[Hong Kong Stock Market] Hang Seng Index drops over 300 points, Brent crude rises above $100, CNOOC surges over 3% to hit a new high, Guotai Junan International falls half a percent (updating continuously)

【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 course and 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%.

US stock market updates ongoing, details on the next page

Financial Daily:

▼Click image to enlarge

Market Trends:

【15:22】【AI+9988】Morgan Stanley: Alibaba has a complete AI industry chain, potentially becoming Google’s successor and replacing Tencent as the top stock tomorrow

【14:58】Hong Kong stocks declined about 234 points in the late session, closing at 25,664, with a turnover of 195 billion HKD. The Tech Index fell 0.7% to 5,018.

【14:39】002｜CLP subsidiary China Electric Power issues 1 billion RMB Panda bonds with a 1.85% yield, oversubscribed 3.35 times

【14:28】【Alibaba 9988】Cainiao plans large-scale overseas deployment of robotic warehouses by 2026

【14:22】【Iran Crisis】HSBC, Standard Chartered and other banks reportedly temporarily halt transactions in the Persian Gulf; some banks arrange Dubai staff to work from home

【14:12】Market slightly narrowed decline to within 300 points, down 278 points at 25,620

【13:29】MINIMAX (00100) continued to retrace half of its gains, Zhipu (02513) fell 9%, Xunce (03317) dropped over 5%

【13:14】【Regulatory Action】ICAC and SFC jointly raided 14 locations, arresting 6 men and 2 women. A fund allegedly profited HKD 315 million using insider information. Suspected involvement includes CICC Hong Kong, Guotai Junan International, and Wuji Capital.

【13:01】【Macau Telecom】CITIC International Telecom reported a 1.1% increase in profit last year, paying a final dividend of HKD 0.13, dividend yield 7.2%.

【13:00】Hong Kong stocks declined about 339 points in early afternoon, at 25,559, with a turnover of 132.3 billion HKD. The Tech Index fell 1.3% to 4,987.

【12:57】6181 major bank report｜Old-established gold firm’s positive outlook boosts broker confidence, price hikes improve gross margin; Goldman Sachs and Citi raise target prices

【12:55】【293 Analysis】Cathay Pacific’s half-day stock price down 2.5%, Boustead’s valuation expected to be re-evaluated; analysts say operating environment remains tough: oil prices are tricky

【12:48】【Hong Kong Stock Analysis】Hang Seng Index down over 300 points; AI lobster concept stocks continue to retrace. Analysts say: “Lobster” active users are rising sharply, the hype may not be over yet.

【12:47】【HSBC】Allianz and Manulife consider competing to acquire HSBC Singapore insurance business

【12:39】004｜Kowloon Warehouse’s net profit last year increased 46.7% to over HKD 4.1 billion; second interim dividend HKD 0.2; Hong Kong property market regains momentum

【12:34】【Swire Properties】Swire Properties’ basic profit last year rose 8.6% year-on-year; second interim dividend HKD 2.5, Swire B HKD 0.5

【12:24】【Swire Group Results】Swire Properties’ recurring basic profit last year decreased 3%; second interim dividend increased 5% to HKD 0.8

【12:00】 Hang Seng Index half-day down 319 points at 25,579, with a turnover of 131 billion HKD. The Tech Index fell 1.2% to 4,993. Oil prices rose, Brent crude 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 1% against the trend, hitting a new high of HKD 614.5.

【11:32】Midday close: Hang Seng down about 339 points at 25,559, turnover HKD 122.4 billion, Tech Index down 1.3% at 4,991.

【11:28】【Yuzhou Properties】Yuzhou Properties’ summit forum on March 23-24 themed “Building Heritage”; Xu Zhengyu: Hong Kong’s “safe haven” advantage highlighted

【10:45】【Manulife 945】Manulife Hong Kong and Macau: Ji Rongdao appointed Deputy CEO, continues as CFO

【10:34】Hang Seng drops over 200 points to 25,678, down 220, with a turnover of HKD 84.9 billion. PetroChina (00857) up 3%, CNOOC (00883) up over 4% to a new high of HKD 29.46.

【10:33】MTR (00066) to announce earnings today, previously fell nearly 3%, low at HKD 34.06.

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

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

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

【10:12】Market again drops about 100 points.

【09:54】【US Tariffs】US initiates new trade investigations on 16 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 up about 10 points, returning to around 25,900.

【09:22】 Hang Seng Index opened 179 points lower at 25,719, with a turnover of HKD 3.67 billion. Tech Index down 0.6% at 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】Hang Seng futures down about 268 points at 25,612.

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

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

【08:08】【IPO】Guanghe Technology (1989) raises up to HKD 3.3 billion, leading PCB manufacturer in mainland China; entry fee HKD 7,261, how high are A-shares?

【07:45】【Regulatory Action】CITIC Securities Hong Kong and Guotai Junan offices raided; Guotai Junan International: takes this seriously, immediately suspends involved employees; suspected involvement of ECM head Pan Ju Peng.

【07:45】【Morning Brief】IEA members agree to release 400 million barrels of emergency oil reserves; CITIC Securities Hong Kong and Guotai Junan offices raided; McDonald’s Kwun Tong officially puts up for sale.

【07:45】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%.