Hong Kong Stock Movement | Hang Seng Index Rises Over 100 Points at Midday; Pop Mart Drops Over 20%

SighingCashier · 2026-03-25T07:45:54+00:00

US Reports Plan for One-Month Iran Ceasefire to Negotiate 15-Point Agreement. Asia-Pacific and A-share markets broadly rose, with Hong Kong's Hang Seng Index opening higher in early trading before falling back, then rising again at midday, currently reporting 25209 points. Tech stocks showed mixed performance, with Meituan gaining over 10%, but mainland consumer stocks came under pressure, with Haidilao and Pop Mart stock prices falling sharply.

SighingCashier

2026-03-25 07:45:54

Abstract generation in progress

U.S. reportedly considers a one-month ceasefire and a 15-point agreement with Iran. Asia-Pacific stock markets and A-shares all rose across the board. The Hong Kong stock market continued yesterday’s gains in the first half of the day, but the Hang Seng Index temporarily erased all morning gains and turned downward at midday, falling back to the 25,000-point level before stabilizing. It is currently up about 100 points, fluctuating around the widely watched 250-day moving average (currently at 25,198).

After opening 216 points higher, the Hang Seng Index quickly filled the entire decline gap from Monday. The market surged early, gaining as much as 326 points to a high of 25,390. However, after 10 a.m., the gains gradually narrowed, with only a 9-point increase by midday. The index briefly softened and fell as much as 48 points, reaching a low of 25,015, before rebounding back above the bull-bear line. As of 3:14 p.m., the Hang Seng was up 145 points or 0.58%, at 25,209.

The China Enterprises Index rose 37 points or 0.44%, to 8,537; the Tech Index increased 54 points or 1.12%, to 4,885.

In the tech sector, individual stocks showed mixed performance. The State Market Supervision Administration reposted a commentary from the mainland’s Economic Daily stating that there are no winners in cutthroat competition, and the food delivery war should end. Meituan (03690) surged over 10% in the afternoon, latest up 10.9%, at 87.6 yuan; Alibaba (09988) rose 3.8%, at 127.9 yuan; Tencent (00700) fell 1.8%, at 504.5 yuan; Kuaishou (01024) dropped 0.1% before earnings, at 52.75 yuan; JD.com (09618) increased 3.7%, at 111.2 yuan.

Mainland consumer stocks were under pressure. Haidilao (06862) reported a 14% decline in profit last year, with its stock down 9.9%, at 14.44 yuan; China Resources Beer (00291) fell 2.8%, at 25.28 yuan; Tingyi (00322) declined 1.7%, at 13 yuan; Anta Sports (02020) dropped 1.2%, at 75.65 yuan; Li Ning (02331) fell 1.2%, at 21.74 yuan.

Pop Mart (09992) plunged 21.2% after earnings, currently at 171.2 yuan, making it the worst-performing blue chip so far.

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