--- title: "In the Hong Kong stock market, the Hang Seng Index fell 123 points in the first half of the day, Swire Pacific A rose by 5%, and MTR Corporation declined by over 6%" type: "News" locale: "en" url: "https://longbridge.com/en/news/278984512.md" description: "The Hong Kong stock market showed a fluctuating downward trend in the morning session, with the Hang Seng Index down 123 points or 0.5%, reporting at 25,593 points. Financial stocks generally declined, with HSBC and Standard Chartered falling 3.8% and 4.4% respectively. Swire Pacific A's share price rose 5% due to an increased dividend, while MTR Corporation's share price fell 6.3% due to a 7% drop in annual net profit. The total market turnover was HKD 126.059 billion" datetime: "2026-03-13T04:32:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278984512.md) - [en](https://longbridge.com/en/news/278984512.md) - [zh-HK](https://longbridge.com/zh-HK/news/278984512.md) --- # In the Hong Kong stock market, the Hang Seng Index fell 123 points in the first half of the day, Swire Pacific A rose by 5%, and MTR Corporation declined by over 6% Iran claims that the Strait of Hormuz remains closed, leading to a downward trend in the peripheral stock markets, with Hong Kong stocks showing weakness in the early session. The Hang Seng Index opened down 133 points, with the initial decline expanding to 241 points at 25,475 points, before narrowing to a drop of 19 points at 25,697 points. The index closed down 123 points or 0.5% at 25,593 points; the Hang Seng China Enterprises Index fell 1 point to 8,698 points; the Hang Seng Tech Index dropped 20 points or 0.4% to 5,007 points. The total turnover for the market at midday was HKD 126.059 billion. In the financial sector, HSBC (00005.HK) and Standard Chartered (02888.HK) fell 3.8% and 4.4%, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) dropped 0.7% and 1.5%. Oil prices rose overnight, with PetroChina (00857.HK) and CNOOC (00883.HK) up 1.4% and 1.6%, while Sinopec (00386.HK) fell 3.4%. Airline stocks such as China Southern Airlines (01055.HK), China Eastern Airlines (00670.HK), and Air China (00753.HK) declined between 2.7% and 3.5%. Market expectations for interest rate cuts weakened, leading to a 1% drop in gold prices, with Zijin Mining International (02259.HK) down 4%, and Shandong Gold (01787.HK) and Zhaojin Mining (01818.HK) falling 2.9% and 3.2%. Swire is planning to place shares of Cathay Pacific (00293.HK) at a discount of over 9%, raising a net amount of HKD 1.79 billion, with Cathay down 3%. Swire A (00019.HK) unexpectedly increased its dividend, causing its stock price to rise by 5%. Swire Properties (01972.HK) received target price upgrades from several brokerages after its earnings report, with its stock price increasing by 2%. MTR Corporation (00066.HK) reported a 7% decline in annual net profit, in line with expectations, and the market is focused on the visibility of capital expenditures for the next phase of the Northern Link, with its stock price dropping 6% at midday. Orient Overseas (00316.HK) reported an annual net profit of USD 1.513 billion, down 41%, with its stock price falling 4.8%. In the technology sector, Tencent (00700.HK), Alibaba (09988.HK), JD.com (09618.HK), Baidu (09888.HK), and NetEase (09999.HK) rose between 1.1% and 1.6%, while Meituan (03690.HK) and Kuaishou (01024.HK) fell 0.5% and 0.7%, respectively. Bilibili (09626.HK) rose 0.4%. Dongfang Zhenxuan (01797.HK) and Weimob (02013.HK) dropped 5.4% and 4.4%. AI stocks such as Zhizhu (02513.HK) fell 1.2%, while SenseTime (00020.HK) and MiniMax (00100.HK) dropped 3.8% and 3.9%, respectively, and Inspur Intelligent (03696.HK) fell 6.2%. In the chip sector, SMIC (00981.HK) and Hua Hong Semiconductor (01347.HK) fell 1.7% and 6.4%, while Tianjin Sijichuang (09903.HK) dropped 3.9%. In the mobile components sector, BYD Electronics (00285.HK) fell 3.5% It is reported that Stellantis intends to introduce Chinese car manufacturers for its European business and has previously contacted Xiaomi (01810.HK) and XPeng (09868.HK). Xiaomi rose by 0.3%, while XPeng fell by 0.6%, and Leapmotor (09863.HK) rose by 1.8%. In other automotive stocks, BYD (01211.HK) fell by 0.3%. Li Auto (02015.HK) reported a non-GAAP net profit of 2.38 billion RMB last year, a decline of over 77%, with its stock price dropping by 2.8%. In other stocks, Labubu collaborated with Sanrio to launch a new blind box, which sold out online in one minute, while Pop Mart (09992.HK) fell by 1.4%. Yihai (01579.HK) and Lao Pu Gold (06181.HK) fell by 5.7% and 4.8%, respectively, while Samsonite (01910.HK) fell by 3.4%. JD Logistics (02618.HK) and JD Industrial (07618.HK) retreated by 3.4% and 5%. Among domestic property stocks, Sunac China (01918.HK) rose by 5.5%. Yao Cai Securities (01428.HK) surged by 37.6% in half a day, with a turnover exceeding 2 billion. 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