Hong Kong Stocks Trend | Hang Seng Index Rebounds with Strong Opening of 377 Points, Oil Stocks Under Pressure Against Market Trend

SighingCashier · 2026-03-24T03:00:53+00:00

Middle East tensions impacted market sentiment; the U.S. delay in military action against Iran prompted a rebound in U.S. stocks, with Hong Kong stocks also recovering from their decline. The Hang Seng Index opened up 1.55%, while the National Index and Tech Index also gained, with earnings stocks becoming a focal point. Among them, Lao Fu Gold's stock price surged 10.5%. Falling oil prices weighed on energy stocks, with CNOOC and China National Petroleum opening lower. Tech stocks broadly recovered, with Alibaba and Tencent both opening higher.

SighingCashier

2026-03-24 03:00:53

Abstract generation in progress

The Middle East situation is driving market investment sentiment. U.S. President Trump suddenly announced a five-day delay in attacking Iranian power plants. The U.S. stock market rebounded sharply overnight, reflecting the performance of Chinese concept stocks, with the Golden Dragon Index up 0.86%. Hong Kong stocks halted a three-day decline, gaining 1,642 points, opening 377 points higher this morning and rebounding near yesterday’s gap bottom.

Hang Seng Index opened 377 points higher or 1.55%, at 24,759 points.

H-shares Index opened 89 points higher or 1.07%, at 8,396 points.

Tech Index opened 61 points higher or 1.3%, at 4,773 points.

Earnings stocks remain a market focus. Yesterday, the heavily sold Golden Group (06181) saw profits surge 2.3 times last year, with dividends increasing nearly 90%. It opened 10.5% higher this morning at 617 HKD, making it the best-performing blue chip at market open. WuXi AppTec (02359) reported more than doubling its profits last year, opening 4% higher at 106.8 HKD. Henderson Land Development (00012) saw profits fall over 10% last year and opened flat at 30.02 HKD.

Oil prices rebounded sharply. NYMEX crude once plunged 14%, hitting a low of $84.37, and is currently hovering around $91 during Asian trading hours. CNOOC (00883) opened 2% lower at 29.9 HKD; PetroChina (00857) opened 0.5% lower at 10.71 HKD.

Technology stocks generally rose. Alibaba (09988) opened 1.9% higher at 122 HKD; Tencent (00700) opened 1.9% higher at 508 HKD; Kuaishou (01024) opened 2.5% higher at 53 HKD; JD.com (09618) opened 0.8% higher at 105.9 HKD.

HSBC (00005) opened 3.9% higher at 123.5 HKD; China Mobile (00941) opened 0.8% higher at 78.5 HKD.

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