【Hong Kong Stock Market】 Hang Seng Index rises over 400 points, Tencent up over 6%, MINIMAX up another 20% to see 1200 yuan, CATL rises 9% after earnings (updating continuously)

2026-03-10 06:03:06

Hong Kong stocks rebounded nearly 400 points in the first half of the day. U.S. President Trump told foreign media that the war is almost over, and there is hope for it to end. Oil prices fell, leading to a strong opening of the Hang Seng Index with a 331-point increase, opening at 25,740 points. It then fluctuated higher, reaching a maximum of 464 points, with a high of 25,872 points. The Hang Seng Index rose 396 points in the first half, closing at 25,804 points, with a turnover of HKD 172.01 billion. The Tech Index gained 1.4%, closing at 7,120 points. Tencent (00700) surged over 5%, CATL (03750) rose over 7% after earnings, Zhipu (02513) increased nearly 7%, MINIMAX (00100) rose over 9%, reaching a new high of HKD 1,148 since listing. Financial stocks rebounded, HSBC (00005) and AIA (01299) up 3%. Oil prices retreated, PetroChina (00857) fell over 2%, CNOOC (00883) declined 1%.

U.S. stock updates are continuously refreshed. See details on the next page.

Financial Daily:

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Market Trends:

【13:55】MINIMAX (00100) latest up 20%, surpassing HKD 1,200, reaching a high of HKD 1,208.

【13:52】【Hong Kong Stock Analysis】HK stocks rose over 400 points in the first half, approaching the 10-day moving average. CATL surged 9% after earnings, the strongest among blue chips. Optimism about ending the Iran conflict. Analysis: Northbound funds inflow into the Tech Index is a positive signal.

【13:32】Kingsoft Cloud (03896) retraced, down over 4%, low of HKD 6.93.

【13:26】【1286 Earnings】Yingpu Precision’s post-earnings gain narrowed sharply, profit increased nearly 13% last year, dividend of HKD 0.08, with sales growth accelerating in the next 2-3 years.

【13:19】【AI+100】MiniMax stock hit a new high of HKD 1,148, benefiting from the mainland craze for OpenClaw. Industry outlook remains positive; caution advised against misbuying stocks.

【13:05】Nine Estates (01997) up over 3% after earnings, reaching a high of HKD 27.86 in early afternoon.

【13:03】Hang Seng Index in early afternoon up about 441 points, at 25,850, with HKD 177.5 billion in turnover. Tech Index up 1.7%, at 5,028.

Tencent (00700) rose over 6% in early afternoon, reaching HKD 550.

【12:37】【Liwen Paper】Liwen Paper last year earned 47.8% more, final dividend increased to HKD 0.093.

【12:31】【1997 Earnings】Nine Estates turned to a net loss of HKD 4.26 billion last year, with core net profit up 5%, dividend increased by 10% to HKD 0.66.

【12:24】【Liwen Industry】Liwen Cultural Engineering earned 15.8% more last year, with a final dividend of HKD 0.14.

【12:00】 Hang Seng Index rose 396 points in the first half, at 25,804, with HKD 172.01 billion in turnover. Tech Index up 1.4%, at 7,120. Tencent (00700) surged over 5%, CATL (03750) up over 7% after earnings, Zhipu (02513) increased nearly 7%, MINIMAX (00100) rose over 9%, reaching a new high of HKD 1,148. Financial stocks rebounded, HSBC (00005) and AIA (01299) up 3%. Oil prices retreated, PetroChina (00857) fell over 2%, CNOOC (00883) declined 1%.

【11:48】3750 earnings analysis | CATL’s Q4 profit exceeded expectations; broker: easing concerns over lithium cost increases.

【11:35】Longfor Fibernet (06869) up 12%, high of HKD 162.

【11:20】Hang Seng Index extended gains to over 400 points, at 25,838, up 430 points, with HKD 146.9 billion in turnover. Tech Index up 1.6%, at 5,021.

【11:15】Tencent (00700) increased to over 5%, high of HKD 542.5.

【11:09】【AI+9988】Alibaba DingDing now connects to OpenClaw, offering unlimited free call quotas.

【11:05】【HSBC】HSBC cancels WFH arrangements for Hong Kong customer-facing staff.

【10:47】Market gain narrowed to 208 points, at 25,617, with HKD 117.6 billion in turnover. Tech Index up 0.4%, at 4,962.

【10:41】Zijin (02899), Zijin Gold International (02259) up 3%; Zhaojin (01818) up nearly 2%; Lingbao Gold (03330) up over 5% to break new high; Shandong Gold (01787) up over 1%.

【Iran Crisis】Trump says the war will end soon; gold prices stabilize and rebound.

【10:41】Local banks | Fubon Hong Kong last year earned 52% more, benefiting from increased revenue and reduced impairment losses.

【10:21】【HSBC】HSBC launches “HSBC Teens” financial management service for clients aged 11-17; opening an account now could win an iPhone 17 Pro.

【10:06】CATL (03750) up over 9%, high of HKD 552.

【09:54】HSBC (00005) rebounded over 3%, AIA (01299) up over 2%, Standard Chartered (02888) up half a percent.

【09:53】【AI+700】Tencent stock up 3%; “Tencent Xiaolongxia” WorkBuddy service experiencing instability due to popularity, now fixed.

【09:52】【AI+2513】Zhipu officially launched AutoClaw, deployable locally in one minute; stock once soared 15% to HKD 666.

【09:42】Hong Kong stocks opened with about 415 points higher, returning to around 25,800.

【09:32】Baiqin Oil Services (02178), Shandong Molong (00568), China-Hong Kong Petroleum (00632) all fell over 20-30%.

【09:28】【IPO】Megatech (3268) opened 0.6% higher, earning HKD 18 per lot; oversubscribed 173 times, 5% chance of winning.

【09:22】 Hang Seng Index rebounded with a 331-point gain, opening at 25,740, with HKD 5.23 billion in turnover. Tech Index up 2%, at 5,040. CATL (03750) rose 6% after earnings; oil prices fell, with two oil giants retreating 3% and 4%. Zhipu (02513) up over 12%, MINIMAX (00100) near half a percent, reaching HKD 1,046, a new high.

【3750 Earnings】 CATL last year earned over 42% more, paying HKD 69.57 per 10 shares.

【09:07】Hong Kong Futures opened about 228 points higher, at 25,613.

【08:49】【Rights Issue】Black Sesame Smart offers a 2% discount to raise HKD 630 million for next-gen high-performance chips and market expansion.

【07:45】【Morning Brief】CATL’s profit increased over 42% last year; using AI may not improve efficiency but cause “brain burn”; HSBC app introduces integrated red book service, with a chance to win a gold passbook.

【07:45】War is expected to end soon, oil prices fall, U.S. stocks rebound. Night session closes up 103 points, at 25,370. China concept stocks index up 1.8%, at 7,083. JD.com U.S. stocks up 2%.

ADR	HKD Equivalent	Change from HK Market Close
Meituan ADR	79.92	+1.55%
Tencent ADR	523.96	+1.54%
HSBC ADR	133.71	+2.93%
Alibaba (U.S. stock)	129.66	+0.75%

More Hong Kong stocks ADRs and Chinese concept stocks quotes:

【07:30】U.S. President Trump told foreign media that the war is nearly over. The Dow initially fell 886 points to 46,615, the S&P 500 dropped 1.5% to 6,636, and the Nasdaq fell 1.5% to 22,061. However, the Dow closed up 239 points at 47,740, the S&P 500 rose 0.8% to 6,795, and the Nasdaq gained 1.4% to 22,695.

See U.S. stock market close:

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Hong Kong stocks yesterday, for details see: 【Hong Kong Night Futures + ADR + Northbound Funds】 JD U.S. stocks and Hong Kong up 2%, night session closed up 103 points

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