Hang Seng Index Movement | Morning Session Rebounds Over 200 Points, Meituan Surges 10%

SighingCashier · 2026-03-25T07:30:49+00:00

The US plans to conduct a month-long ceasefire negotiation with Iran, driving US stock futures and Asia-Pacific markets higher. Hong Kong stocks opened higher in the morning session but pulled back later, recovering over 200 points in the afternoon. Performance stocks showed mixed results, with Pop Mart plunging while Nongfu Spring surged. Tech stocks generally rose, with Meituan showing significant gains.

SighingCashier

2026-03-25 07:30:49

Abstract generation in progress

The U.S. reportedly intends to cease fire for one month and negotiate a 15-point agreement with Iran. U.S. stock futures rose, while oil prices declined during Asian trading hours. Asia-Pacific stocks and A-shares all gained, with Hong Kong stocks continuing yesterday’s rally in early trading. However, the early gains nearly evaporated, and the market rebounded in the afternoon, gaining over 200 points.

The Hang Seng Index opened 216 points higher at 25,280, immediately filling the Monday gap. The index then surged, reaching a high of 25,390, up to 326 points. After 10 a.m., the gains gradually narrowed, and by the end of the early session, the index was only up 2 points, hitting a low of 25,066. The Hang Seng closed at 25,073, up 9 points. In the afternoon, the index rebounded over 200 points, returning above the bull-bear line. As of 1:41 p.m., the Hang Seng was at 25,361, up 298 points or 1.19%.

The China Enterprises Index rose 100 points or 1.19%, to 8,600; the Tech Index gained 108 points or 2.25%, to 4,939.

Earnings reports remain the market focus, but performance is mixed. Pop Mart (09992) plunged 13.3% after earnings, currently at HKD 188.4, making it the worst-performing blue chip. Haidilao (06862) profit fell 14% last year, down 9.4%, at HKD 14.49. Nongfu Spring (09633) profit increased 31% last year, up 9.5%, at HKD 46.48, the best-performing blue chip. WH Group (00288) rose 6.1%, to HKD 9.98.

Tech stocks performed well. Meituan (03690), which reports earnings tomorrow, surged 10% in the afternoon, to HKD 86.9. Alibaba (09988) increased 2.7%, to HKD 126.5. Tencent (00700) fell 1.1%, to HKD 508.5. Kuaishou (01024) rose 0.3% before earnings, to HKD 52.95. JD.com (09618) gained 2.9%, to HKD 110.3. Baidu (09888) dropped 2%, to HKD 110.3.

HSBC (00005) rose 0.6%, to HKD 124.3. China Mobile (00941) declined 0.3%, to HKD 77.8.

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