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【Hong Kong Stock Night Futures + ADR + Northbound Capital】JD.com U.S. stocks up 3% in Hong Kong; Night futures close down 150 points (updating continuously)
▼Click the image to enlarge
【Hang Seng Index / HS Index / Hang Seng / HS / HSI / Hong Kong Stocks / Night Futures / ADR】Market worries over Iran counterattack, Brent crude up 3%, night futures close down 150 points, ending at 25,037 points. China concept stocks fall 1.4%, closing at 6,913 points. JD.com US stocks gain in Hong Kong.
Northbound funds withdraw 27.7 billion, the largest single-day outflow since the Hong Kong Stock Connect opened
Southbound funds sold heavily on Thursday (5th) amid a rebound in Hong Kong stocks, with a total outflow of 27.73 billion yuan, the largest single-day net outflow since the Hong Kong Stock Connect started. The main selling was in Tencent (00700), which attracted 1.54 billion yuan of net inflow during the day. China National Offshore Oil Corporation (00883) and Shandong Molong (00568) attracted 320 million and 80 million yuan respectively; meanwhile, Northbound funds rapidly sold off the three major index ETFs, with net outflows of 13.66 billion in the Tracker Fund (02800), 6.07 billion in the Hang Seng China Enterprises ETF (02828), and 3.9 billion in the Southern Hang Seng Tech ETF (03033).
Hong Kong stocks slightly rebound, with the Hang Seng Index opening 334 points higher at 25,583, reaching a high of nearly 500 points early on, at 25,736. Later, tech stocks dragged the gains, and the index turned lower in the afternoon. The Hang Seng Index rebounded 71 points, closing at 25,321, with a turnover of 321.87 billion HKD. The Tech Index fell 0.7% to 4,796 points. Financial stocks rose: AIA (01299) up 5%, HSBC (00005) up over 2%, Alibaba (09988) down over 2% against the trend, JD (09618) down 1%, JD Health (06618) down over 6%.
US stocks update continuously, see: Next page
Financial Daily:
Market Trends:
【18:40】Northbound funds outflow 27.7 billion, the largest single-day since the Hong Kong Stock Connect opened. Major index ETFs sold off heavily. Hang Seng night futures up 168 points.
【18:24】【Bilibili Q4 Earnings】Revenue up 8% year-over-year, adjusted net profit of 880 million RMB surpasses expectations.
【18:09】【Regulatory Actions】CSRC issues court order: former Coolpad executive Zhang Wei to compensate the company 4 million yuan and barred from directorship for 5 years.
【17:19】【JD Group Earnings】JD Health profits up 29% to nearly 5.4 billion RMB, gross margin rises to 24.8%, no dividend.
【17:16】【Macau Gaming Earnings】SJM Holdings lost 430 million RMB last year, adjusted EBITDA down 15%, no dividend.
【17:01】【HKD Fixed Deposit】Six-month HKD fixed deposit interest rate hits 2.9%, earning 14,000 HKD; small and medium banks push surprise high-yield offers.
【16:16】【ESG】Treasury Bureau: Last year, 197 ESG funds with assets exceeding 1.1 trillion RMB.
【16:10】Hang Seng Index rebounds 71 points, closing at 25,321, turnover 321.87 billion HKD. Tech Index down 0.7%, at 4,796. Financial stocks rise: AIA (01299) +5%, HSBC (00005) + over 2%, Alibaba (09988) down over 2%, JD (09618) down 1%, JD Health (06618) down over 6%.
【16:00】Hang Seng futures up 110 points at 25,359, turnover 311.09 billion HKD.
【15:50】Zhipu (02513) up nearly 2%, MINIMAX (00100) up 9%, reaching 832 HKD.
【15:44】Shandong Molong (00568) continues to decline, down over 12%, low of 8.27 HKD.
【15:41】Before market close, Hang Seng up about 100 points at 25,350, JD (09618) down 0.8%, JD Health (06618) down over 6%.
【15:29】Alibaba (9988) opens its first offline trendy toy store in Beijing, plans to launch 3 proprietary IPs, competing with Pop Mart?
【14:59】Market rises over 100 points, at 25,374, up 125 points, turnover 258 billion HKD. Tech Index down 0.4%, at 4,813.
【14:41】【Iran Crisis】Siborei: Iran conflict has limited impact on most global stock markets; three factors are more critical for Chinese stocks.
【14:32】【AI + Chips】NVIDIA rumored to halt H200 chip production, reportedly allocating TSMC capacity to next-gen Vera Rubin chip.
【14:24】【CSRC】Liang Fengyi: HK stock bid-ask spread narrows 38%, tokenization helps innovate market infrastructure.
【14:11】Market turns lower.
【13:53】Alibaba (09988) down 3% to 125.9 HKD, dragging market gains to about 170 points.
【13:11】【Insurance Sector Analysis】China Life (601628) fell 20% from recent high, then rebounded nearly 3%. Analysis: fundamentals remain stable, attractiveness still lacking.
【13:02】Hong Kong stocks early afternoon up about 250 points at 25,500, turnover 170.4 billion HKD, Tech Index up 0.2%, at 4,835.
【12:59】【 Wharf Holdings Earnings】Hutchison Harbour Lines lost 230 million HKD last year, no dividend. Hong Kong hotel business recovered profitability.
【12:29】【Iran Crisis】China reportedly instructs major oil refiners to suspend diesel and gasoline exports, cancel new contracts, and revoke existing agreements.
【12:18】【Index Review】Xinhua Insurance and Weichai Power included in FTSE China 50 Index, effective March 23.
【12:00】Half-day, Hang Seng up 210 points at 25,459, turnover 164.19 billion HKD. Financial stocks rise: HSBC (00005) and Standard Chartered (02888) +3%, AIA (01299) + nearly 4%. Alibaba (09988), Meituan (03690) down 1%, JD (09618) down 0.7%.
【11:53】Duoniu Technology (01961) shares up over 60%, hitting a new high of 0.59 HKD. The company plans to issue up to 147 million new shares, raising up to 51.4 million HKD, at 0.35 HKD per share, a 14.8% premium over yesterday’s close of 0.305 HKD. Funds will be allocated 40% to general operations, 30% to R&D of gaming and AI products, and 30% to diversification of gaming segments.
【11:26】Hong Kong stocks midday up about 342 points at 25,592, earlier up to 487 points, high of 25,736.
【11:22】【Market Commentary】Hong Kong stocks rebound, nearly 500 points higher. Short-term rebound, market trend uncertain. Mainland economic growth target the slowest in 30 years, market already priced in.
【11:07】【AI + 9988】Qianwen’s leader Lin Junyang suddenly resigns. Alibaba responds: decision approved, will establish foundational model support team.
【10:41】Cathay Pacific (00293) up nearly 4%, high of 13.26 HKD.
【10:37】New World Development (00017) up nearly 4%, high of 9.87 HKD. Other property stocks also rise: Henderson Land (00012) + over 2%, Sun Hung Kai Properties (00016) + over 3%, China Resources Land (00083), CK Asset (01113) + over 1%.
【10:28】Alibaba (09988) slightly weaker, down 0.7% at 128.4 HKD.
【10:22】【Two Sessions】China’s 2026 GDP growth target 4.5%-5%, inflation 2%, planning to issue 1.3 trillion RMB super-long-term bonds to support “Two New” initiatives.
【10:21】Market early gains of about 445 points, at 25,694, turnover 98.9 billion HKD.
【10:12】Uni-President (00220) up over 1% after earnings, high of 8.14 HKD.
【220 Earnings】Uni-President’s annual profit up 10.9% to 2.05 billion RMB, dividend 47.47 cents, up nearly 11%.
【10:10】PetroChina (00857), CNOOC (00883), Sinopec (00386) decline against the trend: PetroChina down 0.5%, CNOOC down nearly 3%, Sinopec down 0.6%.
【10:08】【IPO】CSRC reportedly strengthening review of IPO underwriters’ staff.
【09:42】Bitcoin rebounds to around $72,000. Boyaa Interactive (00434) up over 11%, early high of 3.09 HKD.
【09:39】【14th National People’s Congress】Premier Li Qiang delivers government work report. Main development target this year: 4.5%-5%, striving for better results.
【09:22】Hong Kong stocks rebound, Hang Seng Index opens 334 points higher at 25,583, turnover 5.71 billion HKD, Tech Index up 1.6% at 4,907. HSBC (00005) +3%, CATL (03750) + half a percent, JD (09618) up 1%, JD Health (06618) up over 3%.
【09:04】Hang Seng futures up about 412 points at 25,648.
【07:45】【Morning Brief】White House: complete control of Iran airspace in the next few hours｜How much would oil prices rise if the Strait of Hormuz is blocked for weeks?｜Goldman Sachs: Market reacts surprisingly mildly to Middle East conflict.
【07:45】Conflict news fluctuates, US dollar index down 0.2% to 98.82, but US long-term bond yields remain high at 4.1%. Night futures close up 402 points, at 25,534, China concept stocks up 0.8%, at 7,013. HSBC ADR high in Hong Kong stocks by 4%.
More Hong Kong ADRs and Chinese concept stocks quotes: