In the Hong Kong stock market, the Hang Seng Index fell by 201 points on the futures settlement day, with SHENZHOU INTL dropping over 8% after its earnings report, while Hongqiao rose by over 3%

AASTOCKS
2026.03.30 08:25

The Houthi armed forces in Yemen have joined the battle against Israel, causing international oil prices to rise. On the settlement day of Hong Kong stock index futures, the market softened along with external factors. The Hang Seng Index opened down 419 points, initially falling 542 points to a low of 24,409 points before narrowing the decline. In the afternoon, it reached 24,811 points, down 140 points, and closed at 24,750 points, down 201 points or 0.8%; the National Index fell 54 points or 0.65%, closing at 8,399 points; the Hang Seng Tech Index fell 87 points or 1.8%, closing at 4,690 points. The total turnover for the day was HKD 285.435 billion.

PetroChina (00857.HK) reported a 4.5% decline in annual net profit, with the stock rising 1.6% as oil prices increased. CNOOC (00883.HK) opened up 2% but ended the day down 0.6%. Iran attacked aluminum companies in the UAE and Bahrain, leading to increases of 7.3% and 3.7% for aluminum stocks Chalco (02600.HK) and Hongqiao (01378.HK). Gas stock ENN Energy (02688.HK) reported a 1.4% decline in annual net profit, with the stock price falling 2.6%. Resource stock Luoyang Molybdenum (03993.HK) reported a 50% increase in annual net profit, but the stock fell 2.9%. Gold stocks Shandong Gold (01787.HK), Zhaojin (01818.HK), and Zijin Mining International (02259.HK) rose between 3.5% and 4.8%, while Lingbao (03330.HK) rose 7.3%.

BYD (01211.HK) reported a 19% decline in annual net profit, while its subsidiary BYD Electronics (00285.HK) reported an 18% decline in annual net profit. BYD opened down 4.6% and fell 0.7% for the day, while BYD Electronics fell 4.8%. Lei Jun indicated that the new generation SU7 delivered 4,000 to 5,000 units in its first week, and Xiaomi (01810.HK) fell 1.9%. Other automotive stocks, including Seres (09927.HK), Nio (09866.HK), and Chery (09973.HK), fell between 2.5% and 3.5%, while XPeng (09868.HK), GAC (02238.HK), and Chang'an Auto (02333.HK) fell between 4.5% and 6.3%. Autonomous driving laser system provider Hesai (02525.HK) fell 4.9%. Robotics concept stocks Nascent (01316.HK), Yujian (02432.HK), and UBTECH (09880.HK) fell between 3.6% and 4.8%.

In other tech stocks, Tencent (00700.HK), Alibaba (09988.HK), Meituan (03690.HK), and Kuaishou (01024.HK) fell between 1.7% and 2.4%, while JD.com (09618.HK) and NetEase (09999.HK) fell 0.6% and 0.4%, respectively. Baidu (09888.HK) and Bilibili (09626.HK) fell 2.6% and 3.1%. Meitu (01357.HK) reported a 65% year-on-year increase in adjusted net profit, but the stock price fell 8.7%. Dongfang Zhenxuan (01797.HK) rose 5.2%.

Tencent Cloud signed an agreement with MiniMax (00100.HK) to launch comprehensive cooperation in the field of AI agents, with MiniMax rising 2.4%. Zhizhu (02513.HK) rose 9.8%. Insilico Medicine (03696.HK) saw its stock price rise 2.6% after reaching a global pipeline licensing and AI drug development cooperation with Eli Lilly XunCe (03317.HK) rose 8.3%, with a transaction volume of HKD 1.79 billion. Fiber optic stock Yangtze Optical Fibre and Cable (06869.HK) saw a 20% increase in annual net profit, with its stock price rising 14.3%. Chip stocks SMIC (00981.HK) and Hua Hong (01347.HK) fell 2.1% and 1.6%, while Innovent Biologics (02577.HK) turned positive in adjusted EBITDA for the year, but its stock price still dropped 4.8%.

Home appliance stocks were under pressure, with Midea (00300.HK) down 3.5%, Haier Smart Home (06690.HK) and Hisense Home Appliances (00921.HK) falling 5.4% and 6.4%. Movie stock Maoyan Entertainment (01896.HK) dropped 4.7%. Retail stock Pop Mart (09992.HK) saw its price drop nearly 6.4% to a low of HKD 140.1, closing the day down only 0.6% at HKD 148.7, while Lao Pu Gold (06181.HK) rose 0.1%. Textile stock Shenzhou International (02313.HK) reported a 6.7% decline in annual net profit and cut its final dividend, with its stock price falling 8.1%. Domestic property stock RunDi (01109.HK) saw a 0.5% decrease in annual net profit, with the final dividend reduced to 96.6 cents RMB, and its stock price rose 0.9%. Property management stock China Resources Mixc Lifestyle (01209.HK) reported a 10.3% increase in last year's net profit, with a total dividend of 85 cents including a special dividend, and the stock fell 0.5%.

In the financial sector, HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) fell 1% and 2%. AIA Group (01299.HK) initiated a USD 1.743 billion share buyback plan, with its stock price down 0.8%. Standard Chartered (02888.HK) fell 2%. China Construction Bank (00939.HK) and Industrial and Commercial Bank of China (01398.HK) each saw annual net profits rise by 1% and 0.7%, with their stock prices increasing by 1.9% and 1.8%, respectively

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