[Hong Kong Stock Market] Hang Seng Index drops over 200 points; BYD opens 4% lower after earnings but briefly rebounds; Alibaba and Tencent fall 2%; Aluminum stocks outperform against the trend (updating continuously)

【Hang Seng Index/Hang Seng Index/HSI/Hang Seng Index/Hong Kong Stocks/Night Futures/ADR】Hong Kong stocks fell over 200 points in the half-day session. The Hang Seng Index opened down 419 points at 24,532 points, dipping as much as 542 points early on to a low of 24,409 points. The HSI fell 232 points to 24,719 points, with a turnover of 154.83 billion HKD, while the Tech Index dropped 1.7% to 4,696 points. Pop Mart (09992) rebounded 2%, BYD (01211) rose 0.1%, ATM fell 1% to 2%, Changfei Fiber Optics (06869) surged over 12%, and aluminum stocks advanced, with Chalco International (02068) climbing 18%.

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Market Trends:

【15:27】Hong Kong stocks fell about 280 points at the market close, reporting 24,670 points, with a turnover of 248 billion HKD. The Tech Index dropped 2.3% to 4,668 points.

【15:16】BYD (1211) saw its stock price open down over 4% but later recovered, reportedly confident of achieving an export volume of 1.5 million vehicles this year, exceeding its previous target by 15%.

【14:43】MIRXES (02629) is set to announce its results the next day, with its stock price rising 40% against the market trend, reaching 17.95 HKD.

【14:30】【Iran Crisis】Citi’s Tom Li-hung: The market fears prolongation of the conflict will continue to pressure stocks, with the dollar’s upward trend affecting the performance of Hong Kong and mainland markets.

【14:25】Sunny Optical (02382) is set to announce its results today, with its stock price declining over 1% ahead of the announcement, dipping to 52.1 HKD.

【14:14】【China Regulation】Market Supervision Administration: Prevent and address “involution” competition in platform economy, photovoltaic, lithium batteries, new energy vehicles, etc.

【14:00】【Iran Crisis】Societe Generale’s Tan Huimin: Global stock markets have yet to see a genuine clearing wave; escalating tensions will make markets more volatile in the short term.

【13:54】Shenzhou International (02313) fell post-results, dropping over 6% in the afternoon to a low of 48.62 HKD.

【13:42】The three major oil companies showed mixed developments; PetroChina (00857) rose over 1% after results, while CNOOC (00883) and Sinopec (00386) fell over 1%.

【13:35】Dah Sing Financial (02356) rose over 4% post-results, while Dah Sing Financial (00440) climbed over 3%.

【13:00】Hong Kong stocks fell about 245 points in the early afternoon, reporting 24,706 points, with a turnover of 156.8 billion HKD; the Tech Index dropped 1.6% to 4,699 points.

【12:55】【Dah Sing Group Results】Dah Sing Bank’s net profit rose 20% last year, with a dividend of 0.49 HKD; Dah Sing Financial earned nearly 23% more and declared a final dividend of 1.42 HKD.

【12:23】【Blue Chip Results】Shenzhou International’s profit fell 6.7% last year, with a final dividend of 1.2 HKD; the industry shows a “strong supply, weak demand” pattern, and Middle Eastern geopolitical conflicts have driven up raw material costs for chemical fibers.

【12:00】The Hang Seng Index fell 232 points, reporting 24,719 points, with a turnover of 154.83 billion HKD; the Tech Index dropped 1.7% to 4,696 points. Pop Mart (09992) rebounded 2%, BYD (01211) rose 0.1%, ATM fell 1% to 2%, Changfei Fiber Optics (06869) surged over 12%, and aluminum stocks advanced, with Chalco International (02068) climbing 18%.

【11:46】Pop Mart (09992) rebounded 1%, reaching a high of 151.5 HKD.

【11:41】Changfei Fiber Optics (06869) rose 11% against the market after results, peaking at 193.7 HKD. Changfei Fiber Optics reported an annual profit of approximately 810 million RMB, up 20.4%, with a final dividend of 0.295 RMB.

【11:10】The market’s decline further narrowed to within 300 points, reporting 24,656 points, down 295 points.

【10:49】Hong Kong stocks stabilized, currently down about 370 points, reporting 24,581 points, with a turnover of 116.3 billion HKD; the Tech Index fell 2.4% to 4,662 points.

【10:34】【9868】Xpeng Motors’ new model MONA M03 will launch on Thursday, with spokesperson Ouyang Nana introducing the new car.

【10:22】The market’s decline expanded to 500 points, with Alibaba (00700) and Tencent (00700) falling over 3%.

【10:06】BYD (01211) opened lower but rose 0.8%, reaching a high of 107.8 HKD.

【10:05】The HSI was down about 435 points, reporting 24,516 points, with a turnover of 76.4 billion HKD; the Tech Index fell 2.6% to 4,654 points.

【09:59】Two Middle Eastern aluminum producers were attacked by Iran over the weekend, causing aluminum prices to soar. China Hongqiao (01378) rose nearly 3%, Chalco (02600) gained over 5%, Rusal (00486) rose 3%, and Chalco International (02068) climbed over 20%.

【09:53】HSBC (00005) fell over 2%, Standard Chartered (02888) dropped 3%, and AIA (01299) fell over 1%.

【09:48】China Construction Bank (00939) remained stable against the market, opening up 0.1%, peaking at 8.11 HKD.

【Domestic Bank Results】Many domestic banks reduced their final dividends, with the largest cut at 16%. A comprehensive overview of major domestic bank performances for 2025 (ongoing updates).

【09:48】Pop Mart (09992) fell again by over 4%, reaching a low of 140.1 HKD.

【9992】Pop Mart’s Wang Ning: Connecting the IP industry chain with artists to build an IP cultural platform; confident that Labubu’s external IP will be well-received by the public.

【9992】Pop Mart’s stock price has fallen for three consecutive days, down 31% overall; they have initiated a buyback of nearly 300 million HKD but with a reduced intensity.

【09:40】Hantian Tiancheng (02726), Jiyuan Vision (06636), Dashi (02526), and Huayan Robotics (01021) listed on their first day, with Hantian Tiancheng opening at 110 HKD, 44.2% higher than the offering price of 76.26 HKD, earning 1,687 HKD per lot of 50 shares. Jiyuan Vision opened at 59.95 HKD, 49.9% higher than the offering price of 40 HKD, earning 997.5 HKD per lot. Dashi opened at 219 HKD, 1.2 times higher than the offering price of 99 HKD, earning 6,000 HKD per lot. Huayan Robotics opened at 16.8 HKD, 1.2% lower than the offering price of 17 HKD, losing 40 HKD per lot of 200 shares.

【IPO Overview】Performance of four newly listed stocks: Dashi 2526 surged 1.2 times, earning 6,000 HKD per lot; Jiyuan Vision 6636 rose 50%, Hantian Tiancheng 2726 increased 40%; Huayan Robotics 1021 opened 1% lower.

【09:30】【Oil Price Trends】Schroders expects high oil prices to persist for a longer time, but the pain is only half that of the peak during the 2007 crisis.

【09:22】The Hang Seng Index opened down 419 points at 24,532 points, with a turnover of 4.21 billion HKD; the Tech Index fell 2.8% to 4,645 points. BYD (01211) fell over 4% post-results, Alibaba (09988) dropped over 3%, China Hongqiao (01378) rose over 6%, and Chalco (02600) increased by 5%.

【BYD Results】BYD ADRs were down 8% in Hong Kong; last year’s profit fell by 19%, with a final dividend of 0.358 RMB.

【08:56】The Hang Seng Index futures fell about 439 points, reporting 24,520 points.

【08:05】【Real Estate Stock 1109 Results】China Resources Land’s net profit fell 0.5% last year to 25.4 billion RMB, with a final dividend reduced by 13.7% to 0.966 RMB.

【07:45】【Morning Briefing】Pakistan: Talks between the U.S. and Iran will be held in the coming days｜Pop Mart’s Wang Ning: Confident that Labubu’s external IP will be well-received by the public.

【07:45】Oil prices continue to rise; night futures closed down 221 points, ending at 24,630 points, with the China concept stock index down 1.9%, closing at 6,593 points. Following BYD’s results, ADRs were down 9% in Hong Kong.

| ADR | Converted HKD | Change from HKD closing price | | BYD ADR | 96.96 | -8.96% | | Meituan ADR | 84.56 | -1.57% | | Tencent ADR | 486.59 | -1.38% | | HSBC ADR | 123.94 | -0.69% | | Alibaba U.S. Stock | 120.01 | -2.11% |

More Hong Kong stock ADRs and Chinese concept stock quotes:

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【07:30】U.S. President Trump stated he would extend the bombing of Iranian power plants by another 10 days, failing to ease market concerns, but rather increasing worries that prolonged conflict could impact oil supply and exacerbate global economic shocks. U.S. stocks fell last Friday, with the Dow closing at 45,166 points, down 793 points, the S&P 500 down 1.67%, and the Nasdaq down 2.15%.

View U.S. stock market closing:

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Hong Kong stock market overview from the previous day, for details see: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures closed down 221 points; BYD ADRs fell below the red line.

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