--- title: "The Hang Seng Index rose 75 points, regaining and losing 26,000. Alibaba rose 3%, MINIMAX plunged 11%. Experts indicate insufficient momentum in the stock market | Hong Kong stock market closing" type: "News" locale: "en" url: "https://longbridge.com/en/news/282826949.md" description: "The Hang Seng Index closed at 25,947 points, up 75 points, failing to stabilize above the 26,000 mark. The market was affected by the situation in the Middle East, with a turnover of HKD 245.5 billion. Alibaba rose 3.3% after releasing AI tools, while Tencent and Meituan also saw slight increases. Some technology stocks performed unevenly, with MINIMAX falling 10.9%. Innovative drug concept stocks rose across the board, with Rongchang Biologics up 9.1%" datetime: "2026-04-15T10:32:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282826949.md) - [en](https://longbridge.com/en/news/282826949.md) - [zh-HK](https://longbridge.com/zh-HK/news/282826949.md) --- # The Hang Seng Index rose 75 points, regaining and losing 26,000. Alibaba rose 3%, MINIMAX plunged 11%. Experts indicate insufficient momentum in the stock market | Hong Kong stock market closing The situation in the Middle East continues to dominate the market. In the next two days, the United States and Iran may return to the negotiating table in Pakistan. This news stimulated Asian stock markets to generally regain upward momentum, following the previous night's performance of US stocks. However, as the mainland A-shares weakened and the gains in technology stocks narrowed, the Hong Kong stock market once again failed to stabilize at the 26,000 level. The Hang Seng Index closed at its lowest point of the day, ending at 25,947 points, up only 75 points. The total market turnover was HKD 245.5 billion; northbound capital turned to a net inflow of HKD 4.222 billion. The Hang Seng Index opened 296 points higher following external markets, returning to the 26,000 level, with the increase at one point expanding to 344 points, reaching a high of 26,216 points. However, it subsequently fluctuated downward and ultimately closed at its lowest point of the day, ending at 25,947 points, up only 75 points, losing the 26,000 level again. The Hang Seng China Enterprises Index closed at 8,718 points, up 46 points. The Tech Index closed at 4,911 points, up 59 points. ## AI Large Model Stocks Plunge, Zhipu Down 9% Technology stocks showed mixed performance. Alibaba (9988) launched its first AI development tool, Meoo, with the stock rising 3.3% to close at HKD 128.6; Tencent (700) rose 1.2% to close at HKD 499; Meituan (3690) also increased by 1.4% to close at HKD 86.3. However, semi-new AI large model stocks fell sharply, with MINIMAX (100) dropping 10.9% to close at HKD 847.5; Zhipu (2513) plummeting 8.5% to close at HKD 867; and Xunce (3317) declining 8.5% to close at HKD 312.8. Some chip stocks rose, with Tianneng Zhixin (9903) increasing by 7.7% to close at HKD 371; Biran Technology (6082) rising 6.6% to close at HKD 38.58; SMIC (981) up 2.3% to close at HKD 59.3; and Hua Hong Semiconductor (1347) rising 0.2% to close at HKD 90.4. The State Council of China proposed 14 measures to improve the drug pricing mechanism. Citigroup stated that these measures will benefit innovative pharmaceutical companies. The innovative drug concept rose across the board, with Rongchang Biotechnology (9995) up 9.1% to close at HKD 118.3; Innovent Biologics (1801) rising 5.9% to close at HKD 91.4; Jingtai Holdings (2228) up 4.6% to close at HKD 10.13; and Hansoh Pharmaceutical (3692) rising 2.6% to close at HKD 39.4. ## PetroChina Down 3% International oil prices fell, and most oil-related stocks declined. PetroChina (857) dropped 3% to close at HKD 10.58; Sinopec (386) fell 1.7% to close at HKD 4.54; and CNOOC (883) slid 1.4% to close at HKD 26.22. Equipment stock Baqian Oilfield Services (2178) fell 6% to close at HKD 0.234; Shandong Molong (568) dropped 3.4% to close at HKD 8.36. ## Lingrui Surges 1.5 Times After Change of Ownership In individual stocks, Lingrui (784) was acquired by Haipuluosi at a price of HKD 0.36 per share, approximately 34% lower than before the suspension. After resuming trading, the stock surged 1.5 times, closing at HKD 0.91. Yaojie Ankang (2617) raised HKD 290 million through a placement at an 18% discount, while its stock price rose 1.1% to close at HKD 70.3. Another pharmaceutical stock, Genscript Biotech (2616), raised HKD 1.058 billion through a placement at a 7% discount, and its stock price also increased by 2.7% to close at HKD 9.9 Modern Chinese Medicine (1643) was named by the Securities and Futures Commission for its highly concentrated shareholding, with its stock price dropping 14.2% against the market trend, closing at HKD 2.59. Wuyi Vision (6651) recently saw its founder increase his stake by 1.8%. Its stock price rose 15.2%, closing at HKD 56.5. Recently, Wei Jun Biotechnology (660), which saw its stock price surge eightfold, plummeted 45.2%, closing at HKD 1.26. ## Chen Wei Cong: 25,000 points have support, 26,000 still has resistance Chen Wei Cong, Senior Investment Strategist at East Asia Securities, stated that the Hong Kong stock market is mainly reflecting the market's optimistic attitude towards the recent new round of talks between the U.S. and Iran possibly reaching a ceasefire consensus. However, the performance over the past two days has already anticipated the positive expectations of a ceasefire, and there is a lack of strong upward momentum, such as the relatively low proportion of pure AI stocks compared to U.S. stocks. Therefore, the overall performance opened high but fell back. He continued to point out that the market will continue to pay attention to the developments in the Middle East talks, whether oil prices will significantly decline, etc. At the same time, the focus is gradually shifting from geopolitical issues to the fundamentals of Chinese stocks, especially those companies in consumption, e-commerce, and food delivery platforms that were previously significantly impacted by competition and price wars. It is expected that the Hong Kong stock market will maintain a fluctuating pattern in the short term, with resistance at 26,000 points and strong support at 25,000 points. * * * 1215: The market is optimistic about the easing of the U.S.-Iran conflict, with the Hang Seng Index opening 295 points higher this morning, and the increase even expanded to 344 points, reaching a high of 26,216 points. It then fluctuated back down, closing at 26,069 points at noon, up 197 points or 0.76%, with half-day turnover of HKD 134.9 billion. The Tech Index reported 4,943 points at noon, up 91 points or 1.88%. ## AIA and "two oil barrels" decline against the market Among heavyweight blue-chip stocks, Alibaba (9988) rose over 4% at noon, along with Tencent (700) rising 1.6% and JD.com (9618) rising 5.5%, making them the main contributors to today's market rise. In contrast, AIA (1299) fell 1.4%, while CNOOC (883) and PetroChina (857) fell by 2% and 2.5%, respectively, dragging down the overall market. In terms of blue-chip stock price fluctuations, Lao Pu Gold (6181) surged 6%, making it the best-performing blue-chip; Baidu (9888) and Trip.com (9961) also rose over 4%; Innovent Biologics (1801) rose 3.9%. On the news front, Lao Pu Gold reportedly requires candidates for the position of in-store customer service manager to have over six years of experience in airline cabin crew work, including more than three years in a chief flight attendant position. Kaiyuan Securities stated that Lao Pu Gold has already demonstrated a high threshold for recruiting sales positions in stores and is continuously enhancing the service team configuration at the store level, constantly building a strong customer service capability for the brand. ## Internet healthcare stocks generally rise In terms of sector performance, internet healthcare stocks generally rose, with JD Health (6618) up 3.7%; Alibaba Health (241) up 3.3%, and Qing Song Health (2661) also up 2.7%. In terms of stocks with unusual movements, another "change of ownership stock" surged. Ling Rui (784) announced a change of ownership, with the offeror Haipulos completing the acquisition of 70.02% of the shares at a price of HKD 0.2375 per share, which is a 34% discount compared to before the suspension. The offeror must make an unconditional cash offer to the remaining shareholders at the same price. The group also stated that it plans to change its name to "Love Life International Group," and the shares resumed trading today The stock of Gai Yuan surged 122% to HKD 0.8 at the opening, later rising 275% to HKD 1.35, and as of noon, it was still up 233%, reported at HKD 1.2. * * * 0930: U.S. President Trump stated in an interview with U.S. media that the conflict in Iran is "close to ending," leading to heightened market expectations for a de-escalation of the conflict. All three major U.S. stock indices rose on Tuesday, with the Dow Jones closing up 317 points or 0.66%, at 48,535 points; the S&P 500 up 81 points or 1.18%, at 6,967 points; and the Nasdaq up 455 points or 1.96%, at 23,639 points. The Golden Dragon Index, which reflects the performance of Chinese concept stocks, also rose 2.35% to 7,016 points. ## Oil Prices Plunge 8% Nvidia Soars 18% in Ten Days International oil prices fell back, with New York crude oil dropping nearly 8% on Tuesday, closing at USD 91.28; Brent crude also fell 4.6%, closing at USD 94.79. Spot gold prices rose over 2% on Tuesday to USD 4,840.73. In the spotlight of U.S. stocks, Nvidia (NVDA) saw a cumulative increase of over 18% over ten consecutive days, adding USD 761.5 billion to its market value, closing at USD 196.51, up 3.8%. Additionally, Meta (META) committed to collaborating with Broadcom (AVGO) to create a 1-gigawatt custom chip, with both stocks rising 0.5% and 3.2% respectively after hours. ## Alibaba Opens Up 4% JD.com Rises 6% In the Hong Kong stock market, the Hang Seng Index opened 295 points higher, at 26,168 points. Tech stocks surged, with Alibaba (9988) opening up 4%; Tencent (700) up 1.4%; Meituan (3690) up 1.1%; Xiaomi (1810) up 1%; JD.com (9618) soaring 6%; and Baidu (9888) also up 4.9%. ## WuXi AppTec Plans 18% Discounted Placement However, there are increasing reports of market "water extraction." WuXi AppTec (2617) plans to place 5.085 million shares to raise HKD 290 million, equivalent to 1.65% of the expanded issued H shares and 1.26% of the issued shares, with a placement price of HKD 57.03 per share, an 18% discount to the previous closing price of HKD 69.55. The stock opened at HKD 67.5, down nearly 3%. ## CStone Pharmaceuticals Plans 7% Discounted Placement At the same time, CStone Pharmaceuticals (2616) plans to place 118 million shares to raise HKD 1.058 billion, equivalent to 7.4% of the expanded issued share capital, with a placement price of HKD 8.97 per share, a 7% discount to the previous closing price of HKD 9.64. The stock opened at HKD 9.6, down 0.4%. Regarding the northbound capital flow, there was a net sell of HKD 2.016 billion in Hong Kong stocks yesterday, with Pop Mart (9992), CNOOC (883), and SMIC (981) seeing net purchases of HKD 412 million, HKD 257 million, and HKD 67.03 million respectively; while the Tracker Fund of Hong Kong (2800), China Mobile (941), and Alibaba (9988) faced net sells of HKD 3.161 billion, HKD 582 million, and HKD 428 million respectively ### Related Stocks - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [YANG.US](https://longbridge.com/en/quote/YANG.US.md) - [YINN.US](https://longbridge.com/en/quote/YINN.US.md) ## Related News & Research - [Alibaba's New AI Video-Generation Model Tops Global Ranking After Debut](https://longbridge.com/en/news/282295136.md) - [China warns online travel platforms against automated train ticket programmes](https://longbridge.com/en/news/282346931.md) - [Trump: Iran talks 'could be happening over next two days' in Pakistan](https://longbridge.com/en/news/282717520.md) - [Swedbank maintains moderate overweight in equities - investment strategy](https://longbridge.com/en/news/282818460.md) - [European shares flat as investors weigh corporate earnings; Middle East in focus](https://longbridge.com/en/news/282800732.md)