【HK Stock Market Update】Hang Seng Index Opens 104 Points Higher; Yao Tai Securities Resumes Trading with Over 60% Gain; CATL Rises Another 1% Breaking New High, Baidu Falls Over 2% (Continuous Update)

【Hang Seng Index / Hang Seng Index / HS/HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened higher by 100 points. The Hang Seng Index rose 104 points at the open, reaching 25,938, challenging the 26,000 level. Turnover was HKD 3.88 billion. The tech sector increased by 0.5%, at 5,137 points. Yau Tai Securities Finance (01428) resumed trading with a gain of over 64%. Alibaba (09988) increased by 0.9%. CATL (03750) hit a new high, rising over 1%. Baidu (09888) reversed the trend, falling more than 2% against the market.

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Financial Daily:

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Market Overview:

【09:22】 The Hang Seng Index opened up 104 points, at 25,938, challenging the 26,000 mark. Turnover was HKD 3.88 billion. The tech sector rose 0.5%, at 5,137 points. Yau Tai Securities Finance (01428) resumed trading with a gain of over 64%. Alibaba (09988) increased by 0.9%. CATL (03750) hit a new high, up over 1%. Baidu (09888) reversed the trend, falling more than 2%.

【1428】 The National Development and Reform Commission (NDRC) approved Ant Group’s investment in Yau Tai Securities, with trading resuming on March 17.

【09:04】 Hong Kong futures are up about 52 points, at 25,852.

【07:47】【Xi-Trump Meeting】 Trump delays his China visit by about a month, citing ongoing war and clarifying that no tricks are involved.

【07:45】【Morning Highlights】 Jensen Huang predicts that next year’s chip revenue could reach $1 trillion, possibly too conservative. The NDRC approves Ant Group’s investment in Yau Tai Securities. Google will expand Gemini to all Hong Kong users.

【07:45】 Oil prices and the US dollar index continue to decline. Night futures close up 143 points, at 25,894. The China concept stocks’ gains narrowed to 1%, closing at 7,215. Baidu’s US stocks fell 3%.

More Hong Kong ADRs and Chinese concept stock quotes:

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【07:30】 Major oil-producing countries have started releasing strategic reserves, providing short-term supply. However, tensions with Iran remain a concern. Trump stated he has postponed his China visit by about a month, prioritizing the Iran conflict in Washington. The delay reflects Trump’s expectations regarding the duration of the Iran war. The Dow rose 387 points, closing at 46,946. The S&P 500 increased by 1%, at 6,699. The Nasdaq rose 1.2%, at 22,374.

Check US stock market close details:

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Regarding yesterday’s Hong Kong stock market, details can be found at: 【Hong Kong Night Futures + ADR + Northbound Funds】 Night futures closed up 143 points. Baidu US stocks underperformed HK stocks by 3%.

Financial Hot Topics

Is the safe-haven role of gold fading? Are war fears fueling concerns over interest rate hikes?