[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 Index / HSIF / Hang Seng / 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 the early session 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%.

US stock market updates ongoing, details on the next page

Financial Daily:

▼Click image to enlarge

Market Trends:

【13:14】【Regulatory Action】ICAC and SFC joint operation raid 14 locations, arrest 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 increased profit by 1.1% last year, paying a final dividend of 13 cents, with a dividend yield of 7.2%.

【13:00】Hong Kong stocks declined about 339 points in the 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 company’s positive outlook boosts broker confidence, raising profit margins. Goldman Sachs and Citigroup raised target prices.

【12:55】【293 Analysis】Cathay Financial’s half-day stock price down 2.5%. Societe Generale expects valuation re-evaluation; analysts say operational environment remains tough: oil prices are complicating matters.

【12:48】【Hong Kong Market Analysis】 Hang Seng Index drops over 300 points; AI lobster concept stocks continue to retreat. Analysts note: “Lobster” monthly active users are rising sharply, and the hype may not be over.

【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 of HKD 0.2 per share. Hong Kong property market regains momentum.

【12:34】【Swire Properties】Swire Properties’ basic profit last year increased 8.6% year-on-year. Swire A paid a second interim dividend of HKD 2.5, Swire B paid 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 down 319 points in the half-day session, 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, with a turnover of HKD 122.4 billion. The Tech Index down 1.3% to 4,991.

【11:28】【Yuzhou Properties】Yuzhou Properties’ summit forum scheduled for March 23-24, themed “Building Legacy.” Xu Zhengyu: Hong Kong highlights its “safe haven” advantage.

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

【10:34】Hang Seng Index’s decline expands to over 200 points, at 25,678, down 220 points, with a turnover of HKD 84.9 billion. The Tech Index down 0.6% to 5,022. PetroChina (00857) up 3%, CNOOC (00883) up over 4%, hitting a new high of HKD 29.46.

【10:33】MTR (00066) to announce earnings today; prior to release, stock fell nearly 3%, hitting a low of HKD 34.06.

【10:22】【AI+OpenClaw】Morgan Stanley: Large-scale adoption of OpenClaw products in mainland China is doubtful; three major challenges pose significant obstacles.

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

【Stablecoins】HKMA’s first batch of stablecoin licenses: rumored Standard Chartered, HSBC, and OSL shortlisted.

【10:12】Market turns down another 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, rebounding to around 25,900.

【09:22】Hang Seng Index opened 179 points lower, at 25,719, with a turnover of HKD 3.67 billion. The Tech Index down 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】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) plans to raise up to HKD 3.3 billion; leading mainland PCB manufacturer. Entry fee HKD 7,261; A-shares valuation details.

【07:45】【Regulatory Action】CITIC Securities Hong Kong and Guotai Junan International offices raided. Guotai Junan International: takes this seriously, immediately suspends involved employees’ duties and powers. 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 International offices raided. Maokee Kwai Chung officially sells off.

【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%.

| 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) | 133.31 | +0.09% |

More Hong Kong stocks ADRs and Chinese concept stocks quotes:

▼Click image to enlarge

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

See US stock market close for details:

▼Click image to enlarge

Hong Kong stocks yesterday’s market, details at: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures close down 64 points; HSBC ADR high HKD 1%.