[Hong Kong Stock Market] Hang Seng Index halves its decline to 319 points at midday, Brent crude oil rises above $100, CNOOC surges over 3% to hit a new high, Guotai Junan International drops 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 the early session but lacking momentum, then reversing downward again, dropping over 300 points to a low of 25,524. The half-day decline was 319 points, closing at 25,579, with a turnover of 131 billion HKD. The Tech Index fell 1.2% to 4,993. 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%.

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Financial Daily:

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Market Movements:

【12:00】 The Hang Seng Index fell 319 points in the half-day session, closing at 25,579, with a turnover of 131 billion HKD. The Tech Index dropped 1.2% to 4,993. Oil prices rose, Brent crude again 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%, and Guotai Junan International (01788) down 5%.

【11:48】 CATL (03750) rose another 1% against the trend, reaching a new high of 614.5 HKD.

【11:32】 The Hang Seng Index closed the morning session down about 339 points at 25,559, with a turnover of 122.4 billion HKD. The Tech Index fell 1.3% to 4,991.

【11:28】【Yuzhou Xiangjiang】Yuzhou Xiangjiang held the “Building Legacy” Peak Forum from March 23-24, emphasizing “Creating Heritage.” Xu Zhengyu highlighted Hong Kong’s unique advantage as a “Safe Harbor.”

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

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

【10:33】 MTR (00066) will announce earnings today, with a nearly 3% decline beforehand, hitting a low of 34.06 HKD.

【10:22】【AI+OpenClaw】 Morgan Stanley doubts large-scale adoption of OpenClaw products in Mainland China, citing three major challenges.

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

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

【10:12】 The market turned down again, dropping another hundred points.

【09:54】【US Tariffs】 The US has launched a new round of trade investigations on 16 trading partners including China, Japan, South Korea, and Europe, paving the way for new tariffs.

【09:46】 Hong Kong stocks turned higher after opening, with the Hang Seng Index up about 10 points, rebounding to around 25,900.

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

【08:50】【AI+OpenClaw】 The government reiterates “Lobster” safety risks, issuing “Six Musts and Six Don’ts” advice from the Ministry of Industry and Information Technology.

【08:32】【Gold Price Trend】 Gold prices fell 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 3.3 billion HKD, a leading mainland PCB company. Entry fee is 7,261 HKD, with the A-share valuation remaining high.

【07:45】【Regulatory Actions】 CITIC Securities Hong Kong and Guotai Junan International offices were searched. Guotai Junan International stated they take it seriously, immediately suspending involved employees. The search reportedly involves Guotai Junan International ECM executive Pan Jupeng.

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

【07:45】 Iran conflict continues to trouble the market. Night futures closed down 64 points at 25,756, with the Hang Seng China Concepts Index down 0.8% at 7,167. HSBC ADR rose 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 ADRs and Chinese concept stock quotes:

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【07:30】 The US Central Command issued a warning to Iran civilians, stating Iran is using civilian ports along the Strait of Hormuz for military actions, threatening international shipping, and becoming legitimate military targets under international law. Oil prices surged again, Dow Jones down as much as 520 points. The Dow closed at 47,417, down 289; S&P 500 retreated 0.08% to 6,775; Nasdaq rose slightly by 0.08% to 22,716.

See US market close:

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Market summary from the previous day, details at: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures close down 64 points, HSBC ADR high HK, +1%