[Hong Kong Stock Market] Hang Seng Index halves its decline to 319 points at midday, Brent crude oil rises above $100, CNOOC surges over 3% to hit a new high, Guotai Junan International drops half a percent (updating continuously)

2026-03-12 04:16:10

【Hang Seng Index / Hang Seng / HSIC / Hang Seng Index / HSI / Hong Kong Stocks / Night Futures / ADR】 Hong Kong stocks fell more than 300 points in the half-day session. The ongoing Iran conflict continues to trouble the market, with the Hang Seng Index opening down 179 points at 25,719, initially turning higher in early trading but lacking momentum, then reversing downward again, dropping over 300 points to a low of 25,524. The Hang Seng Index closed the half-day session down 319 points at 25,579, with a turnover of 131 billion HKD. The Tech Index fell 1.2% to 4,993 points. Oil prices rose, with Brent crude surpassing $100 per barrel. CNOOC (00883) rose over 3% to a new high, PetroChina (00857) up over 2%, Shandong Moluo (00568) up 13%, Alibaba (09988) down 2%, and Guotai Junan International (01788) down 5%.

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Financial Daily:

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Market Trends:

【12:00】 The Hang Seng Index fell 319 points in the half-day session, closing at 25,579, with a turnover of 131 billion HKD. The Tech Index dropped 1.2% to 4,993 points. Oil prices rose, Brent crude again above $100, CNOOC (00883) up over 3% to a new high, PetroChina (00857) up over 2%, Shandong Moluo (00568) up 13%, Alibaba (09988) down 2%, Guotai Junan International (01788) down 5%.

【11:48】 CATL (03750) rose another 1% against the trend, reaching a new high of 614.5 HKD.

【11:32】 Before the midday close, the Hang Seng Index declined about 339 points to 25,559, with a turnover of 122.4 billion HKD. The Tech Index fell 1.3% to 4,991.

【11:28】【Yuzhou Xiangjiang】Yuzhou Xiangjiang held the “Building Legacy” Peak Forum from March 23-24, emphasizing “Creating Heritage” — Xu Zhengyu highlighted Hong Kong’s unique advantage as a “Safe Harbor.”

【10:45】【Manulife 945】Manulife Hong Kong and Macau: Ji Rongdao appointed as Vice CEO, continuing as CFO.

【10:34】 The Hang Seng Index extended its decline to over 200 points, down 220 to 25,678, with a turnover of 84.9 billion HKD. The Tech Index fell 0.6% to 5,022.

【10:33】 MTR (00066) will announce earnings today, with a nearly 3% decline beforehand, low at 34.06 HKD.

【10:22】【AI+OpenClaw】Morgan Stanley: Skeptical about large-scale adoption of OpenClaw products in Mainland China; three major challenges pose significant obstacles.

【10:15】OSL Group (00863) opened high but fell nearly 2%, low at 12.72 HKD.

【Stablecoins】HKMA’s first stablecoin license, rumored to include Standard Chartered, HSBC, and OSL.

【10:12】 The market turned down again, dropping another hundred points.

【09:54】【US Tariffs】The US has launched a new round of trade investigations on 16 trading partners including China, Japan, Korea, and Europe, paving the way for new tariffs.

【09:46】Hong Kong stocks turned higher after opening, with the Hang Seng Index up about 10 points, rebounding to around 25,900.

【09:22】The Hang Seng Index opened 179 points lower at 25,719, with a turnover of 3.67 billion HKD. The Tech Index fell 0.6% to 5,024. Alibaba (09988) down 2%, Guotai Junan International (01788) down 4%, oil prices rebounded, PetroChina (00857) and CNOOC (00883) both up over 1%.

【09:09】The Hang Seng futures declined about 268 points, to 25,612.

【08:50】【AI+OpenClaw】Official reiterates “Lobster” security risks; MIIT issues “Six Musts and Six Don’ts” advice.

【08:32】【Gold Price Trend】Gold prices fell for the second day, pressured by rising oil prices and bleak rate hike outlook.

【08:08】【IPO】Guanghe Technology (1989) raised up to 3.3 billion HKD, a leading mainland PCB company. Entry fee 7,261 HKD, how high is the A-share valuation?

【07:45】【Regulatory Actions】CITIC Securities Hong Kong and Guotai Junan International offices searched; Guotai Junan International: takes this seriously, immediately suspends involved employees and their authority. Reportedly related to ECM executive Pan Ju Peng.

【07:45】【Morning Highlights】IEA members agree to release 400 million barrels of emergency oil reserves; CITIC Securities Hong Kong and Guotai Junan International offices searched; Mak Kee Kwai Chung officially sells.

【07:45】The Iran conflict continues to trouble the market, night futures close down 64 points at 25,756, China concept stocks down 0.8% at 7,167, HSBC ADR up 1%.

| ADR | HKD equivalent | Change from HK market close | | Meituan ADR | 76.61 | -1.02% | | Tencent ADR | 556.85 | +0.88% | | HSBC ADR | 134.55 | +1.16% | | Alibaba US stocks | 133.31 | +0.09% |

More Hong Kong stocks ADRs and Chinese concept stock quotes:

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【07:30】U.S. Central Command warns Iran civilians that the regime is using civilian ports along the Strait of Hormuz for military actions, threatening international shipping, and becoming legitimate military targets under international law. Oil prices rise again, Dow drops up to 520 points. The Dow closes at 47,417, down 289; S&P 500 retraces 0.08% to 6,775; Nasdaq slightly rebounds 0.08% to 22,716.

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