[Hong Kong Stock Market] Hang Seng Index drops over 500 points, China Oil and Petrochemical giants retreat 2%, MINIMAX and Zhipu rise half a percent against the trend (updating continuously)

SocialAnxietyStaker · 2026-03-04T03:04:18+00:00

Hong Kong stocks opened 298 points lower, with the Hang Seng Index at 25,469 points, and a turnover of 3.53 billion yuan. Alibaba, HSBC, and Zijin all declined. Amid fluctuations in the US stock market and the impact of Middle East tensions, the market remains cautious about oil prices and economic prospects. Xiaomi and Tencent's stock performance was relatively better.

SocialAnxietyStaker

2026-03-04 03:04:18

Abstract generation in progress

【Hang Seng Index / Hang Seng / HSIC / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks open nearly 300 points lower. The Hang Seng Index opens down 298 points, at 25,469, with a turnover of HKD 3.53 billion. Tech stocks fall 1.2%, at 4,816 points. Alibaba (09988), HSBC (00005) drop 2%, Zijin (02899) falls over 3%, and Techtronics (00669) drops nearly half a percent after earnings.

US market updates ongoing, details on the next page

Financial Daily:

▲ Financial Daily

Market Trends:

【10:59】Hong Kong Market Analysis | Korean stocks fall another 8%, Japanese stocks drop 4% again, becoming “fund withdrawal machines” | Hang Seng Index’s decline relatively smaller | Guotai Junan: Hong Kong stocks have “immunity” to the conflict

【10:45】Major indices drop about 560 points, down to the 25,200 level. Alibaba (09988), HSBC (00005) fall over 3%, China’s two oil giants drop over 2%. MINIMAX (00100), Zhipu (00100) rise half a percent.

【10:13】【Hong Kong Economy】S&P Global February Hong Kong PMI rises to 53.3, improving for 7 consecutive months

【10:10】【1810】Xiaomi’s Lin Bin reportedly invests in NFL Miami Dolphins, valuation at $12.5 billion

【09:57】Xiaomi (01810) hits a low of HKD 31.2, then rebounds over 2% to a high of HKD 32.5

【09:53】Trump announces insurance guarantees for ships in the Strait of Hormuz, potentially restoring oil shipments and stabilizing prices. China’s two oil giants, PetroChina (00857) and CNOOC (00883), fall half a percent; Sinopec (00386) drops over 3%.

【09:47】Mistrategy (02440) stock rises over 18% against the trend, reaching HKD 2.08. Recently launched the world’s first Pokémon card tokenization fund, available only to professional investors (PI).

【Alternative Investment】Mistrategy launches world’s first Pokémon card tokenization fund, limited to professional investors

【09:46】【700】US reportedly considers allowing Tencent to retain its gaming investments; Tencent’s stock rises against the trend

【09:30】Hong Kong stocks open and immediately fall 500 points.

【09:22】Hang Seng Index opens down 298 points, at 25,469, with HKD 3.53 billion in turnover. Tech stocks fall 1.2%, at 4,816. Alibaba (09988), HSBC (00005) drop 2%, Zijin (02899) over 3%, Techtronics (00669) nearly half a percent after earnings.

【08:59】Hang Seng futures down about 267 points, at 25,493.

【08:24】【669 Blue Chip Earnings】Techtronic Industries (00669) annual profit up 6.8% to a record HKD 1.2 billion; final dividend up nearly 12% to HKD 1.32

【08:02】【552 Chip Stocks Earnings】ASMPT (052) profit HKD 900 million, up 1.6 times; total dividend HKD 1.13, up 2.5 times

【07:45】【Morning Briefing】Islamic Revolutionary Guard: Blockade of the Strait of Hormuz | Are Asian countries facing an oil crisis?

【07:45】Rising oil prices will severely impact the global economy. Trump seeks measures to lower oil prices. Global stock markets’ declines narrow; night futures once down 720 points, low at 24,935, closing down 207 points at 25,448. China concept stocks down 3.3%, at 6,958. HSBC ADR is 2% lower than Hong Kong.

| ADR | HKD Equivalent | Change from Hong Kong Close | | Meituan ADR | 74.89 | -1.00% | | Tencent ADR | 502.83 | -1.50% | | HSBC ADR | 133.46 | -1.72% | | Alibaba US Stock | 132.29 | -1.86% |

More Hong Kong ADRs and Chinese concept stock quotes:

▼Click image to enlarge

【07:30】Fourth day of Iran conflict, stock market moves follow Iran’s situation. Due to the blockade of the Strait of Hormuz, oil prices surged 9.5%, reaching $77.98. Dow Jones dropped 1,277 points or 2.6%, low at 47,626. S&P 500 fell 2.5%, low at 6,710. Nasdaq dropped 2.7%, low at 22,124. Trump’s insurance guarantees for ships in the Strait of Hormuz may restore oil flow and stabilize prices. US stocks’ declines narrowed; Dow closed down only 403 points or 0.8%, at 48,501. S&P 500 down 0.9%, at 6,816. Nasdaq down 1%, at 22,516.

Check US market close:

▼Click image to enlarge

+10

Hong Kong stocks yesterday, for details see: 【Hong Kong Night Futures + ADR + Northbound Funds】 Night futures close down 207 points, HSBC ADR down 2% compared to Hong Kong close

Financial Hot Talk

Middle East conflict threatens oil supply. Will oil prices break $100? Could this impact the global economy?

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes