BP#HSI RC2812S

Hang Seng Index Night Futures Fall

Hong Kong Q1 GDP Year Rate Initial Value Released

HANG SENG Index Futures Night Session Down 0.47%, Closes at 25885

Hong Kong's Taxation Surges 22%, Stamp Duty and Profits Tax Make Major Contributions

May and June Futures Last Trading Price Rises

HSI Futures Open 1.46% Higher at 25889 Points

Update on Hang Seng Bull and Bear Street Holdings Distribution

Hang Seng Index Futures Open Down 1.05%, Quoted at 25,561.17

Hang Seng Index Futures Down 211 Points, Unwind Contracts Decrease

HSI Night Index (May) Down 22 Points

Hang Seng Index Futures Open Up 0.36% at 25,800 Points

Changes in Bull and Bear Street Positions of Hang Seng Index

Hong Kong Index Futures Night Session Closes Down 0.27% at 25,632.73 Points

Hang Seng Index Night Futures Up 11 Points

Hang Seng Index Futures Open 0.02% Higher at 25,959.90 Points

CITIC Securities Displays Bull and Bear Warrant Street Inventory Distribution Data for Hang Seng Index

HSI April and May Futures Open Lower

HSI Night Index Closed Down 271 Points

Changes in Bull and Bear Warrant Street Positions of Hang Seng Index

Hang Seng Index Futures Night Session Rises 0.39% to 26,494

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The Census and Statistics Department reported that Hong Kong's GDP grew by 5.9% year-on-year in Q1 2026, surpassing expectations of 3.5% and marking the strongest quarterly growth in nearly five years. Private consumption expenditure also rose by 5% in real terms, significantly higher than the 2.5% increase in Q4 2025.

- The Census and Statistics Department of Hong Kong released preliminary estimates of the GDP for the first quarter of 2026.  
- The GDP grew by 5.9% in real terms compared to the same period last year, surpassing the market expectation of 3.5% and up from 4% in the fourth quarter of 2025.  
- Private consumption expenditure increased by 5% in real terms compared to the previous year, accelerating from a 2.5% increase in the fourth quarter of 2025.

AASTOCKS News

Hang Seng Index

HK 1Q Estimated GDP Growth Expands to 5.9% YoY, Far Exceeding Expectations, Strongest Quarterly Growth in ~5 Yrs

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Hong Kong's economy grew by 5.9% in Q1, marking the strongest growth in nearly five years and the 13th consecutive quarter of expansion. The government forecasts GDP growth of 2.5% to 3.5% for 2026, following 3.5% in 2025. Key drivers include strong global demand for AI-related electronics and increased visitor arrivals, although geopolitical tensions pose risks. Private consumption rose by 5.0%, and total exports surged by 23.8%. Financial Secretary Paul Chan emphasized the importance of AI development and talent enhancement for future growth.

- Hong Kong's economy grew by 5.9% year-on-year in Q1 2026, marking the strongest quarterly growth in nearly five years and the 13th consecutive quarter of expansion.  
- The government projects GDP growth for 2026 to be between 2.5% and 3.5%, supported by strong global demand for AI-related electronics and increasing visitor arrivals, despite some downward risks from geopolitical tensions in the Middle East.  
- Private consumption rose by 5.0% in Q1, and total goods exports surged by 23.8%, indicating a resilient economic outlook amid a changing external environment.

CSOP HSI ETF

ISHARESHSI

TRACKER FUND

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Hong Kong Q1 GDP expands at strongest pace in nearly five years

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At midday, the HSI fell 302 points (1.2%) to 25,793, while the HSTI dropped 90 points (1.8%) to 4,885. Notable declines included XIAOMI down 3.2% to $29.98, TENCENT down 1.1% to $467.6, and LI NING down 4.3% to $19.4. In contrast, GOFINTECH QUANT rose 1.7% to $8.32, reaching a new high. Overall, the market showed significant downward movement with several heavyweights experiencing losses.

Xiaomi Corporation

LI NING

Hang Seng TECH Index

TENCENT

HSI Down 302 pts; HSTI Down 90 pts; XIAOMI Down over 3%; GOFINTECH QUANT Hit New Highs

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Asian markets opened cautiously on Tuesday, influenced by oil prices and geopolitical tensions, particularly between the U.S. and Iran. The MSCI Asia-Pacific index fell 0.3%, with Hong Kong's Hang Seng Index down 1.3%. Oil prices remain elevated, reviving inflation fears, while the Japanese yen's volatility adds to market unease. The session was thin due to holidays in Japan and South Korea, leading to exaggerated market movements. Investors are wary of potential supply disruptions and military escalations, making the market fragile.

Invezz

HS HSI ETF-R-D

China Southern Hang Seng ETF

CSI 300

Hang Seng slides as Asian markets turn cautious on oil, geopolitics

Hong Kong Monetary Authority Chief Executive Yu Weiwen announced that after the launch of the first batch of stablecoins, the authority will consider issuing new licenses. He noted that the number of licenses will be strictly controlled based on market capacity and emerging risks to manage expectations. Continuous monitoring of stablecoin implementation will also be conducted.

CoinLive

Hong Kong Monetary Authority to Consider New Licenses After Stablecoin Launch

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BABX

The Hong Kong stock market saw gains on Monday, with the Hang Seng Index rising 319.35 points or 1.24% to close at 26,095.88. This follows a two-day decline of nearly 300 points. Despite the positive performance, the outlook for Asian markets remains negative due to escalating tensions in the Middle East. Major U.S. indices closed lower, influenced by rising crude oil prices amid geopolitical concerns. Notable stock movements included Alibaba up 4.52% and Xiaomi soaring 6.75%.

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KraneShares 2x Long BABA Daily ETF

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BABA-W

Hang Seng May Hand Back Monday's Gains

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Uzbek Prime Minister Abdulla Aripov will join a 200-member delegation visiting Hong Kong to explore collaboration opportunities. The visit follows a charter flight arrival of the delegation, marking a significant milestone in Hong Kong-Uzbekistan relations. High-level discussions will focus on sectors like re-exports, digital economy, and sustainable development. The delegation aims to enhance Uzbekistan's market presence and attract foreign investment, with plans for seminars to deepen collaboration. Uzbekistan is set to join the World Trade Organization by 2026, positioning itself as a key manufacturing and logistics hub in Central Asia.

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Tencent Holdings Limited

Uzbek PM Abdulla Aripov to join ‘milestone’ 200-member delegation in Hong Kong

Hong Kong experienced a 4.8% increase in mainland Chinese visitors during the first three days of the Labour Day holiday, totaling 714,765 visits. However, spending was uneven, with casual dining seeing strong growth while upscale restaurants struggled. Hotel occupancy rates could reach 90%, but rainy weather and flexible travel patterns may impact demand. Retailers reported satisfactory sales, particularly in luxury goods, driven by an increase in inbound visitors and curated events. The trend of multi-destination trips is also influencing visitor behavior, as travelers adapt plans based on weather conditions.

- During the Labor Day “Golden Week” holiday, Hong Kong recorded a 4.8% increase in Mainland visitors, totaling 714,765 from May 1 to May 3.  
- However, uneven consumer spending and evolving travel preferences may strain businesses, despite hotel occupancy potentially reaching 90%.  
- Retailers have reported strong sales, particularly in luxury goods and experiential products, indicating a shift towards unique offerings for tourists.

HENDERSON LAND

‘Golden week’: Hong Kong draws more mainland Chinese visitors but spending uneven

Hong Kong's tax revenue surged 22% to HK$458.3 billion (US$58.5 billion) for the year ending March 31, driven by a strong stock market and increased property transactions. Key contributors included a 61% rise in stamp duty to HK$102.6 billion, a 20% increase in profits tax to HK$212.6 billion, and a 10% rise in salaries tax to HK$97.7 billion. The growth was supported by a robust pipeline of initial public offerings, with 37 companies raising US$13.26 billion in Q1, marking a 453% year-on-year increase.

- Hong Kong's overall tax revenue increased by 22% last year, reaching HKD 458.3 billion ($58.5 billion), driven by an active stock market and rising property transactions.  
- The growth was primarily fueled by a 61% surge in stamp duty to HKD 102.6 billion, while profits tax rose by 20% to HKD 212.6 billion and payroll tax by 10% to HKD 97.7 billion.  
- Strong IPO activity, with 37 companies raising approximately $13.26 billion on the stock exchange in the first three months, contributed significantly to tax revenue growth.

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Hong Kong Exchanges and Clearing (HKEX)

Hong Kong tax revenue jumps 22% to HK$458 billion

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The HSI closed up 319 points, or 1.2%, at 26,095, following a strong performance in Asia-Pacific markets. Major blue chips like HSBC, AIA, and Tencent saw gains, with Alibaba and Xiaomi rallying significantly. AI-related stocks surged, reflecting increased usage of China's large AI models. Total market turnover reached HKD176.979 billion, while renewable energy stocks also advanced. Notably, NIO shares fell despite reporting a 23% YoY increase in deliveries. Overall, the market showed positive momentum driven by technology and AI sectors.

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Alibaba

HSI Closes Up 319 pts; BABA-W  and XIAOMI-W Rally as AI Stocks Surge

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Asia stocks rose on Monday, with South Korea's KOSPI hitting a record high of 6,828.33 points, boosted by strong gains in memory chip makers Samsung and SK Hynix. Hong Kong's Hang Seng index increased by 1.7%, driven by rebounds in tech stocks like Baidu and Xiaomi. Broader Asian markets were mostly positive, influenced by Wall Street's previous gains, while Australia's ASX 200 fell 0.2% amid expectations of further interest rate hikes by the Reserve Bank of Australia due to inflation concerns.

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Guotai CES Semiconductor Chip Industry ETF

China Merchants CSI Semiconductor Industry ETF

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GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

E Fund CSI Semiconductor Material & Equipment Thematic ETF

Asia stocks rise; S.Korea at record high, Hong Kong up on tech gains

Financial Secretary Paul Chan forecasts Hong Kong's economy will grow over 4% in 1Q26, the strongest in nearly five years, driven by improved private consumption, exports, and fixed investment. Exports rose 32% in value, with significant increases to Mainland China and ASEAN. Visitor arrivals surged 17% YoY, exceeding 14.3 million. The government is monitoring the impact of rising oil prices and has announced HKD2 billion in support measures for small and medium-sized enterprises. Total tourism spending is expected to exceed HKD240 billion, bolstering retail and catering sectors.

Paul Chan Forecasts Hong Kong 1Q26 Econ Growth Exceeding 4%, Strongest in Nearly Five Years

Hong Kong is poised for its strongest quarterly growth in nearly five years, driven by a 17% increase in visitor numbers and a 5.2% rise in retail and catering activity, according to Financial Secretary Paul Chan. The first-quarter GDP is expected to surpass the revised 4% growth from the previous quarter. Inbound tourism is strong, with over 14.3 million visitors in Q1, leading to a projected tourism-related spending of over HK$240 billion. The jobless rate fell to 3.7%, and there is positive market sentiment with robust stock trading and a rising property sector.

- Hong Kong is set to achieve its strongest quarterly growth in nearly five years, with a 17% increase in visitor numbers and a 5.2% rise in retail and dining activity, according to the Financial Secretary.  
- During the first two days of China's Labor Day "Golden Week," 602,000 tourists visited Hong Kong, indicating a robust rebound in inbound tourism.  
- The first quarter GDP is expected to exceed the revised 4% growth from the previous quarter, supported by strong consumer spending and substantial exports.

Finance chief says Hong Kong on track for strongest quarterly growth in 5 years

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