 points or 1.27%, to 8,752; the Tech Index dropped 62 points or 1.22%, to 5,045.

Zijin Mining (02899) fell 6.2%, to HKD 35.05, making it the worst-performing blue chip so far. 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. It dropped 5.8%, to HKD 518.5, making it the second-largest blue chip decliner.

Technology stocks showed mixed performance. Alibaba (09988), which announced earnings today, fell 3% to HKD 133.6; Kuaishou (01024) declined 4.3% to HKD 56.45; JD.com (09618) fell 1% to HKD 111.7; Meituan (03690) rose 1.2% to HKD 81.3; Xiaomi (01810) increased 3.7% to HKD 36.44.

HSBC (00005) dropped 2.1% to HKD 125.2; China Mobile (00941) fell 0.4% to HKD 79.65; AIA (01299) declined 1.2% to HKD 83.55.

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