Market Overview
▪ As of March 10, 2026, Beijing time, Hong Kong stocks collectively rose, with risk appetite warming up. As of the time of writing, short-term attention is on whether it can break through previous highs and integer resistance with increased volume.
▪ The Hang Seng Index rose 1.19% to 25,709.86 points, continuing its rebound, but has not yet broken through the recent high, which was on March 6.
▪ The Hang Seng Tech Index rose 1.15% to 4,998.48 points, approaching the 5,000-point mark, but has not refreshed the recent high of February 23.
▪ The China Enterprises Index rose 0.76% to 8,646.43 points, showing a steady trend, but has not yet recovered the previous high.
Sector Performance
▪ The internet content and information sector performed strongly during the session, with leading stock Tencent Holdings rising 3.10%, showing significant capital inflow and becoming the core driving force for the index's rise.
▪ The retail sector generally rose, driven by expectations of warming market demand, with Alibaba -W rising 1.63% and JD -SW rising 1.61%, reflecting current capital preferences for the consumer sector.
▪ The oil and gas exploration and production sector weakened against the trend, affected by the decline in international oil prices. China National Offshore Oil Corporation fell 2.11%, United Energy Group dropped 9.75%, and CNOOC plunged 20.19%, indicating a clear risk-averse sentiment among investors.
Macroeconomic Background
▪ So far, recent macroeconomic data for Hong Kong stocks has shown limited volatility, with foreign exchange reserves and unemployment rates remaining stable, providing a macro foundation for the market's smooth operation.
▪ Trade data and CPI performance are moderate. Although the overall sentiment in the capital market remains cautious, investors are closely monitoring the latest trends in retail sales and manufacturing to seek further growth breakthroughs.
Popular Stocks
▪ TianShu ZhiXin (9903.HK) surged by 17.40% during the session, with a transaction volume of HKD 274 million, leading the popular stock sector.
▪ JunDa Co., Ltd. (2865.HK) rose 5.22%, with a transaction volume of HKD 259 million, showing significant activity.
▪ BeiGene (6160.HK) rose 3.13%, with a transaction volume of HKD 257 million, attracting some growth-oriented capital in the pharmaceutical sector.
▪ Horizon Robotics -W (9660.HK) rose 3.01%, with a transaction volume of HKD 256 million, performing steadily as a technology benchmark.
▪ Tencent Holdings (00700.HK) rose 3.10%, being the stock with the highest transaction volume in the market, its price increase effectively boosted market confidence.
Market Transaction Volume TOP10
▪ Tencent Holdings (00700.HK) latest transaction price HKD 532.00, increase of 3.10%, transaction volume HKD 6.22 billion
▪ Alibaba -W (09988.HK) latest transaction price HKD 130.80, increase of 1.63%, transaction volume HKD 3.30 billion
▪ China National Offshore Oil Corporation (00883.HK) latest transaction price HKD 26.92, decrease of 2.11%, transaction volume HKD 2.44 billion
▪ Changfei Fiber Optics (06869.HK) latest transaction price 158.60 HKD, increase 11.53%, transaction amount 2.161 billion
▪ CATL (03750.HK) latest transaction price 547.00 HKD, increase 8.75%, transaction amount 1.771 billion
▪ AIA Group (01299.HK) latest transaction price 83.70 HKD, increase 2.32%, transaction amount 1.746 billion
▪ Zhiyu (02513.HK) latest transaction price 602.50 HKD, increase 4.78%, transaction amount 1.491 billion
▪ Xiaomi Group -W (01810.HK) latest transaction price 33.84 HKD, increase 0.48%, transaction amount 1.431 billion
▪ MINIMAX-WP (00100.HK) latest transaction price 1064.00 HKD, increase 6.72%, transaction amount 1.381 billion
▪ SMIC (00981.HK) latest transaction price 62.15 HKD, increase 2.14%, transaction amount 985 million

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09988

09618

00883

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On March 10, 2026, Hong Kong stocks collectively rose during the trading session, with the Hang Seng Index up 1.19% at 25,709.86 points, and the Hang Seng Tech Index approaching the 5,000-point mark. The internet content and retail sectors led the gains, with major stocks like Tencent Holdings, Alibaba, and JD.com significantly rising, boosting market risk appetite. Meanwhile, the oil and gas sector was pressured by weakening oil prices, with China National Offshore Oil Corporation falling over 2%. On the macro front, employment and foreign exchange remained stable, with funds focusing on the pace of domestic demand recovery

- As of March 10, 2026, Hong Kong stocks rose collectively, with the Hang Seng Index gaining 1.19% to 25,709.86 points amidst improved risk appetite, yet falling short of breaking through previous highs.  
- Key sectors included internet content, where Tencent increased by 3.10%, and retail, reflected by gains from Alibaba and JD.com, while oil and gas stocks fell sharply due to declining international prices.  
- Macroeconomic indicators showed stability in forex reserves and unemployment, prompting investor focus on retail sales and manufacturing for potential growth opportunities.

Market Heartbeat

TENCENT

BABA-W

JD-SW

CNOOC

UNITEDENERGY GP

CHK OIL

ILUVATAR COREX

HORIZONROBOT-W

DRINDA

BEONE MEDICINES

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Tencent

Tencent Holdings Limited

Hong Kong Stock Market Update | Hang Seng Index rises 1.19%, Tencent and Alibaba lead the market