【Hong Kong Stock Market】Hang Seng Index drops 800 points, falls below 25,000; Two Oil Giants retreat 4%; Alibaba drops over 4%; MINIMAX and Zhipu defy the market to rise (updating continuously)

SocialAnxietyStaker · 2026-03-04T03:48:23+00:00

Hong Kong stocks opened lower, down nearly 300 points. The Hang Seng Index is at 25,469 points, with a trading volume of 3.53 billion yuan. Several large-cap stocks such as Alibaba and HSBC fell more than 2%, and market sentiment is weak. The global economy is affected by the Middle East situation, with rising oil prices causing concerns. Overall, the market continues to fluctuate.

SocialAnxietyStaker

2026-03-04 03:48:23

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 points, with a turnover of HKD 3.53 billion. The Tech Index drops 1.2%, at 4,816 points. Alibaba (09988), HSBC (00005) fall 2%, Zijin (02899) drops over 3%, and TechTech (00669) declines nearly half a percent after earnings.

US stock updates are continuously refreshed. For details, see: Next Page

Financial Diary:

▲ Financial Diary

Market Movement:

【11:32】Market drops 800 points, breaking below 25,000.

【11:21】【17】New World Development shares fall over 5%. Bloomberg: Blackstone Group and Zheng family negotiations face obstacles.

【11:04】Market drops about 700 points, low at 25,053, testing support at 25,000.

【11:00】Hang Seng Index down nearly 650 points, at 25,100 level, with HKD 15.23 billion in turnover. The Tech Index falls 1.9%, at 4,783 points.

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

【10:45】Market drops about 560 points, at 25,200 level. Alibaba (09988), HSBC (00005) fall over 3%, CNOOC and Sinopec 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 Lei Jun 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. CNOOC (00883) and Sinopec (00386) fall half a percent and over 3%, respectively.

【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.

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

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

【09:30】Hong Kong stocks open down 500 points.

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

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

【08:24】【669 Blue Chip Earnings】TechTech (00669) profits up 6.8% to USD 1.2 billion, a new high; final dividend up nearly 12% to HKD 1.32.

【08:02】【552 Chip Stocks Earnings】ASMPT profits HKD 900 million, up 1.6 times; total dividends HKD 1.13, up 2.5 times.

【07:45】【Morning Briefing】Islamic Revolutionary Guard: Blockade of 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, at 24,935, closing down 207 points at 25,448. The China concept stock index drops 3.3%, at 6,958. HSBC ADR is 2% lower than Hong Kong.

ADR	Converted HKD	Change from HK market 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】Day 4 of Iran conflict; stock market moves follow Iran news. Due to the Strait of Hormuz blockade, oil prices surged 9.5%, reaching $77.98. Dow Jones drops 1,277 points or 2.6%, low at 47,626. S&P 500 drops 2.5%, low at 6,710. Nasdaq falls 2.7%, low at 22,124. Trump announces insurance guarantees for ships in the Strait, potentially restoring oil flow and stabilizing prices. US stocks’ decline narrows; Dow closes 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.

See US stock market close:

▼Click image to enlarge

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Hong Kong stocks yesterday market overview, details see: 【Hong Kong Stocks 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?

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