GJMTUAN@EC2612B

LEOCH INT'L

STARGLORY HLDGS

INTELLIMARK W27

BEST FOOD HLDG

GAOYU FINANCE

EXTREME VISION

TIAN TU CAPITAL

HSC RESOURCES

EPI (HOLDINGS)

LAP KEI ENGRG

BABX

03690

.HXC

KBAB

09988

00241

MPNGY

01810

The Nasdaq Golden Dragon China Index was initially down 0.2%. Among popular Chinese stocks, Pony.ai was initially down 3%, WeRide down 2.2%, XPeng, Yum China, and Xiaomi down more than 1%, Alibaba up 0.2%, and Meituan up 0.5%

Wallstreetcn

BABA 2x Long Daily ETF - GraniteShares

MEITUAN

NASDAQ Golden Dragon China Index

WERIDE-W

KraneShares 2x Long BABA Daily ETF

Krne Csi China Internet

BABA-W

ALI HEALTH

YUM China

Invesco Golden Dragon China

Meituan

Roundhill China Dragons ETF

XIAOMI-W

YUM CHINA

XPeng

China Renaissance has reaffirmed a Buy rating on Meituan (MPNGF) with a price target of HK$120.00. This follows a similar Buy rating from CGS International's Lei Yang CFA on March 31. However, Barclays issued a Sell rating on Meituan on March 27.

- China Renaissance has maintained a Buy rating on Meituan, setting a price target of HK$120.00.  
- Additionally, CGS International's Lei Yang CFA also rated Meituan as a Buy in a report on March 31.  
- Conversely, Barclays issued a Sell rating on Meituan on March 27.

Tip Ranks

China Renaissance Reaffirms Their Buy Rating on Meituan (MPNGF)

02618

09618

06618

China's market regulator has ordered major food delivery platforms, including Meituan, Taobao Shangou, and JD.com, to enhance food safety measures ahead of new regulations set to take effect in June. The State Administration for Market Regulation emphasized the need for strict compliance with safety requirements, self-inspections, and improved management of delivery processes. Food delivery riders are also encouraged to participate in safety supervision.

- China's market regulator has mandated major food delivery platforms to enhance food safety protocols before new regulations take effect in June.  
- The State Administration for Market Regulation directed Meituan, Taobao Shangou, and JD.com to adhere to stringent regulatory requirements and ensure food safety responsibilities are met.  
- Platforms are required to conduct self-inspections, tighten vetting and management processes, and encourage riders to engage in safety supervision.

Yahoo Finance

JD LOGISTICS

JD.com

JD-SW

JD HEALTH

China regulator orders food delivery giants to strengthen safety controls

BABA

TCEHY

00700

EBIZ

The Nasdaq Golden Dragon China Index initially closed down 0.3%. Among popular Chinese concept stocks, Tencent initially closed down 2%, while Xiaomi, JD.com, Meituan, Alibaba, and PDD fell by at least about 1%. Li Auto rose 0.4%, Xpeng rose 1.1%, and NIO rose 1.2%

NIO Inc

Li Auto

NIO-SW

XPENG-W

Alibaba

LI AUTO-W

Tencent

TENCENT

Tencent Holdings Limited

Xiaomi Corporation

Roundhill China Magnificent Seven ETF

KraneShares 2x Long PDD Daily ETF

KraneShares 2x Long JD Daily ETF

Direxion FTSE China Bull 3X

GraniteShares 2x Long PDD Daily ETF

Global X E-commerce ETF

iShares MSCI China

00883

06869

Hong Kong's three major indices closed lower today, with the Hang Seng Index and the Hang Seng Tech Index undergoing significant corrections, reflecting safe-haven sentiment and short-term volatility under market pressure. Certain auto and resource stocks performed strongly, with Shandong Molong and Geely Automobile attracting concentrated capital, indicating a structural divergence in market focus. As fluctuations in external trade and the macroeconomic environment persist, investors should monitor policy guidance, exchange rates, and international capital flows. This article summarizes the performance of major sectors, market focus stocks, and active trading directions

- On April 2, Hong Kong's stock indices experienced significant declines, with the Hang Seng Index closing at 25,116.53 points, down 0.70%.  
- The market sentiment was pressured by fluctuating import-export rates, leading to uncertainty in corporate profit expectations.  
- Mixed sector performances were noted, with notable gains in select stocks like Geely Automobile, which rose 8.37%, while major tech stocks like Alibaba and Xiaomi faced declines.

LB Select

GEELY AUTO

CNOOC

SHANDONG MOLONG

ZHIDA TECH

HK.AI CAPITAL

YOFC

SMIC

POP MART

Hong Kong Market Close | Three major indices fall across the board, tech sector leads declines, while auto and resource stocks remain active against the trend

159621

ONLN

512380

IBUY

517550

Meituan's self-operated instant retail business, Little Elephant Supermarket, has officially opened its first store in Xianyang. It is positioned as a "30-minute quick delivery supermarket" for community residents, using a "mobile app + offline service station" operating model. Currently, the service network of Little Elephant Supermarket has covered more than 20 major cities across the country, including Beijing, Shanghai, Guangzhou, Shenzhen, Wuhan, Nanjing, and Xi'an

AASTOCKS

SPDR S&P Retail ETF

Guotai MSCI China A ESG General ETF

ProShares Online Retail

Yinhua MSCI China A ETF

Amplify Online Retail ETF

VanEck Retail ETF

China Merchants CSI Hugangshen Staples Leading ETF

Meituan's Little Elephant Supermarket opens its first store in Xianyang

513040

513770

01070

On April 2, the three major Hong Kong stock indices were under overall pressure during intraday trading, with the Hang Seng Tech Index falling by over 2%. Profit-taking pressure was released, and market sentiment remained weak. The internet sector collectively declined, with Alibaba and Xiaomi both dropping more than 4%. Shandong Molong delivered a standout performance, surging 19.90% against the trend during the session, with turnover exceeding HK$3.1 billion. On the macro front, focus remains on import/export fluctuations and PMI data, as the foundation for economic recovery still needs consolidation

- As of April 2, Hong Kong's major stock indices faced pressure, with the Hang Seng Index dropping 1.30% to 24,965.78 points.  
- The electronics sector struggled due to weak downstream demand, influencing major companies like TCL Electronics and Skyworth, while the internet content sector declined amid tighter regulations and overall market adjustments.  
- Investors are closely monitoring external trade data amid ongoing economic recovery concerns, with specific stocks like Shandong Molong and Geely Automobile showing significant gains.

Market Heartbeat

E Fund CSI HK Connect Internet ETF

Hwabao CSI HK Equities Internet ETF

iShares China Large Cap

TCL ELECTRONICS

SKYWORTH GROUP

SUNNY OPTICAL

KNOWLEDGE ATLAS

HK Stocks Intraday | Tech Stocks Under Pressure as Alibaba Falls 4.07%; Shandong Molong Surges 19.90% Against the Trend

STECH

00HSI

02837

520920

The Hang Seng Index closed at 25,017 points, down 276 points or 1.1%. The Hang Seng TECH Index reported 4,651 points, down 104 points or 2.2%. Xiaomi Group fell over 4%, Alibaba fell over 3%, and MEITUAN fell over 3%. Geely, Bank of China, Guofu Quantum, Weili Zhibo-B, and Huishang Bank reached new highs

Hang Seng TECH Index

Hang Seng Index

GX HS TECH

Tianhong Hang Seng TECH ETF(QDII)

The Half-Day Report: The Hang Seng Index fell by 276 points; the Hang Seng TECH Index dropped by 104 points. Xiaomi Group fell over 4%, Alibaba fell over 3%, and MEITUAN fell over 3%. Geely, Bank of China, Guofu Quantum, Weili Zhibo-B, and Huishang Bank reached new highs

On April 2, all three major Hong Kong stock indices weakened intraday, with the HSI falling 1.01%, failing to return to the previous trading day's high. Hardware, retail, and internet content sectors declined across the board, led by leading stocks like Xiaomi Group, Alibaba, and Tencent Holdings. Market turnover was active, while YOFC and GEELY AUTO stood out by bucking the trend. Investors are focusing on changes in market volume and macroeconomic recovery guidance

- On April 2, 2026, Hong Kong's three major indices declined, reflecting cautious market sentiment.  
- The Hang Seng Index fell 1.01% to 25,037.41, unable to surpass its previous high, while the tech sector led the losses with Tencent dropping 1.33%.  
- Market participants are closely monitoring upcoming economic data to gauge recovery prospects, amidst a strong US dollar affecting performance.

BYD COMPANY

Hong Kong Stocks Intraday | Three Major Indices Collectively Weaken, Hardware and Retail Slump, XIAOMI-W Drops 3.87%

03088

03033

513180

On April 1st, Hong Kong stocks rose across the board, with the Hang Seng Index closing up 2.04% at 25,294.03 points, and the Tech Index rising 2.29%. The internet and retail sectors led the gains, with Tencent and Alibaba making significant contributions, while popular stock KNOWLEDGE ATLAS surged over 31%. The market was buoyed by positive macro data and AI innovation, with active trading, but high-level pressure still needs attention

- On April 1, Hong Kong's three major stock indices rose as risk appetite improved, with the Hang Seng Index closing at 25,294.03, up 2.04%.  
- The technology and internet sectors performed well, benefiting from AI advancements, while the oil and gas sector faced losses due to falling international oil prices.  
- Market focus remains on economic data and potential policy shifts, influencing stock performance and investor sentiment.

CAM HS TECH

CSOP HS TECH

ChinaAMC Hang Seng Technology ETF(QDII)

ISHARESHSTECH

HSTECH ETF

Hang Seng TECH ETF I

ZIJIN MINING

China Southern Hang Seng ETF

ISHARESHSI

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hong Kong stocks close | Hang Seng Index rises 2.04%, KNOWLEDGE ATLAS surges 31.94% to lead

513130

On April 1, the Hong Kong stock market saw a collective rise in major indices during intraday trading, with the Hang Seng Index up 2.39% and the Hang Seng Tech Index up 2.64%. The internet content and retail sectors performed strongly, with leading stocks such as Tencent Holdings and Alibaba-W significantly boosting market sentiment. The oil and gas sector, influenced by international oil prices, saw a contrarian pullback. Individual stocks like TCL ELECTRONICS and HANSOH PHARMA were active with robust trading volumes, while the market is closely watching macroeconomic data and changes in consumer confidence

- At midday on April 1, Hong Kong stocks rose, with the Hang Seng Index up 2.39% to 25,379.55 points, though it remains below recent highs.  
- The market observed significant movements in innovative sectors, with notable gains from companies such as Zhiyuan and TCL Electronics, while the energy sector faced pressure, highlighted by a drop in CNOOC shares.  
- Investor focus is shifting towards macroeconomic indicators like manufacturing PMI and unemployment rates amidst ongoing fluctuations in exports and trade.

CI-LEAP@EC2612A

LEAPMOTOR

WUXI APPTEC

SUN HUNG KAI CO

HANSOH PHARMA

Hong Kong Stocks Intraday | Hang Seng Index Rises 2.39%, Internet Retail Strong

Citic Securities has maintained a Buy rating on Meituan (MPNGF) as of March 30, setting a price target of HK$115.00. The stock closed at HK$84.20, indicating a potential upside of 35.77% based on the analyst consensus of a Strong Buy with an average target of HK$114.32. Additionally, DBS also reaffirmed a Buy rating with a price target of HK$119.00.

- Citic Securities analyst maintained a Buy rating on Meituan with a price target of HK$115.00.  
- The company’s shares closed at HK$84.20, and the analyst consensus suggests a Strong Buy with an average price target of HK$114.32, indicating a potential upside of 35.77%.  
- DBS also affirmed a Buy rating for Meituan, setting a price target of HK$119.00.

Citic Securities Keeps Their Buy Rating on Meituan (MPNGF)

As of noon, the three major Hong Kong stock market indices collectively declined significantly, with the Hang Seng Tech Index leading the drop by nearly 1%, reflecting cautious market sentiment and low risk appetite. On the sector front, heavyweight stocks suffered heavy losses, with internet services and fiber optic cable sectors performing poorly. Tencent Holdings experienced volatility, dropping over 0.08%, influenced by reduced buyback activity and substantial short selling. Industry leaders such as Alibaba, YOFC, and BYD Electronic also saw significant pullbacks. Amid pressure on mainstream sectors, market funds exhibited distinct structural arbitrage, shifting towards small-cap themes and emerging economy stocks, with CMON, CH RENEW EN INV, and J&T EXPRESS-W rising sharply against the trend. At the macroeconomic level, investors are closely watching the long-term impact of trade data on industry differentiation. Overall, the current Hong Kong stock market is characterized by intense competition within existing capital pools, displaying a clear pattern of "pressure on leaders, activity in themes."

- As of midday, Hong Kong's three major indices saw significant declines, indicating pressured market sentiment.  
- The Hang Seng Index closed at 24,624.55, down 0.51%, while the Hang Seng Tech Index and the State-owned Enterprises Index fell 0.94% and 0.84% respectively, reflecting overall weaknesses in the market.  
- Investor attention is heavily focused on macro data affecting trade and capital movement, leading to a generally cautious outlook amidst noticeable sector rotation.

BYD ELECTRONIC

CMON

SYNAGISTICS

CH RENEW EN INV

J&T EXPRESS-W

ZIJIN GOLD INTL

Hong Kong Stocks Midday Review | Hang Seng Index Drops 0.51% Below 25,000 Points, Tech and Fiber Optic Cable Sectors Plunge, CMON Surges Intraday

00467

Today, Hong Kong's three major indices collectively trended lower, with market sentiment significantly pressured by the external environment and policy changes; the Hang Seng TECH Index retreated by nearly 0.5%. On the market front, the oil and gas sector fell across the board due to international oil price fluctuations, with CNOOC and UNITEDENERGY GP leading the declines. Internet giants diverged; while TENCENT rose slightly, its intraday short-selling turnover exceeded HK$3 billion, indicating intense long-short contention. Meanwhile, the market showed clear structural opportunities, with retailers and the AI sector performing actively. JST GROUP, COWELL, and other stocks surged significantly, while Asymchem jumped 12% against the trend, bolstered by strong earnings and dividend plans. Overall, competition among existing funds within the market intensified, and investor caution remained high, with capital flows tilting toward high-performance stocks and those supported by buybacks

- Hong Kong's major indices experienced significant adjustments, with the Hang Seng Index at 24,719.62, down 0.13%.  
- The oil and gas sector faced notable declines, influenced by international oil price fluctuations, while retail stocks showed volatility with significant gains for some companies.  
- Market sentiment remains cautious amid concerns over liquidity and external economic conditions, suggesting differentiated risk preferences and structural opportunities.

UNITEDENERGY GP

KUAISHOU-W

SENSETIME-W

BIDU-SWR

PHANCY

HORIZONROBOT-W

JST GROUP

COWELL

Asymchem

Hong Kong Stocks Intraday | Hong Kong's Three Major Indices Fall Across the Board: TENCENT Edges Up Against the Trend Amid Divergence, Oil and Gas Sector Plunges to Lead the Decline

Every new discussion zone marks a new step in the growth of our community. Here, you’ll find the latest unlocked stock discussion zones and connect with fellow investors. Thank you for being part of this journey — let’s grow together! 🚀

Every new discussion zone marks a new step in the growth of our community. Here, you’ll find the latest unlocked stock discussion zones and connect with fellow investors. Thank you for being part of this journey — let’s grow together! 🚀

NewDiscussionZones

$MEITUAN(03690.HK)Meituan (3690.HK) has had a brutal year. But with subsidy wars cooling and overseas expansion gaining traction, is the worst finally over?🔹 Technical Snapshot❤️ Meituan is trading at HKD81.95, hovering just above support at HKD 80.24. The stock has been in a clear downtrend since peaking near 52 weeks high, HKD160.8, with resistance now at HKD88.02–HKD89.80.❤️ RSI sits at 48.79–49.35, daily charts. In neutral but leaning bearish, confirming subdued momentum. The stock is trading near the lower Bollinger Band, signaling ongoing weakness.❤️ Bearish trend intact and waiting for a catalyst to reverse.🔹 Fundamental Snapshot2025 was a brutal year for Meituan. The food delivery subsidy war pushed the company to a net loss of 234 billion yuan. Q4 revenue grew just 4% while adjusted net loss hit 15.1 billion yuan.However, signs of a turnaround are emerging. Regulators have signaled the subsidy war should and must end. Analysts expect 2026 to be the trough.Key positives:❤️New business crossed 100 billion yuan revenue (+19%).❤️Keeta overseas: Hong Kong already profitable and target Saudi Arabia profitability by late 2026❤️AI investments: 26 billion yuan R&amp;D spend in 2025 (+23%).🔹 My verdict:Technicals remain weak, but fundamentals suggest the worst may be priced in. For patient investors, the risk-reward is improving.🔹 Further information:Analyst sentiment on Meituan remains broadly positive. Most analysts maintain a Buy/Outperform ratings despite ongoing competition concerns and mixed recent earnings.Not financial advice. Trade safety and stay vigilant at all times.

Meituan HK SDR 5to1

MEITUAN-WR

The boat for long term investing of S-REITs have came back to port again. Buying at this level has little downside and would offer a larger margin of safety when mean reversion occurs.

🇺🇸🇭🇰🇸🇬 Big moves across US, HK, SG markets. Join the chat &amp; earn Task Coins!

GJMTUAN@EC2612B(27979.HK)

GJMTUAN@EC2612B Stock Performance Chart

The Nasdaq Golden Dragon China Index was initially down 0.2%. Among popular Chinese stocks, Pony.ai was initially down 3%, WeRide down 2.2%, XPeng, Yum China, and Xiaomi down more than 1%, Alibaba up 0.2%, and Meituan up 0.5%

China Renaissance Reaffirms Their Buy Rating on Meituan (MPNGF)

China regulator orders food delivery giants to strengthen safety controls

The Nasdaq Golden Dragon China Index initially closed down 0.3%. Among popular Chinese concept stocks, Tencent initially closed down 2%, while Xiaomi, JD.com, Meituan, Alibaba, and PDD fell by at least about 1%. Li Auto rose 0.4%, Xpeng rose 1.1%, and NIO rose 1.2%

Hong Kong Market Close | Three major indices fall across the board, tech sector leads declines, while auto and resource stocks remain active against the trend