[Hong Kong Stock Market] Hang Seng Index drops over 200 points early on; CNOOC rises over 4% to hit a new high; Guotai Junan International falls 4% (updating continuously)

【Hang Seng Index / Hang Seng Index / HSIndex / Hang Seng / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened more than 100 points lower. The ongoing Iran conflict continues to trouble the market, with the Hang Seng Index opening down 179 points, at 25,719 points, with a turnover of HKD 3.67 billion. The Tech Index fell 0.6%, to 5,024 points. Alibaba (09988) dropped 2%, Guotai Junan International (01788) fell 4%. Oil prices rebounded, with PetroChina (00857) and CNOOC (00883) both rising over 1%.

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Financial Daily:

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Market Trends:

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

【10:34】Hang Seng Index declines over 200 points, now at 25,678, down 220 points, with HKD 84.9 billion in turnover. The Tech Index fell 0.6%, to 5,022 points. PetroChina (00857) rose 3%, CNOOC (00883) up over 4%, reaching 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: Doubts 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 HKD 12.72.

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

【10:12】Market turns down another 100 points.

【09:54】【US Tariffs】US initiates new 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 market open, with the Hang Seng Index up about 10 points, rebounding to around 25,900.

【09:22】Hang Seng Index opens 179 points lower, at 25,719, with HKD 3.67 billion in turnover. The Tech Index drops 0.6%, to 5,024. Alibaba (09988) down 2%, Guotai Junan International (01788) down 4%. Oil prices rebound, with PetroChina (00857) and CNOOC (00883) both rising over 1%.

【09:09】Hang Seng futures down about 268 points, at 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 decline for the second day, affected by rising oil prices and bleak rate hike outlook

【08:08】【IPO】Guanghe Technology (1989) to raise up to HKD 3.3 billion; Mainland China’s PCB leader; entry fee HKD 7,261; A-shares 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 involving 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 searched | Mak Kee Kwai Chung officially sells

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

| ADR | HKD Equivalent | Change from Hong Kong Close | | Meituan ADR | 76.61 | -1.02% | | Tencent ADR | 556.85 | +0.88% | | HSBC ADR | 134.55 | +1.16% | | Alibaba US Stock | 133.31 | +0.09% |

More Hong Kong ADRs and Chinese concept stock quotes:

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

See US stock market close for details:

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Hong Kong stocks’ performance yesterday, details see: 【Hong Kong Night Futures + ADR + Northbound Funds】Night futures close down 64 points, HSBC ADR up 1% in Hong Kong.