【Hong Kong Stock Market】 Hang Seng Index drops 717 points in the first half, falling below 25,000; China Oil and China Petroleum both retreat about 4%; China Life Insurance drops over 6%; MINIMAX and Zhipu defy the market to rise (updating continuously)

2026-03-04 04:17:09

【Hang Seng Index / Hang Seng / HSIC / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks fell more than 700 points in the half-day session, briefly breaking below the 25,000-point mark. The Hang Seng Index opened down 298 points at 25,469, and the decline widened immediately after the market opened, with a maximum drop of 804 points before midday close, reaching 24,963. The Hang Seng Index closed the half-day session down 717 points at 25,051, with a turnover of HKD 20.76 billion. The Tech Index fell nearly 2%, at 4,781 points. China Petroleum (00857) and Sinopec (00386) dropped over 4%, CNOOC (00883) fell nearly 4%, China Life (02628) declined over 6%, and WuXi Biologics (02269) fell nearly half a percent. Zhipu (02513) rose nearly 4% against the trend, and MINIMAX (00100) increased 0.4%.

US stocks are continuously updating. For details, see: Next Page

Financial Diary:

▲ Financial Diary

Market Movement:

【12:00】Hang Seng Index down 717 points in the half-day session, closing at 25,051, with a turnover of HKD 20.76 billion. The Tech Index fell nearly 2%, at 4,781 points. China Petroleum (00857) and Sinopec (00386) dropped over 4%, CNOOC (00883) fell nearly 4%, China Life (02628) declined over 6%, WuXi Biologics (02269) fell nearly half a percent. Zhipu (02513) rose nearly 4%, and MINIMAX (00100) increased 0.4%.

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

【11:21】【17】New World Development stock fell over 5%. Bloomberg reports Blackstone Group and the Cheng family encountered obstacles in negotiations.

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

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

【10:59】Hong Kong Market Analysis｜Korean stocks down another 8%, Japanese stocks down another 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 latest down about 560 points, approaching the 25,200 support level. Alibaba (09988) and HSBC (00005) fell over 3%, CNOOC and Sinopec fell over 2%. MINIMAX (00100) and Zhipu (00100) rose half a percent.

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

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

【09:57】Xiaomi (01810) hit a low of HKD 31.2, then rebounded over 2% against the trend, reaching a high of HKD 32.5.

【09:53】Trump announced insurance guarantees for ships in the Strait of Hormuz, potentially restoring oil transportation and stabilizing oil prices. PetroChina (00857) and CNOOC (00883) fell half a percent each, Sinopec (00386) dropped over 3%.

【09:47】Mistrategy (02440) stock surged 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 the world’s first Pokémon card tokenization fund, limited to professional investors.

【09:46】【700】US reportedly considering whether to allow Tencent to retain its gaming investments. Tencent’s stock price improved against the trend.

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

【09:22】Hang Seng Index opened 298 points lower at 25,469, with HKD 3.53 billion in turnover. The Tech Index fell 1.2%, at 4,816 points. Alibaba (09988) and HSBC (00005) fell 2%, Zijin (02899) dropped over 3%, and HK Tech (00669) declined 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) profit rose 6.8% to a record HKD 1.2 billion, with a final dividend increase of nearly 12% to HKD 1.32.

【08:02】【552 Chip Stocks Earnings】ASMPT (0522) profit was HKD 900 million, up 1.6 times, with total dividends of 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 narrowed; night futures once fell 720 points to 24,935, closing down 207 points at 25,448. China concept stocks fell 3.3%, closing at 6,958. HSBC ADRs are 2% lower than Hong Kong.

| ADR | HKD Equivalent | Change from HK Market Price | | 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:

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【07:30】Fourth day of Iran conflict, stock market moves follow Iran news. 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 announced insurance guarantees for ships in the Strait of Hormuz, potentially restoring oil flow and stabilizing prices. US stocks’ decline 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.

See US stock market close:

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Hong Kong stocks yesterday, for details see: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures close down 207 points, HSBC ADRs are 2% lower.

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