--- title: "\"Hong Kong Stocks\" The Hang Seng Index rose by 34 points, cable stocks declined, and Yao Cai surged by 47%" type: "News" locale: "en" url: "https://longbridge.com/en/news/279397202.md" description: "Hong Kong stocks fluctuated after the China-U.S. trade talks, with the Hang Seng Index rising 34 points to 25,868 points, the National Index up 10 points, and the Hang Seng Tech Index down 4 points. The total turnover was HKD 268.259 billion. In the technology sector, Alibaba rose 0.4%, while Tencent fell 1.5%. In the optical cable sector, Yangtze Optical Fibre and Cable fell 12.4%, and Jianqiao Technology fell 9.8%. In the power equipment sector, Dongfang Electric and Harbin Electric each fell over 4%" datetime: "2026-03-17T08:36:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279397202.md) - [en](https://longbridge.com/en/news/279397202.md) - [zh-HK](https://longbridge.com/zh-HK/news/279397202.md) --- # "Hong Kong Stocks" The Hang Seng Index rose by 34 points, cable stocks declined, and Yao Cai surged by 47% The China-U.S. economic and trade talks agreed to study the establishment of a mechanism to promote bilateral trade and investment cooperation, while Hong Kong stocks fluctuated under oil price volatility. The Hang Seng Index opened 104 points higher and the gains expanded, reaching a high of 416 points at 26,250 points. In the afternoon, rising oil prices caused U.S. stock futures to decline, narrowing the market's gains, which ended the day up 34 points or 0.1%, closing at 25,868 points; the National Index rose 10 points or 0.1%, closing at 8,826 points; the Hang Seng Tech Index fell 4 points, closing at 5,107 points. The total turnover for the day was HKD 268.259 billion. In the tech sector, it was reported that Alibaba (09988.HK) plans to launch enterprise-level AI applications this week, with Alibaba rising 0.4%. Tencent (00700.HK) fell 1.5% to HKD 550, while NetEase (09999.HK) and Kuaishou (01024.HK) dropped 0.1% and 0.3%. Meituan (03690.HK) rose 2.2% to HKD 80, while JD.com (09618.HK) and Bilibili (09626.HK) rose 0.5% and 1%, respectively. Baidu (09888.HK) fell 3%. Ping An Good Doctor (01833.HK) and Kingsoft (03888.HK) rose 2.8% and 2.7%, while Kingsoft Cloud (03896.HK) and GDS Holdings (09698.HK) fell 5.7% and 4.7%. In the chip sector, SMIC (00981.HK) and Hua Hong Semiconductor (01347.HK) fell 1% and 3.3%, while Innolux (02577.HK) and Bairun (06082.HK) each fell over 5%. AI stocks Zhizhu (02513.HK) and MiniMax (00100.HK) rose 2.7% and 0.6%. Mobile component stocks such as QiuTai (01478.HK) fell 7.9% after Citigroup lowered its target price and downgraded its rating to "neutral." Optical cable stocks like YOFC (06869.HK) fell 12.4% following external declines, while Jianqiao Technology (06166.HK) fell 9.8%. Jensen Huang, CEO of NVIDIA (NVDA.US), stated at the GTC 2026 conference that copper remains important, and optics will be used for expansion in different dimensions, both of which are essential capabilities, attracting market attention. Power equipment stocks such as Dongfang Electric (01072.HK) and Harbin Electric (01133.HK) also fell over 4%. Certain automotive stocks continued to be driven by market expectations of price increases in industry competition, with BYD (01211.HK) and Xiaomi (01810.HK) rising 0.2% and 0.5%, respectively, while Li Auto (02015.HK) rose 2%, and Geely (00175.HK) and Chery (09973.HK) rose 4.6% and 5.5%. Leapmotor (09863.HK) turned a profit of 540 million RMB for the year, with its stock price rising 1.9%. Battery stocks such as CATL (03750.HK) reached a new high of HKD 685 before retreating, ending the day down 3.3%. Pharmaceutical stocks including Yingen (09606.HK), Junshi Biosciences (01877.HK), 3SBio (01530.HK), Zai Lab (02367.HK), WuXi AppTec (02268.HK), and Genscript (01548.HK) rose between 2.8% and 4.2%. Consumer stocks rose, with Miniso (09896.HK), Pop Mart (09992.HK), and Li Ning (02331.HK) rising between 3.2% and 3.7% Logistics stock JD Logistics (02618.HK) rose 3.4%. In the financial sector, HSBC (00005.HK) increased by 0.4%, while AIA (01299.HK) and Hong Kong Exchanges and Clearing (00388.HK) fell by 0.4% and 0.5%, respectively. Among domestic banks, China CITIC Bank (00998.HK) rose 3.4%. Brokerage stocks rose, with GF Securities (01776.HK) and CITIC Securities (06030.HK) increasing by 3.6% and 3.8%, respectively, and Haitong Securities (02611.HK) rising 2.7%. Local brokerage firm Yau Lee Securities (01428.HK) indicated that all conditions for Ant Group's stake acquisition have been met, expecting implementation on the 30th of this month, with the stock price soaring 46.7% to HKD 13.6. In other stocks, oil stocks CNOOC (00883.HK) fell 2.2%, China Oilfield Services (02883.HK) fell 2.6%, and Sinopec (02386.HK) and COSCO Shipping Energy (01138.HK) fell 4.2% and 4.7%, respectively. Aluminum stocks Hongqiao (01378.HK) and Chalco (02600.HK) each fell over 3%. Domestic property stocks Sunac (01918.HK) and Longfor (00960.HK) rose 3.4% and 4.4%, respectively. Property management stock China Resources Mixc (01209.HK) rose 4.4%. 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