[Hong Kong Stock Market Close] Hang Seng Index drops 201 points; CCB and ICBC rise nearly 2% to break new highs; Tencent falls over 2%, Alibaba down more than 1% (updating continuously)

【Hang Seng Index/HSI/Hang Seng Index/HK Stocks/Night Futures/ADR】The Hong Kong stock market fell by about 200 points. The Hang Seng Index opened down 419 points at 24,532 points, and at one point during the morning session, it fell by as much as 542 points, hitting a low of 24,409 points. Subsequently, the decline stabilized, and the Hang Seng Index closed down 201 points at 24,750 points, with a turnover of 285.44 billion HKD. The Tech Index fell 1.8% to 4,690 points. Tencent (00700) fell over 2%, Alibaba (09988) fell over 1%, while China Construction Bank (00939) and Industrial and Commercial Bank of China (01398) rose nearly 2% to set new highs. Zijin Mining International (02259) rose over 3%, while aluminum stocks rose against the trend.

U.S. stock market updates are ongoing, for details please see: Next Page

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Real-time market trend:

【16:11】The Hang Seng Index closed down 201 points at 24,750 points, with a turnover of 285.44 billion HKD. The Tech Index fell 1.8% to 4,690 points. Tencent (00700) fell over 2%, Alibaba (09988) fell over 1%, while China Construction Bank (00939) and Industrial and Commercial Bank of China (01398) rose nearly 2% to set new highs. Zijin Mining International (02259) rose over 3%, while aluminum stocks rose against the trend.

【16:00】The Hang Seng Index fell 215 points before the close, reporting 24,736 points, with a turnover of 274.15 billion HKD.

【15:27】The Hong Kong stock market fell by about 280 points in the late session, reporting 24,670 points, with a turnover of 248 billion HKD. The Tech Index fell 2.3% to 4,668 points.

【15:16】【1211】BYD’s stock price opened down over 4% but later rebounded. Reports indicate that BYD is confident it will achieve an export volume of 1.5 million vehicles this year, exceeding the previous target of 15%.

【14:43】MIRXES (02629) will announce its results tomorrow, and its stock price rose against the trend by 40%, reaching a high of 17.95 HKD.

【14:30】【Iran Crisis】Guangzheng International’s Tong Lihong: The market is worried that the war will drag on, leading to continued selling of stocks. The strength of the dollar is affecting the performance of the Hong Kong and mainland stock markets.

【14:25】Sunny Optical Technology (02382) will announce its results today, and its stock price fell over 1% before the announcement, hitting a low of 52.1 HKD.

【14:14】【Chinese Regulation】The State Administration for Market Regulation: Preventing and controlling “involution-style” competition in platform economics, photovoltaics, lithium batteries, and new energy vehicles.

【14:00】【Iran Crisis】Natixis’ Tan Huimin: The global stock market has not yet experienced a real liquidation wave. The escalating situation will cause more volatility in the stock market in the short term.

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

【13:42】The three major oil companies had mixed performances. PetroChina (00857) rose over 1% against the trend after its results, while CNOOC (00883) and Sinopec (00386) fell over 1%.

【13:35】Dah Sing Financial (02356) rose over 4% after its results, and Dah Sing Financial (00440) rose over 3%.

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

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

【12:23】【Blue Chip Results】Shenzhou International earned 6.7% less last year, with a final dividend of 1.2 HKD. The industry is in a “strong supply, weak demand” pattern, and conflicts in the Middle East have pushed up the costs of chemical fiber raw materials.

【12:00】The Hang Seng Index fell 232 points in the half-day, reporting 24,719 points, with a turnover of 154.83 billion HKD. Pop Mart (09992) rebounded by 2%, BYD (01211) stabilized, rising 0.1%. ATM fell 1% to 2%, while Changfei Optical Fiber (06869) rose over 12%. Aluminum stocks rose, with Chalco International (02068) up 18%.

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

【11:41】Changfei Optical Fiber (06869) rose 11% against the trend after its results, hitting a high of 193.7 HKD. Changfei Optical Fiber’s annual profit was about 810 million RMB, up 20.4%, with a final dividend of 0.295 RMB.

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

【10:49】The Hong Kong stock market stabilized in decline, 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 be launched on Thursday, with spokesperson Ouyang Nana introducing the new car.

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

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

【10:05】The Hang Seng Index is currently 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 surge. China Hongqiao (01378) rose nearly 3%, Chalco (02600) rose over 5%, Rusal (00486) rose 3%, and Chalco International (02068) rose over 20%.

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

【09:48】China Construction Bank (00939) remained stable against the trend, rising 0.1% early, hitting a high of 8.11 HKD.

【Domestic Bank Stock Results】Several domestic banks reduced their final dividends, with the highest reduction reaching 16%. A comprehensive view of the large domestic bank stocks’ performance in 2025 (ongoing updates).

【09:48】Pop Mart (09992) fell again by over 4%, hitting 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%. They have also spent nearly 300 million HKD on buybacks, but the intensity has “halved.”

【09:40】Hantian Technology (02726), Jiguang (06636), Deshi (02526), and Huayan Robotics (01021) all had their first day of trading. Hantian Technology opened at 110 HKD, which is 44.2% higher than the offer price of 76.26 HKD. Calculating by 50 shares per lot, one lot earns 1,687 HKD. Jiguang opened at 59.95 HKD, which is 49.9% higher than the offer price of 40 HKD, earning 997.5 HKD per lot. Deshi opened at 219 HKD, which is 1.2 times higher than the offer price of 99 HKD, earning 6,000 HKD per lot. Huayan Robotics opened at 16.8 HKD, which is 1.2% lower than the offer price of 17 HKD, with a loss of 40 HKD per lot.

【New IPO Stocks】Overview of the performance of 4 new stocks on their first day. Deshi 2526 rose 1.2 times, earning 6,000 HKD per lot. Jiguang 6636 rose 50%, and Hantian Technology 2726 rose 40%. Huayan Robotics 1021 opened down 1%.

【09:30】【Oil Price Trend】Schroders expects high oil prices to last longer, but the pain level 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% after its results, Alibaba (09988) fell over 3%, while China Hongqiao (01378) rose over 6% against the trend, and Chalco (02600) rose 5%.

【1211 Results】BYD’s ADR fell 8% in Hong Kong. Last year, it earned 19% less, 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】【Domestic Property Stocks 1109 Results】China Resources Land’s net profit decreased by 0.5% last year to 25.4 billion RMB, with a final dividend cut by 13.7% to 0.966 RMB.

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

【07:45】The rise in oil prices continues, with night futures closing down 221 points, reporting 24,630 points. The China concept stock index fell 1.9%, closing at 6,593 points. After BYD’s results, the ADR fell 9% in Hong Kong.

| ADR | Converted to HKD | Change from Hong Kong 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 ADR and China concept stock quotes:

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【07:30】U.S. President Trump stated that the bombing of Iranian power plants would be extended by another 10 days, which did not ease market concerns. On the contrary, worries about the prolonged conflict affecting oil supply intensified the global economic impact. The U.S. stock market 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%.

Check U.S. stock market closing:

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For details on the previous day’s Hong Kong stock market situation, please see: 【Hong Kong Stock Night Futures + ADR + Northbound Capital】Night futures closed down 221 points, BYD ADR fell below the red line.

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