--- title: "Iran Situation | Hong Kong stocks rose 705 points in half a day, Meituan soared by 10%, POP MART increased by 7.5%" type: "News" locale: "en" url: "https://longbridge.com/en/news/281971771.md" description: "The US and Iran agreed to a two-week ceasefire, easing investor tensions and driving a significant rise in Hong Kong stocks. The Hong Kong stock market rose 705 points in half a day, reporting 25,821 points, with the Hang Seng China Enterprises Index up 199 points and the Tech Index up 206 points, with a turnover of HKD 200.5 billion. Meituan rose 9.8%, and POP MART rose 7.5%. Airline stocks generally rose, with China Eastern Airlines up 8.1%. Among oil stocks, CNOOC fell 3.6%. Overall market sentiment is optimistic, with the Hang Seng Index opening up 656 points" datetime: "2026-04-08T04:20:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281971771.md) - [en](https://longbridge.com/en/news/281971771.md) - [zh-HK](https://longbridge.com/zh-HK/news/281971771.md) --- # Iran Situation | Hong Kong stocks rose 705 points in half a day, Meituan soared by 10%, POP MART increased by 7.5% The United States and Iran agreed to a two-week ceasefire, which helped ease investor tension after the news broke. New York crude oil and Brent crude oil both fell below the $100 mark, and all three major U.S. stock index futures rose. The Asia-Pacific stock markets generally rose today (the 8th). The Hong Kong stock market rose 705 points in the first half of the day, reporting 25,821 points. The Hang Seng China Enterprises Index rose 199 points to 8,656 points, and the Hang Seng Tech Index rose 206 points to 4,885 points, with a transaction volume of HKD 200.5 billion. Tencent (0700) rose back above HKD 500, closing at HKD 504.5, up 3.1%. Baidu (9888) rose 2.1%, Alibaba (9988) rose 4.5%, Xiaomi (1810) rose 5.8%, and Meituan (3690) rose 9.8%. In the financial sector, AIA (1299) rose 4.2%, HSBC (0005) rose 5.3%, and Standard Chartered (2888) rose 7%. In the oil sector, PetroChina (0857) rose 2%, while CNOOC (0883) fell 3.6%. In the consumer sector, POP MART (9992) rose 7.5%. The Hong Kong stock market maintained an increase of over 600 points, currently reporting 25,801 points, up 684 points. Airline stocks soared, with China Eastern Airlines (0670) rising 8.1%, Air China (0753) rising 5.4%, China Southern Airlines (0670) rising 5.4%, and Cathay Pacific (0293) rising 3.2%. The Hong Kong stock market's increase expanded to 700 points, currently reporting 25,817 points. However, oil stocks fell against the trend, with CNOOC (0883) hitting a low of HKD 25.6, a one-month low, and currently reporting HKD 26.12, down 3.3%. The Hang Seng Index is currently at 25,772 points, opening up 656 points. The Hang Seng China Enterprises Index is currently at 8,598 points, opening up 141 points. The Hang Seng Tech Index is currently at 4,817 points, opening up 137 points. With the U.S. and Iran agreeing to a temporary ceasefire, oil prices plummeted significantly, and oil stocks generally fell, with CNOOC (0883) opening down 5.3%. In the oil equipment sector, Shandong Molong (0568) opened down 14.9%. In the airline sector, Cathay Pacific (0293) opened up 5.4%, reporting HKD 12.03. In the technology sector, Alibaba (9988) opened up 2.9%, Meituan (3690) opened up 2.9%, and Tencent (0700) opened up 3.1%. In the financial sector, HSBC (0005) opened up 6.2%, and Hong Kong Exchanges and Clearing (0388) opened up 3.4%. During today's (the 8th) Asian trading session, all three major U.S. stock index futures rose, with Dow futures up 902 points, reporting 47,714 points, S&P futures up 146 points, reporting 6,803 points, and Nasdaq futures up 715 points, reporting 25,086 points. In the Asia-Pacific stock markets, South Korea's stock market rose 5.2%, reporting 5,782 points; Japan's stock market rose 4.8%, reporting 55,991 points. 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