【Hong Kong Stock Night Futures + ADR + Northbound Capital】 Night futures close down 17 points; Baidu U.S. stocks are 5% lower than Hong Kong stocks（updating continuously）

▼Click the picture to enlarge

						+7
				

				


	
	
	
	
	

						+6

【Hang Seng Index / Hang Seng Index / HSI / Hang Seng / HSI / Hang Seng Index / Hong Kong Stocks / Night Futures / ADR】 Night futures close down 17 points, at 26,250 points. China concept stock index drops 0.5%, closing at 6,994 points. Baidu rose nearly 6% in Hong Kong but did not follow the upward trend in U.S. stocks, closing 5% lower in Hong Kong.

| ADR | Converted HKD | Change from Hong Kong close | | Baidu US Stock | 138.08 | -4.90% | | Meituan ADR | 83.56 | -0.58% | | Tencent ADR | 468.50 | -0.62% | | HSBC ADR | 141.22 | +1.82% | | Alibaba US Stock | 137.11 | -1.36% |

Northbound funds bought 13.2 billion on Friday, net inflow for the day. Funds bought Kuaishou (01024) and the Link REIT (02800), with net inflows of 13.17B and 139.2B respectively. Alibaba (09988) also attracted 270.2B in funds; Xiaomi (01810) and Longfei Fiber (06869) saw outflows of 148.1B and 200 million yesterday.

					▼Click the picture to enlarge
					

				


	
	
	
	
	

				

				


	
	
	
	
	

				

				


	
	
	
	
	

						+2

Hang Seng Index drops 232 points, Baidu reverses trend up 5%, Kuaishou up over 9%, chip stocks decline, SMIC drops over 4%

Hong Kong stocks fell over 200 points. Iran situation fluctuates; Hang Seng Index opened down 266 points at 26,359, then fell as much as 351 points to a low of 26,274. In the afternoon, the decline slightly narrowed, ending down 232 points at 26,393, with a turnover of 279.75 billion HKD. The Tech Index fell 0.4% to 5,102 points. Baidu (09888) rose over 5% against the trend, Kuaishou (01024) up over 9%, chip stocks declined, SMIC (00981) fell over 4%, Hua Hong Semiconductor (01347) down over 7%. Financial stocks HSBC (00005) fell 3%, AIA (01299) also declined nearly 3%.

			▲【Hong Kong Stocks Close】Hang Seng Index down 232 points, Baidu up 5% against the trend, Kuaishou up over 9%, chip stocks down, SMIC down over 4% (Updating)

				

					▼Click the picture to enlarge
					

				


	
	
	
	
	

				

				


	
	
	
	
	

				

				


	
	
	
	
	

						+11
				

				


	
	
	
	
	

						+10

US stocks ongoing updates, see: Next page

					▼Click the picture to enlarge
					

				


	
	
	
	
	

				

				


	
	
	
	
	

				

				


	
	
	
	
	

						+3
				

				


	
	
	
	
	

						+2

Market Trends:

【19:10】Northbound funds bought 13.2 billion on Friday, net inflow for the day. Funds bought Kuaishou (01024) and the Link REIT (02800), with net inflows of 145.54B and 970 million respectively. Alibaba (09988) also attracted 390 million; Xiaomi (01810) and Longfei Fiber (06869) saw outflows of 540 million and 200 million yesterday.

【16:10】Hang Seng Index finally closed down 232 points, at 26,393, with a turnover of 279.75 billion HKD. The Tech Index fell 0.4% to 5,102 points. Baidu (09888) rose over 5%, Kuaishou (01024) up over 9%, SMIC (00981) down over 4%, Hua Hong Semiconductor (01347) down over 7%. HSBC (00005) fell 3%, AIA (01299) also declined nearly 3%.

【16:06】【AI + Chips】US reports suspect Thai company smuggling NVIDIA chips to Alibaba

【16:00】Hang Seng Index futures fell 214 points, at 26,411, with a turnover of 2,702 billion HKD.

【14:52】Market decline narrowed slightly to within 200 points, Baidu (09888) rose nearly 6%, Kuaishou (01024) up over 8%.

【14:39】【Iran Crisis】Three Middle Eastern banks, including the UAE’s largest bank, reportedly plan to establish or expand operations in Hong Kong, possibly at the Changjiang Center Phase II.

【13:20】Macau (00880) fell nearly 4% after earnings, hitting a low of 2.01 HKD.

【880】Macau’s first quarter turned to a loss of 62 million HKD, with adjusted EBITDA down 4.3%, gaming net revenue down 22.8%.

【13:20】Baidu (09888) rose nearly 4%, Kuaishou (01024) up 3%.

【13:40】Market maintained nearly 300-point decline. Hang Seng Index down 285 points, at 26,340.

【13:22】AI trio Zhi Pu (02513) fell 50%, MINIMAX (00100) down over 8%, Xunce (03317) down over 4%.

【13:11】【669 Analysis】Chuangke retraced over 2%, previously surged 10% yesterday. Analysis: Benefiting from AI trend, but slow transformation makes direct investment in top AI players better.

【13:00】Hang Seng Index in the afternoon dropped about 280 points, at 26,344, with a turnover of 1,481 billion HKD. Tech stocks down 1.1%, at 5,067 points.

【12:06】【ETP】Hong Kong leveraged inverse products listed on “World One”! Southern Hailo 2x 7709AUM over 40 billion, first-quarter daily trading volume hits new high.

【12:06】【9992 Analysis】Pop Mart backed by “Chinese stock god” Zeng Yongping, previously up 8%. Analysis: Zeng Yongping just helped out; Q4 results look promising, rebuilding confidence takes time.

【12:00】Half-day: Hang Seng down 289 points, at 26,337, with a turnover of 1,455.4 billion HKD. Tech stocks down, SMIC (00981) down over 4%, Hua Hong Semiconductor (01347) down nearly 10%, HSBC (00005) and AIA (01299) down over 2%, Baidu (09888) up over 3%, Pop Mart (09992) up half a percent.

【11:42】Hang Seng mid-day close down about 337 points, at 26,288, with a turnover of 1,392 billion HKD. Tech index down 1.4%, at 5,050.

【11:41】【Hong Kong Stocks Analysis】Hang Seng down over 300 points. Wen Jie: 26,600 is an “invisible curse”. If Tencent’s earnings beat expectations, it may at least return to 5,000.

【11:11】【New IPO】“AI Six Little Tigers” leap to Xingchen, reportedly to complete nearly $2.5 billion financing. Rumors: dismantling red-chip structure, accelerating Hong Kong IPO.

【10:47】【1810】Xiaomi stock up over 1%, reaching 5.48 HKD. Xiaomi Auto accelerates overseas expansion, vice president also leads overseas business prep team, launching new independent brand “Xuntian”.

【10:34】Meitu (01357) up over 12%, reaching 5.48 HKD.

【10:32】Pop Mart (09992) previously up 8%, reaching 175.4 HKD, now at 172.1 HKD, up 6%. “Chinese Buffett” Zeng Yongping recently said: “I’ve swapped my Shenhua for Pop Mart.”

【10:31】Baidu (09888) still up over 2%, reaching 142.9 HKD.

【New IPO】Baidu’s Kunlun Chip begins listing counseling on STAR Market. News: proceeding with Hong Kong listing as usual, paving the way for “A+H”.

【09:55】SMIC (00981) down nearly 50%, Hua Hong Semiconductor (01347) down 6%.

【09:37】Market down over 300 points, at 26,300.

【09:35】Pop Mart (09992) up 5% after opening, reaching 171.8 HKD.

【09:22】Hang Seng Index opened 266 points lower, at 26,359, with a turnover of 4.64 billion HKD. Tech stocks down, HSBC (00005) and AIA (01299) down over 2%, Baidu (09888) up nearly 3%, CNOOC (00883) up 0.8%.

【09:14】Hang Seng futures down 261 points, at 26,371.

【08:52】【Xi-Trump Meeting】Reports say Trump’s China visit schedule is proceeding as planned. Blackstone and Citi CEOs reportedly to attend the summit with the visit.

【08:36】【1128】Wynn Macau Q1 adjusted property EBITDAR up 10.9% YoY, operating income up 14.2%.

【08:00】【New IPO】Yifei Technology 6871 raises 750 million HKD, industrial robot tech company, with a minimum entry fee of about 3,081 HKD.

【07:45】【Morning Briefing】US and Iran clash in the Strait of Hormuz｜Trump’s latest 10% tariffs ruled illegal｜Alibaba earnings preview

【07:45】Iran situation fluctuates; night futures close down 230 points, at 26,285, China concept stock index down 1.4%, at 7,027, HSBC ADR 2.6% lower than HK.

| ADR | Converted HKD | Change from Hong Kong close | | Meituan ADR | 83.50 | -0.89% | | Tencent ADR | 474.83 | -0.54% | | HSBC ADR | 139.38 | -2.60% | | Alibaba US Stock | 138.06 | -2.02% |

More Hong Kong ADRs and China concept stock quotes:

					▼Click the picture to enlarge
					

				


	
	
	
	
	

				

				


	
	
	
	
	

				

				


	
	
	
	
	

						+7
				

				


	
	
	
	
	

						+6

【07:30】US and Iran clash again in the Strait of Hormuz; US reportedly launched strikes on Iranian Gasham and Abadan ports. Axios reports US targeted Iranian sites in the Strait, but the strikes do not mean a restart of war. Dow and Nasdaq continued to hit new highs early, then declined due to Middle East tensions, with the Dow dropping 422 points to 49,487, the S&P 500 down 0.6% to 7,321, and Nasdaq down 0.5% to 25,713. The Dow closed down 313 points at 49,596, the S&P 500 down 0.4% at 7,337, and Nasdaq down 0.1% at 25,806.

See US stock market close:

					▼Click the picture to enlarge
					

				


	
	
	
	
	

				

				


	
	
	
	
	

				

				


	
	
	
	
	

						+10
				

				


	
	
	
	
	

						+9

Hong Kong stocks yesterday, details see: 【Hong Kong Night Futures + ADR + Northbound Funds】 Night futures close down 230 points, HSBC ADR 2.6% lower than HK.