--- title: "The Hang Seng Index rises but is constrained by 26,000; POP MART rebounds over 6%" type: "News" locale: "en" url: "https://longbridge.com/en/news/282661761.md" description: "The Hang Seng Index fluctuated upward today but encountered resistance at the 26,000 mark, closing at 25,872 points. U.S. stocks rose, influenced by the U.S. blockade of Iranian ports. China's export and import data for March performed well, with the SSE Composite Index rising to 4,026 points. Northbound trading recorded a net outflow of 2.017 billion yuan, and JD Health's stock price rebounded by 2.3%. Meituan launched an AI product for family health management" datetime: "2026-04-14T09:09:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282661761.md) - [en](https://longbridge.com/en/news/282661761.md) - [zh-HK](https://longbridge.com/zh-HK/news/282661761.md) --- # The Hang Seng Index rises but is constrained by 26,000; POP MART rebounds over 6% It is rumored that the next round of negotiations between the U.S. and Iran may be held on Thursday (16th) in Islamabad, the capital of Pakistan. The Hang Seng Index today (14th) fluctuated positively but encountered resistance at the 26,000 mark. The U.S. took action on Monday, blocking important waterways in Iranian ports and coastal areas. Subsequently, U.S. President Trump stated in a speech at the White House that he received a call from someone related to Iran, expressing a desire to reach an agreement. The Dow Jones Industrial Average and Nasdaq both rose by 0.6% and 1.2% respectively on the night of the 13th. At the time of writing, the yield on U.S. 2-year bonds fell to 3.762%, the yield on U.S. 10-year bonds fell to 4.279%, and the U.S. dollar index dropped to 98.21. Dow futures rose by 83 points or 0.17%, while Nasdaq futures rose by 114 points or 0.45%. In March, China's dollar-denominated exports increased by 2.5% year-on-year, imports rose by 27.8% year-on-year, and the trade surplus narrowed to USD 51.13 billion. The SSE Composite Index rose by 38 points or 0.95% to close at 4,026 points, the Shenzhen Component Index rose by 1.6%, and the ChiNext Index rose by 2.36%, reaching a new high in over four years. The total transaction amount in the Shanghai and Shenzhen markets was RMB 2.38 trillion. The Hang Seng Index opened high at 268 points, once rising by 334 points to a high of 25,995 points, and closed up 211 points or 0.8% at 25,872 points; the Hang Seng China Enterprises Index rose by 69 points or 0.8% to close at 8,671 points; the Hang Seng Tech Index rose by 29 points or 0.6% to close at 4,851 points. The total transaction amount for the day was HKD 236.776 billion. The total transaction amount for northbound trading was HKD 103.154 billion, while southbound funds had a net outflow of HKD 2.017 billion today (after a net inflow of HKD 2.249 billion on the previous trading day). Ping An Insurance (02318.HK) rose nearly 2.6%, and HSBC Holdings (00005.HK) rose by 1.6%. JD Health (06618.HK) saw its stock price drop by 9.4% yesterday (13th) but rebounded by 2.3% today (14th) to close at HKD 47.54, while Alibaba Health (00241.HK) rose by 2.7%. Meituan-W (03690.HK) launched an AI product focused on family health management called "XiaoTuan Health Steward" and a paid membership service called "Health Card." It is reported that "XiaoTuan Health Steward" provides basic services for asking about illnesses and medications, health consultation, and supports family health record management and intelligent interpretation of health check reports. Users can jump to online medication purchases, online consultations, or make appointments for offline medical treatment during the conversation, forming a complete closed loop from consultation to fulfillment. Meituan's stock price fell by 1.6% today to close at HKD 85.1. In addition, JD Logistics (02618.HK) rose by 5.7%, and JD Industrial (07618.HK) surged by 16.6%. 【NIO's stock price is weak, Baidu has support】 Alibaba (09988.HK) rose by 1.1% for the day, Tencent (00700.HK) and Kuaishou-W (01024.HK) rose by 0.7% and 0.2%, while Didi Global (01384.HK) and XunCe (03317.HK) fell by 8.2% and 4.6% Chip equipment stock ASMPT (00522.HK) rose 6.6%. Fiber optic stock Yangtze Optical Fibre and Cable (06869.HK) rose 0.7%. Battery stock CATL (03750.HK) is considering a placement of shares in Hong Kong, aiming to raise no more than $5 billion. CATL's H shares fell 3.3% to close at 660 yuan, with a transaction volume of 3.99 billion yuan, while CATL will announce its first quarter results for this year tomorrow (15th). Baidu-SW (09888.HK) saw its stock price rise 3.4% throughout the day. UBS published a research report, expecting Baidu's upcoming first quarter results for 2026 to meet market expectations; revenue growth will be driven by increased contributions from AI-driven businesses, which are expected to account for over 50% of core revenue. The bank anticipates that the surge in AI demand and tight supply of computing power will lead to widespread price increases in the industry, with AI cloud infrastructure revenue expected to grow over 40% in the first quarter. Additionally, Baidu's supply-side advantages in self-developed chips (Kunlun chips) will help acquire new customers and promote contract renewals with existing clients. UBS also expects AI marketing analysis to maintain strong growth throughout the year, with AI applications continuing to focus on user expansion and enhancement of AI functionalities. 【Stocks Rise by Over 1,300, POP MART Bounces】 The Hong Kong stock market showed a positive trend today, with a rise-to-fall ratio of 32 to 19 for main board stocks (compared to 17 to 32 yesterday), with 1,337 rising stocks (an increase of 3.7%); among the Hang Seng Index constituent stocks, 61 rose and 29 fell, with a rise-to-fall ratio of 68 to 32 (compared to 24 to 71 yesterday); the market recorded short selling of 37.573 billion yuan, accounting for 18.498% of the total transaction volume of 203.116 billion yuan for shortable stocks. POP MART (09992.HK) saw its stock price jump 6.5% to close at 161.4 yuan, with a transaction volume of 6.119 billion yuan. Domestic media reported that Duan Yongping is positioning in POP MART by selling put options. Duan Yongping explained that he is a full-position investor, with most of his money already invested in other projects. Nevertheless, he can sell some puts on POP MART while considering which investments to exchange (opportunity cost). He does not care if the stock price rises, as earning a little less can be considered philanthropy, since any profits are also used for charitable purposes. 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