"Hong Kong Stocks" The Hang Seng Index closed up 551 points, Tencent rose over 7%, MiniMax surged 22%

AASTOCKS
2026.03.10 08:29

U.S. President Trump stated that the war with Iran is nearing its end, leading to a rise in global stock markets. The Hong Kong stock market rose. The Hang Seng Index opened up 331 points, with the initial gain narrowing to 203 points at 25,611 points, before the increase expanded again, closing at a daily high of 25,959 points, up 551 points or 2.2%; the National Index rose 128 points or 1.5%, closing at 8,710 points; the Hang Seng Tech Index rose 118 points or 2.4%, closing at 5,060 points. The total market turnover for the day was HKD 330.929 billion.

The OpenClaw craze continues, with AI stocks MiniMax (00100.HK) and Zhipu (02513.HK) rising 22.4% and 12.9%. Tencent (00700.HK) subsidiary CodeBuddy saw a surge in traffic, with its stock price rising 7.3% to HKD 553.5. INSILICO (03696.HK) rose 10.8%.

In other tech stocks, Alibaba (09988.HK) and Bilibili (09626.HK) rose 3.7% and 4%, Meituan (03690.HK) and Kuaishou (01024.HK) rose 0.5% and 1.4%, while NetEase (09999.HK), JD.com (09618.HK), and Baidu (09888.HK) rose between 2.2% and 2.9%. Additionally, Weimob (02013.HK), Xindong (02400.HK), and JD Health (06618.HK) rose 4% to 4.9%, while Kingsoft Cloud (03896.HK) fell 4.5%. XunCe (03317.HK) is expected to see revenue growth of over 100% last year, with its stock price soaring 32.9%, trading over HKD 2.77 billion. Chip stocks Wallin (06082.HK) and TianShu ZhiXin (09903.HK) surged 9.3% and 30.2%, while SMIC (00981.HK) and HuaHong (01347.HK) rose 5.5% and 3.8%. Mobile component stocks Goertek (01415.HK) and Lens Technology (06613.HK) rose 6% and 6.5%, while QiuTai (01478.HK) rose 5.4%. Wire stocks Changfei Optical Fiber (06869.HK) surged 24.3%.

Pharmaceutical stocks saw demand, with Sanofi (01530.HK) and Kelun-Biotech (06990.HK) rising 6.9% and 8.8%, and Kangfang (09926.HK) rising 10.9%. Rongchang (09995.HK), Junshi (01877.HK), and Innovent Biologics (01801.HK) rose between 4.9% and 5.2%. Automotive stocks BYD (01211.HK) and Xiaomi (01810.HK) fell 1.1% and 0.2%. Battery stock CATL (03750.HK) saw a 42% increase in net profit last year, exceeding market expectations, with its stock price rising 9.3%. Autonomous driving stock Pony.ai (02026.HK) rose 6.5%, and autonomous driving chip stock Horizon (09660.HK) rose 4.1% Robot concept stocks Sanhua Intelligent Control (02050.HK) and Suoteng Juchuang (02498.HK) rose by 4.1%.

Oil prices fell significantly, with oil stocks PetroChina (00857.HK) and CNOOC (00883.HK) dropping by 3.6% and 1.6%. Oil equipment stock Shandong Molong (00568.HK) fell by 13.1%, with a turnover of over HKD 4.78 billion. Airline stock Cathay Pacific (00293.HK) rose by 3.6%. Commodity stocks Zijin Mining (02899.HK), Jiangxi Copper (00358.HK), and Luoyang Molybdenum (03993.HK) each rebounded by over 2%, while Chalco (02600.HK) fell by 3.6%.

In the financial sector, HSBC (00005.HK) and AIA (01299.HK) rose by 4.6% and 4.7%, Standard Chartered (02888.HK) rose by 5.6%, and Hong Kong Exchanges and Clearing (00388.HK) rose by 2.4%. Domestic insurance stocks PICC (02328.HK), Taikang (02601.HK), and China Life (02628.HK) each increased by 2.6% to 3.2%. Other stocks included heavy machinery stocks Zoomlion (01157.HK) and SANY Heavy Industry (06031.HK) rising by 5.7% and 7.9%, JD Logistics (02618.HK) rising by 3.6%, and Techtronic Industries (00669.HK) and Mao Geping (01318.HK) rising by 3.1% and 5.1%. The Tracker Fund (02800.HK) closed up by 2.2%, with a turnover of HKD 37.14 billion

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