--- title: "\"Hong Kong Stocks\" Hang Seng Index opened down 298 points, commodity stocks declined, and Techtronic Industries fell nearly 5% after earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/277706161.md" description: "The Hang Seng Index opened down 298 points at 25,469 points, the National Index opened down 91 points at 8,516 points, and the Hang Seng Tech Index opened down 60 points at 4,816 points. Commodity stocks generally declined, with SD GOLD, ZHAOJIN MINING, and ZIJIN MINING opening down 3.2% to 3.6%. Minmetals Resources' annual net profit soared over 2.1 times, with its stock price opening down 4%. Shipping stocks, PACIFIC BASIN, saw a 56% drop in annual net profit, with its stock price opening down 2%. Technology stocks Tencent, KUAISHOU-W, and MEITUAN opened down 0.9% to 1.3%. Financial stocks HSBC opened down 2.1%" datetime: "2026-03-04T01:35:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277706161.md) - [en](https://longbridge.com/en/news/277706161.md) - [zh-HK](https://longbridge.com/zh-HK/news/277706161.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277706161.md) | [繁體中文](https://longbridge.com/zh-HK/news/277706161.md) # "Hong Kong Stocks" Hang Seng Index opened down 298 points, commodity stocks declined, and Techtronic Industries fell nearly 5% after earnings Trump stated that if necessary, he would send U.S. military to escort tankers through the Strait of Hormuz, causing oil price gains to narrow. The Dow Jones Industrial Average fell by 403 points or 0.3% the previous night (3rd). China's manufacturing Purchasing Managers' Index for February was 49%, a decrease of 0.3 percentage points from January. The Hong Kong stock market opened lower, with the Hang Seng Index down 298 points or 1.2%, at 25,469 points; the National Index down 91 points or 1.1%, at 8,516 points; and the Hang Seng Tech Index down 60 points or 1.2%, at 4,816 points. Gold and silver prices declined, and commodity stocks opened lower. Shandong Gold (01787.HK), Zhaojin (01818.HK), and Zijin Mining (02899.HK) opened down 3.2% to 3.6%, while Jiangxi Copper (00358.HK) opened down 3.7%. Minmetals Resources (01208.HK) saw its annual net profit soar over 2.1 times, with revenue and operating cash flow hitting record highs, but its stock price opened down 4%. Shipping stock Pacific Basin (02343.HK) reported a 56% drop in annual net profit and declared a final dividend of HKD 0.06, with its stock price opening down 2%. Among tanker transportation stocks, China Merchants Energy (01138.HK) opened down 3.3%. In the technology sector, Tencent (00700.HK), Kuaishou (01024.HK), Meituan (03690.HK), and JD.com (09618.HK) opened down 0.9% to 1.3%, while Baidu (09888.HK) and Alibaba (09988.HK) opened down 2.3% and 2.7%, respectively. NetEase (09999.HK) opened flat at HKD 179.8. In the chip sector, SMIC (00981.HK) and Hua Hong Semiconductor (01347.HK) opened down 2.5% and 1.7%, respectively, while mobile component stocks BYD Electronics (00285.HK) and Sunny Optical (02382.HK) opened down 1.4% and 1%. In the automotive sector, reports indicate that BYD (01211.HK) will announce its second-generation blade battery and fast-charging technology tomorrow, with BYD opening down 1.7%. Xiaomi (01810.HK) and Li Auto (02015.HK) opened down 0.4% and 1.1%, respectively, while XPeng (09868.HK) opened down 2.9%. In the financial sector, HSBC (00005.HK) opened down 2.1% at HKD 133, Hong Kong Exchanges and Clearing (00388.HK) opened down 0.3%, and AIA (01299.HK) opened down 1.3%. Techtronic Industries (00669.HK) reported a 7% increase in annual net profit to a record high, with a final dividend of HKD 1.32, but its stock price opened down 4.9%. China National Pharmaceutical Group (01177.HK) announced that its subsidiary signed an exclusive licensing agreement for Lenvatinib with Sanofi, and the stock opened down 0.7% along with the market ### Related Stocks - [Tencent Holdings Limited (TCEHY.US)](https://longbridge.com/en/quote/TCEHY.US.md) - [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md) - [KUAISHOU-W (01024.HK)](https://longbridge.com/en/quote/01024.HK.md) - [ZIJIN MINING (02899.HK)](https://longbridge.com/en/quote/02899.HK.md) - [PACIFIC BASIN (02343.HK)](https://longbridge.com/en/quote/02343.HK.md) - [ZHAOJIN MINING (01818.HK)](https://longbridge.com/en/quote/01818.HK.md) - [Tencent Holdings Limited (TCTZF.US)](https://longbridge.com/en/quote/TCTZF.US.md) - [MEITUAN-W (03690.HK)](https://longbridge.com/en/quote/03690.HK.md) - [SD GOLD (01787.HK)](https://longbridge.com/en/quote/01787.HK.md) - [SD-GOLD (600547.CN)](https://longbridge.com/en/quote/600547.CN.md) ## Related News & Research - [Naspers (OTCMKTS:NPSNY) Lowered to Hold Rating by Wall Street Zen](https://longbridge.com/en/news/276671924.md) - [Zhaojin Mining Industry Launches Emergency Plan After Mine Accident](https://longbridge.com/en/news/275466078.md) - [Zhaojin Mining Updates Annual Cap for Silver Sales Agreement with Zhaojin Refinery](https://longbridge.com/en/news/275590185.md) - [Kuaishou Technology Files Next Day Disclosure Return to HKEX for 24,371 New Shares Issued at Up to HKD 62.3 Each](https://longbridge.com/en/news/274296436.md) - [China fines Kuaishou over $17 million for failure to curb offensive content](https://longbridge.com/en/news/275107090.md)