--- title: "In the Hong Kong stock market, the Hang Seng Index fell 74 points in the first half of the day, PetroChina rose 4%, and Shandong Molong surged 59%" type: "News" locale: "en" url: "https://longbridge.com/en/news/277561989.md" description: "The Hong Kong stock market showed a mixed and slightly weak performance in the morning session, with the Hang Seng Index down 74 points or 0.3%, reporting at 25,985 points. The National Index fell by 26 points, and the Hang Seng Tech Index dropped by 50 points. The total turnover was HKD 187.565 billion. PetroChina rose by 4%, and Shandong Molong increased by 59%. Other oil stocks had mixed performances, gold and silver stocks generally declined, while technology stocks showed a mix of gains and losses" datetime: "2026-03-03T04:36:26.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277561989.md) - [en](https://longbridge.com/en/news/277561989.md) - [zh-HK](https://longbridge.com/zh-HK/news/277561989.md) --- # In the Hong Kong stock market, the Hang Seng Index fell 74 points in the first half of the day, PetroChina rose 4%, and Shandong Molong surged 59% The conflict between the U.S. and Iran has intensified, leading to declines in overseas stock markets. The Hong Kong stock market opened weakly in the morning. The Hang Seng Index opened 130 points higher, initially rising 159 points to 26,218 points before falling, dropping 151 points to 25,907 points. By midday, it was down 74 points or 0.3%, closing at 25,985 points; the National Index fell 26 points or 0.3%, closing at 8,675 points; the Hang Seng Tech Index dropped 50 points or 1%, closing at 4,938 points. The total turnover of the market at midday was HKD 187.565 billion. Natural gas stock Kunlun Energy (00135.HK) rose 3.2%, while oil stocks Sinopec (00386.HK) fell 1.8%, and PetroChina (00857.HK) and CNOOC (00883.HK) rose 4% and 2.3%, respectively. Oil equipment stock Shandong Molong (00568.HK) surged 59% at midday, with a turnover of HKD 7.88 billion. Oil service stock CNOOC Services (02883.HK) rose 3.8%, and tanker stock COSCO Shipping Energy (01138.HK) rose 6.6%. The Baltic Dry Index continued to rise, with shipping stocks Orient Overseas (00316.HK) and COSCO Shipping Holdings (01919.HK) rising 3.3% and 4.9%. Gold and silver stocks declined, with China Silver (00815.HK), Zhaojin (01818.HK), and Zijin Mining (02899.HK) falling 3.6% to 4.6%. China Gold International (02099.HK) and Zijin Gold International (02259.HK) fell 5.9% and 5.6%. Commodity stocks Jiangxi Copper (00358.HK) and Minmetals Resources (01208.HK) fell 5.9% and 7.3%. In the technology sector, Tencent (00700.HK), Alibaba (09988.HK), JD.com (09618.HK), Baidu (09888.HK), and Bilibili (09626.HK) rose 0.1% to 0.7%, while NetEase (09999.HK) rose 2.6%. Kuaishou (01024.HK) and Meituan (03690.HK) fell 0.2% and 1.2%. Additionally, Dongfang Zhenxuan (01797.HK), Chinasoft (00354.HK), and GDS Holdings (09698.HK) fell 3.7% to 4.3%, while Inspur (03696.HK) fell 3%. Zhizhu (02513.HK) and MiniMax (00100.HK) rose 4.7% and 17.8%. Chip stocks SMIC (00981.HK) and Hua Hong (01347.HK) fell 1.9% and 2.7%. Mobile component stocks GoerTek (01415.HK) and Q Technology (01478.HK) fell 3.3% and 3%, while AAC Technologies (02018.HK) fell 6.3%. In the automotive sector, BYD (01211.HK) retreated 2.2%, Xiaomi (01810.HK) fell 3%, and Leapmotor (09863.HK), Nio (09866.HK), and XPeng (09868.HK) fell between 4.4% and 5.5% Lithium stocks Tianqi Lithium (09696.HK) and Ganfeng Lithium (01772.HK) fell by 3.7% and 7.6%. Robotics concept stocks Sihua Intelligent Control (02050.HK), UBTECH (09880.HK), and Minth Group (00425.HK) dropped by 4.2% to 5.7%. In the consumer sector, sportswear stocks Anta (02020.HK) and Li Ning (02331.HK) fell by 3.3% and 3.9%, while dining stock Yihai International (01579.HK) dropped by 4%. Retail stocks Pop Mart (09992.HK) and Lao Pu Gold (06181.HK) fell by 4.7% and 5.7%, and duty-free shop China Duty Free (01880.HK) decreased by 4%. Luggage manufacturer Samsonite (01910.HK) fell by 5.7%. Pharmaceutical stocks CSPC Pharmaceutical (01093.HK), WuXi Biologics (02269.HK), and Hansoh Pharmaceutical (03692.HK) dropped by 2.8% to 3.5%. In the financial sector, HSBC (00005.HK) and AIA (01299.HK) fell by 0.5% and 0.4%, while Hong Kong Exchanges and Clearing (00388.HK) rose by 0.3%. In the domestic banking sector, China Construction Bank (00939.HK) increased by 2.2%. Other stocks include real estate stocks New World Development (00017.HK) and Wharf Real Estate (01997.HK) which fell by 4.7% and 3.3%, while domestic property stocks Jinmao (00817.HK) and Sunac (01918.HK) dropped by 3.9% and 3.5%. New energy stocks Xinyi Solar (00968.HK) and Goldwind (02208.HK) fell by 5.4% and 7%. Cement stock China National Building Material (03323.HK) dropped by 6.2%, and heavy machinery stock Zoomlion (01157.HK) fell by 4.7% ### Related Stocks - [601857.CN](https://longbridge.com/en/quote/601857.CN.md) - [002490.CN](https://longbridge.com/en/quote/002490.CN.md) - [00857.HK](https://longbridge.com/en/quote/00857.HK.md) - [00568.HK](https://longbridge.com/en/quote/00568.HK.md) ## Related News & Research - [PetroChina Parent CNPC Lifts Stake Through A and H Share Purchases](https://longbridge.com/en/news/281875029.md) - [Maverick Gold and Silver Commences Field Program at Gator Epithermal Gold-Silver Project, Nevada | VRCFF Stock News](https://longbridge.com/en/news/282997314.md) - [China lets state oil firms tap commercial reserves as Iran war drags on, Bloomberg News reports](https://longbridge.com/en/news/282286436.md) - [Concept that AI will kill software is over-exaggerated, says Jefferies' Brent Thill](https://longbridge.com/en/news/282871648.md) - [CATL explores potential $5 billion Hong Kong share sale after stock rally, sources say](https://longbridge.com/en/news/282657533.md)