--- title: "\"Hong Kong Stocks\" The Hang Seng Index fell 656 points in the half-day session, with weakness in real estate, aviation, and local financial stocks, while CNOOC rose by 7%" type: "News" locale: "en" url: "https://longbridge.com/en/news/278327648.md" description: "Affected by the external market, the Hong Kong stock market opened lower, with the Hang Seng Index briefly falling to 24,906 points, ultimately closing down 656 points or 2.6% at 25,101 points. Real estate, aviation, and local financial stocks generally declined, with China Southern Airlines and Cathay Pacific dropping 5.5% and 6% respectively, while HSBC and Hong Kong Exchanges and Clearing fell 3.6% and 2.6%. CNOOC rose against the trend by 7%. The total turnover of the market for the half day was HKD 219.339 billion" datetime: "2026-03-09T04:37:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278327648.md) - [en](https://longbridge.com/en/news/278327648.md) - [zh-HK](https://longbridge.com/zh-HK/news/278327648.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278327648.md) | [繁體中文](https://longbridge.com/zh-HK/news/278327648.md) # "Hong Kong Stocks" The Hang Seng Index fell 656 points in the half-day session, with weakness in real estate, aviation, and local financial stocks, while CNOOC rose by 7% Multiple countries in the Middle East have cut production, causing oil prices to rise above $110 per barrel. The peripheral stock markets are under pressure, and the Hong Kong stock market fell in early trading following the trend. The Hang Seng Index opened down 681 points, at one point dropping 851 points to a low of 24,906 points, closing down 656 points or 2.6% at 25,101 points; the National Index fell 157 points or 1.8% to 8,470 points; the Hang Seng Tech Index dropped 115 points or 2.3% to 4,832 points. The total turnover of the market for the half day was HKD 219.339 billion. In the oil sector, PetroChina (00857.HK) and CNOOC (00883.HK) rose 3.6% and 7%, respectively. Kunlun Energy (00135.HK) and Sinopec (00386.HK) each fell 4%. In the commodities sector, China Silver (00815.HK) and Zijin Mining (02899.HK) dropped 7% and 5.1%, while Luoyang Molybdenum (03993.HK), Jiangxi Copper (00358.HK), and Minmetals Resources (01208.HK) fell between 5.4% and 6.8%. In the energy transportation sector, COSCO Shipping Energy (01138.HK) fell 7.9%. Coal stocks Shenhua (01088.HK) and Yanzhou Coal (01171.HK) rose 4.5% and 6.3%. Airline stocks declined, with China Southern Airlines (01055.HK) and Cathay Pacific (00293.HK) down 5.5% and 6%, and China Eastern Airlines (00670.HK) and Air China (00753.HK) down 7.1% and 7.8%. Financial stocks were under pressure, with HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) down 3.6% and 2.6%, respectively. AIA (01299.HK) and Standard Chartered (02888.HK) fell 5.5%, while Bank of China Hong Kong (02388.HK) dropped 4.1%. Domestic insurance stocks Ping An (02318.HK) and Taikang (02601.HK) fell 5% and 4.5%, respectively, while China Life (02628.HK) dropped 3.5%. Brokerage stocks Guotai Junan (02611.HK) and CITIC Securities (06030.HK) fell 4.5%. Inflation concerns have dampened interest rate cut expectations, with local real estate stocks such as Sun Hung Kai Properties (00016.HK), Hang Lung Properties (00101.HK), and Swire Properties (01972.HK) falling between 6.1% and 6.5%, while Henderson Land (00012.HK) and New World Development (00017.HK) fell 4.9% and 4.5%. CK Hutchison (00001.HK) subsidiary Panama Ports Company has initiated international arbitration against the Panamanian government, claiming at least $2 billion, with its stock price declining 5.4%. Commodity stocks also fell, with CITIC Limited (00267.HK) down 5.6%. In the technology sector, Tencent (00700.HK) and JD.com (09618.HK) fell 1.6% and 2.4%, respectively, while Meituan (03690.HK) rose 0.1%. Kuaishou (01024.HK), Baidu (09888.HK), Alibaba (09988.HK), NetEase (09999.HK), and Bilibili (09626.HK) fell between 3.7% and 4.8% In the AI-related stocks, Zhipu (02513.HK) and Jingtai (02228.HK) fell by 3.6% and 6.4%, while Inspur Intelligent (03696.HK) and MiniMax (00100.HK) rose by 3.6% and 4%. Cloud service provider Kingsoft Cloud (03896.HK) increased by 5.7%. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) dropped by 4.2% and 4.7%, while Innodisk (02577.HK) and Bairun (06082.HK) fell by 6.6% and 5.4%. Chip equipment stock ASMPT (00522.HK) decreased by 7.5%. Robotics stock UBTECH (09880.HK) fell by 6.1%. In mobile-related stocks, Gao Wei (01415.HK) and Lens Technology (06613.HK) dropped by 6% and 6.5%, while AAC Technologies (02018.HK) fell by 4.5%. In the wire sector, Changfei Optical Fiber (06869.HK) decreased by 4.5%. In telecommunications equipment, ZTE (00763.HK) reported a 33% drop in net profit last year, with its stock price falling by 6.8%. Qingdao will issue 250 million RMB in subsidies for vehicle trade-ins this month. In the automotive sector, BYD (01211.HK) rose by 0.5%, Xiaomi (01810.HK) fell by 1.1%, XPeng (09868.HK) increased by 3.3%, and Geely (00175.HK) dropped by 6.2%. In the intelligent driving sector, WeRide (00800.HK) and Pony.ai (02026.HK) fell by 7.2% and 8.3%, while Horizon Robotics (09660.HK) decreased by 6%. In the pharmaceutical sector, WuXi AppTec (02268.HK), Sanofi (01530.HK), WuXi Biologics (02269.HK), and CanSino Biologics (09926.HK) fell by 5.6% to 6.5%, while WuXi AppTec (02359.HK), CSPC Pharmaceutical (01093.HK), Innovent Biologics (01801.HK), and BeiGene (06160.HK) dropped by 4.4% to 5.1%. In the gambling sector, Galaxy Entertainment (00027.HK), MGM China (02282.HK), Sands China (01928.HK), and Melco International (00200.HK) fell by 4.4% to 6% ### Related Stocks - [CSN (600029.CN)](https://longbridge.com/en/quote/600029.CN.md) - [COSL (601808.CN)](https://longbridge.com/en/quote/601808.CN.md) - [CNOOC (00883.HK)](https://longbridge.com/en/quote/00883.HK.md) - [CATHAY PAC AIR (00293.HK)](https://longbridge.com/en/quote/00293.HK.md) - [CHINA SOUTH AIR (01055.HK)](https://longbridge.com/en/quote/01055.HK.md) - [CNOOC (600938.CN)](https://longbridge.com/en/quote/600938.CN.md) - [CHINA EAST AIR (00670.HK)](https://longbridge.com/en/quote/00670.HK.md) ## Related News & Research - [CNOOC's Actual Controller Boosts Shareholding](https://longbridge.com/en/news/277784378.md) - [CNOOC Says Unaware of Reason for Share Price Movement](https://longbridge.com/en/news/277741273.md) - [Cathay Pacific halts Dubai flights until Thursday amid US-Israeli attack on Iran](https://longbridge.com/en/news/277404447.md) - [CNOOC increased shareholdings in co's A-shares by 705,500 shares for RMB30 mln from Oct 9 to Mar 4](https://longbridge.com/en/news/277806674.md) - [InSilico Out-licensed Drug ISM4808 Begins Clinical Trial](https://longbridge.com/en/news/278010381.md)