UB#KUASORC2609B

TOUYUN BIOTECH

ONE MEDIA GROUP

JINYUAN HCHEM

JTF INTL

C FIN INT INV

SINO ICT

CH DEMETER FIN

SINGASIA HLDG

AOM INT'L

CHINA RISUN GP

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01024

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As of noon on March 12, the three major indices of the Hong Kong stock market collectively retreated, with the Hang Seng Index down 1.23% and the Hang Seng Tech Index down 1.21%. The internet content and retail sectors performed poorly, with industry leaders collectively under pressure; the oil and gas sector showed mixed trends, with China National Offshore Oil Corporation rising 3.42% against the trend. Macroeconomic data indicates a slow recovery in external trade and consumption, leading to a cautious market sentiment, with funds focusing on weight differentiation and short-term risk aversion

- As of midday, Hong Kong's three major indices fell, reflecting cautious market sentiment with the Hang Seng Index at 25,579.52, down 1.23%.  
- Pressure from previous highs has emerged, with key sectors like internet content and retail showing declines, indicating a cautious consumer recovery.  
- The market is closely observing macroeconomic indicators, influenced by slow external trade and retail performance, leading to a defensive positioning by investors.

Market Heartbeat

CNOOC

TENCENT

KUAISHOU-W

BABA-W

JD-SW

SINOPEC SSC

DATANG POWER

TRIP.COM-S

MOBVISTA

Hong Kong Stock Midday Review | Hang Seng Index down 1.23%, Internet sector weak, CNOOC up 3.42%

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The three major indices of the Hong Kong stock market slightly adjusted today, with the Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index failing to continue reaching new highs during this phase, as the market oscillated around previous highs. The internet and telecommunications sectors showed mixed performance, with Tencent Holdings and Alibaba experiencing slight declines, while Changfei Fiber Optics fell 7.23%, leading the decline among popular stocks. Shandong Molong and CATL strengthened against the trend, with overall trading activity being active, as market sentiment leaned towards caution during the intermittent macro data period

- Today's Hong Kong stock market saw slight declines with cautious sentiment, as the Hang Seng Index closed at 25,898.76, down 0.24%.  
- Key sectors experienced mixed performances, with notable declines in retail stocks like Meituan, which fell 2.15%.  
- Shandong Molong surged 17.29%, becoming a focal point for market interest despite overall profitability concerns in sectors like communication equipment.

YOFC

CHALCO

HORIZONROBOT-W

LI AUTO-W

SUNNY OPTICAL

CMOC

BIDU-SW

NANJING PANDA

MEITUAN

SHANDONG MOLONG

QUANTGROUP

Hong Kong stock market closing | Hang Seng Index down 0.24%, high-level consolidation, Shandong Molong surged 17.29%

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BABA

TCTZF

TCEHY

The Hong Kong stock market opened higher in the morning session, driven by Tencent, with the Hang Seng Index opening up 152 points at 26,112 points. Tencent opened up 4.4%, and Baidu opened up 1.8%. Nio recorded quarterly profits for the first time, with its stock price opening up 15%. Other tech stocks such as Alibaba, Kuaishou, and Meituan also opened higher to varying degrees, while financial stocks like HSBC opened lower. Overall, the market showed volatility due to the impact of the war between the United States and Israel against Iran

AASTOCKS

NIO-SW

CSOP HSI ETF

ChinaAMC Hang Seng ETF

Hang Seng Composite Index

FI CSOP HSI

CSOP HS TECH

TRACKER FUND

Alibaba

Harvest Hang Seng SCHK Technology ETF

ChinaAMC Shanghai-Hong Kong Tong Hang Seng ETF

Tencent Holdings Limited

China Southern Hang Seng ETF

E Fund Hang Seng ETF(QDII)

Yinhua MSCI China A ETF

Baidu

Tencent

Hwabao WP CSI Intelligent Electric Vehicle ETF

FI2CAMNDQ100

"Hong Kong Stocks" The Hang Seng Index opened high at 152 points, Tencent continued to rise, Nio bounced 15%

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The Hang Seng Index closed at a high for the day, ending at 25,959 points, up 551 points, benefiting from the AI lobster boom and a 7.3% rise in Tencent's stock price. The rebound in U.S. stocks drove Hong Kong stocks to open higher and continue to rise, with trading volume falling to HKD 330.9 billion. MINIMAX and Zhipu, among other AI concept stocks, performed strongly, rising 22.4% and 12.9% respectively. Other AI application stocks such as Alibaba and KUAISHOU also saw increases

- U.S. President Trump hinted at a potential end to the conflict with Iran, while G7 meetings suggested a possible release of strategic oil reserves, causing oil prices to drop over 8% to between $86 and $90.  
- Asian markets followed the U.S. rebound, with Hong Kong's Hang Seng Index closing at 25,959 points, up 551 points, aided by a surge in AI-related stocks.  
- Despite a drop in trading volume to HK$330.9 billion, key stocks like MINIMAX and Tencent saw significant gains due to growing interest in AI applications, while oil-related shares experienced declines.

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MINIMAX-WP

The Hang Seng Index closed at a daily high, rising by 551 points. Tencent benefited from the lobster tide, increasing by 7%. Analysts expect the upward trend to continue. | Hong Kong Stock Market Closing

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Hong Kong stocks are under pressure during the trading session, with all three major indices retreating collectively. The Hang Seng Index fell by 1.59%, while the Hang Seng Tech Index showed resilience with a slight pullback. The oil and gas exploration sector strengthened against the trend, driven by rising energy prices, with SHANDONG MOLONG and CNOOC being active. TENCENT's trading volume exceeded HKD 12.5 billion, as overall market risk aversion increased, focusing on macro and external risks

- Hong Kong stocks are under pressure, with major indices retreating; the Hang Seng Index is at 25,347.42, down 1.59%.  
- The oil and gas exploration sector is gaining, driven by rising energy prices, while retail stocks are declining due to weak consumer demand.  
- Key stocks include Shandong Molong up 23.73% and CNOOC up 2.93%, whereas Tencent is down 0.77%, indicating mixed investor sentiment amid cautious market conditions.

PETROCHINA

XIAOMI-W

Shandong Molong

Hang Seng TECH Index

Hang Seng Index

Hong Kong Stock Market Update | Hang Seng Index down 1.59%, oil and gas stocks strengthen, Tencent's trading volume exceeds 12.5 billion

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As of noon on March 9, 2026, all three major indices of the Hong Kong stock market fell, with the Hang Seng Index down 2.55% and the Technology Index down 2.34%. The oil and gas exploration sector strengthened against the trend due to rising oil prices, with CNOOC rising 6.99% leading the trading volume. The internet and retail sectors were generally under pressure, with market risk appetite clearly declining and overall market sentiment being cautious

- As of March 9, 2026, Hong Kong's major stock indices faced pressure, with the Hang Seng Index falling 2.55% to 25,101.16, and other indices similarly declined.  
- The oil and gas exploration sector gained, with CNOOC up 6.99%, while tech stocks like Tencent and Baidu experienced losses due to high valuation pressures.  
- Investor sentiment remains cautious, heavily influenced by external economic changes, as trading activity focuses on defensive sectors despite overall weak market conditions.

MNSO

UNITEDENERGY GP

KINGSOFT CLOUD

MENGNIU DAIRY

CHINA OILFIELD

YANCOAL AUS

Hong Kong Stock Market Mid-Review | Hang Seng Index down 2.55%, CNOOC up 6.99%

On March 6th, the Hong Kong stock market's risk appetite warmed up, with all three major indices strengthening, led by the Hang Seng Tech Index which rose by 3.15%. The retail and internet sectors showed strong momentum, with JD-SW leading the surge with a 9.95% increase, while Tencent Holdings had the highest trading volume and closed up by 3.39%. On the macro level, the rebound in PMI and the recovery in exports provided support for the fundamentals. Although the rebound momentum continues, the market is still focused on whether policies and liquidity can help break through previous highs

- The Hong Kong stock market saw overall gains, with the Hang Seng Index closing at 25,757.29 points, up by 1.72%.  
- Notable performances included JD.com surging 9.95% and Tencent gaining 3.39%, while mixed results emerged in specific sectors.  
- Market momentum is supported by improvements in macroeconomic indicators, driving investor confidence and attention towards future policy impacts on risk preferences.

BILIBILI-W

LENOVO GROUP

LEGENDHOLDING

REMEGEN

AKESO

CH ENERGY ENG

CHINA RES LAND

Hong Kong stocks close | The Science and Technology Index leads with a 3.15% increase, JD rises nearly 10%, and both Tencent and Alibaba rise over 3%

Hong Kong stocks closed mixed: the Hang Seng Index rose 0.28% to 25,321.34, the Tech Index fell 0.69% to 4,796.33, and the National Enterprises Index fell 0.38% to 8,451.43. The technology internet and energy sectors weakened, with Alibaba down 2.77% and Tencent down 0.79%, dragging the market; the top trading volumes were Alibaba at HKD 1,811,139.75 thousand, Tencent at HKD 1,216,376.63 thousand, and China National Offshore Oil Corporation at HKD 589,461.73 thousand, with overall sentiment being neutral to cautious

- On March 5, 2026, the three major indices showed mixed results, with a cautious market sentiment and short-term focus on overcoming earlier highs. 
- The Hang Seng Index closed up by 0.28% at 25,321.34 points, while the Hang Seng Tech Index fell by 0.69% to 4,796.33 points, reflecting a pullback from previous highs. 
- Key sectors like oil and gas faced pressure, and major stocks such as Alibaba and Tencent experienced declines, emphasizing an increase in cautious market behavior.

CHK OIL

GIGADEVICE

INNOVENT BIO

JIAXIN INTL RES

COSCO SHIP HOLD

Hong Kong Stock Market Closing | Hang Seng Index rose 0.28%, Tech Index fell 0.69%, AIA Group rose 5.06%

The three major indices of the Hong Kong stock market showed divergence during the trading session: the Hang Seng Index rose slightly by 0.17% to 25,291.29 points, the Hang Seng Tech Index fell by 0.90% to 4,786.12 points, and the National Enterprises Index decreased by 0.44% to 8,446.62 points, all failing to break through their respective recent highs. In terms of sectors, retailers are under pressure, internet content and information show divergence, and oil and gas exploration and production are fluctuating. Among the leaders, Alibaba weakened, Tencent showed weakness, while China National Offshore Oil Corporation strengthened. In terms of trading volume, Alibaba, Tencent, and China National Offshore Oil Corporation are at the forefront, with activity concentrated in heavyweight and energy technology stocks, and market sentiment is cautious

- The Hong Kong stock market shows mixed performance, with the Hang Seng Index slight increase of 0.17% at 25,291.29 points, while the technology sector declines 0.90%.  
- Retail sector faces pressure from earnings reports with Alibaba down 3.16% and JD down 1.07%, indicating sector volatility ahead of reports.  
- Market focus remains cautious amidst macroeconomic indicators, including U.S. Treasury rates and indicators on domestic consumption and trade, with significant activity seen in top energy and technology stocks.

WEICHAI POWER

Hong Kong stock market intraday | The Hang Seng Index rose slightly by 0.17%, the Tech Index fell by 0.90%, and CNOOC rose by 1.11%

As of noon, the Hang Seng Index reported 25,459.66 points, up 0.83%; the Hang Seng Tech Index reported 4,829.29 points, basically flat; the National Enterprises Index reported 8,503.16 points, up 0.23%. The sectors showed divergence, with internet content and information rising, Tencent up 0.49%, Baidu up 1.30%, and Kuaishou up 0.84%; oil and gas exploration and production fell, with China National Offshore Oil down 1.40%; retailers weakened, with Alibaba down 1.15% and JD.com down 0.71%. Funds focused on internet leaders and earnings report events, while oil and gas faced downward pressure

- As of March 5, Hong Kong's major indices showed mixed performance, with the Hang Seng Index at 25,459.66, up 0.83%, indicating continued volatility.  
- Retail stocks fell amid concerns over company events and financial reporting, with Alibaba down 1.15% and JD.com down 0.71%, while the internet sector rallied, led by Tencent and Baidu.  
- Macro factors include Fed policies affecting local liquidity and market valuation, with a focus on tech performance and fluctuating local currencies impacting investor sentiment.

IFBH

SH ELECTRIC

E&P GLOBAL

DONGFANG ELEC

Hong Kong Stock Midday Review | Hang Seng Index up 0.83%, tech stocks strengthen while oil and gas weaken

As of noon, the three major indices of the Hong Kong stock market weakened, with the Hang Seng Index down 2.78% at 25,051.33 points, the Hang Seng Tech Index down 1.96% at 4,780.91 points, and the National Enterprises Index down 2.40% at 8,401.99 points. There is a clear divergence among sectors: the internet content and information sector declined due to the weakness of Chinese concept stocks, with Tencent down 1.57%, Kuaishou down 2.32%, and Baidu down 2.73%; the semiconductor manufacturers sector showed divergence, with Zhaoyi Innovation up 4.91%, while SMIC down 2.00% and Hua Hong Semiconductor down 1.82%; the telecommunications services defensive sector fell slightly. The market is focused on the impact of the Federal Reserve's interest rate cut expectations on HIBOR and the Hong Kong dollar, as well as the potential effects of recent PMI, retail and export performance, southbound capital, earnings season, real estate policies, and transaction factors on risk appetite and sector rotation

- As of noon, Hong Kong's three major indices declined, with the Hang Seng Index falling 2.78% to 25,051.33 points, and the Hang Seng Technology Index dropping 1.96% to 4,780.91 points.  
- The market is influenced by factors such as expectations of a U.S. Federal Reserve interest rate cut and the performance of recent PMI, retail, and export data.  
- Notably, leading tech stocks like Tencent and Alibaba showed significant declines, while some semiconductor stocks, like Zhaoyi Innovation, demonstrated strength amidst overall market volatility.

SMIC

HUA HONG SEMI

CHINA MOBILE

CHINA TELECOM

CHINA UNICOM

Hong Kong Stock Market Midday Review | Hang Seng Index down 2.78%, Hang Seng Tech down 1.96%, Zhaoyi Innovation up 4.91%

The three major indices of the Hong Kong stock market weakened during the session, with the Hang Seng Index falling approximately 2.10% to 25,226.96 points, the Hang Seng TECH Index dropping about 1.34%, and the Hang Seng China Enterprises Index declining around 1.73%. In terms of sectors, retailers, internet content and information, as well as oil and gas exploration and production generally declined. Among the leading stocks, Alibaba -W fell 3.49%, JD.com -SW dropped 3.14%; Tencent Holdings decreased 0.88%, Kuaishou -W fell 2.16%, and Baidu -SW declined 1.79%; in the oil and gas sector, China National Offshore Oil Corporation fell 2.46%, United Energy Group dropped 5.68%, and CNOOC (China National Offshore Oil Corporation) fell 35.96%

- On March 4, the Hong Kong stock market experienced a decline, with the Hang Seng Index falling approximately 2.10% to 25,226.96 points, indicating a pause in upward momentum.  
- Major sectors like retail have shown downward trends due to performance pressures, while the macroeconomic focus remains on variables such as U.S. Federal Reserve rate cut expectations and local economic indicators.  
- Notable stocks include Alibaba, which dropped 3.49%, and Tencent, which fell 1.57%, amidst cautious investor sentiment and uncertainties in their operational management.

Hang Seng China Enterprises Index

HSTECH ETF

HSCEI ETF

Hong Kong stock market intraday | The Hang Seng Index fell by about 2.10%, technology and oil & gas sectors weakened, Alibaba -W dropped by 3.49%

The Hang Seng Index opened down 298 points at 25,469 points, the National Index opened down 91 points at 8,516 points, and the Hang Seng Tech Index opened down 60 points at 4,816 points. Commodity stocks generally declined, with SD GOLD, ZHAOJIN MINING, and ZIJIN MINING opening down 3.2% to 3.6%. Minmetals Resources' annual net profit soared over 2.1 times, with its stock price opening down 4%. Shipping stocks, PACIFIC BASIN, saw a 56% drop in annual net profit, with its stock price opening down 2%. Technology stocks Tencent, KUAISHOU-W, and MEITUAN opened down 0.9% to 1.3%. Financial stocks HSBC opened down 2.1%

ZIJIN MINING

PACIFIC BASIN

ZHAOJIN MINING

SD GOLD

SD-GOLD

"Hong Kong Stocks" Hang Seng Index opened down 298 points, commodity stocks declined, and Techtronic Industries fell nearly 5% after earnings

On March 3rd, the Hong Kong stock market closed at noon with all three major indices retreating. The Hang Seng Index fell by 0.29%, and the Hang Seng Tech Index dropped by 1.02%. Affected by the surge in oil prices due to geopolitical conflicts, the energy equipment and services sector performed strongly, with SHANDONG MOLONG soaring by 58.82% and SINOPEC SSC rising by 32.09%. Technology stocks showed a mixed performance, with Tencent Holdings supported by positive AI news, increasing by 0.68%, while XPeng fell by 3.02%. The overall market exhibited a trend of reduced trading volume and consolidation, with investors focusing on upcoming economic data and changes in the geopolitical situation

- On March 3, Hong Kong's major stock indices experienced a collective decline following a previous day of gains.  
- The Hang Seng Index dropped 0.29%, while the Hang Seng Technology Index fell 1.02%, attributed to profit-taking after recent highs.  
- The energy sector led gains due to rising oil prices from geopolitical tensions, notably with Shandong Molong surging 58.82%, indicating strong interest in low-priced oil service stocks.

LB Select

PETRO-KING

CHINA OIL & GAS

MANY IDEA CLOUD

RUICHANG INTL

AGTECH HOLDINGS

Hong Kong Stock Midday Review | Hang Seng Index down 0.29%, volume contraction and consolidation, oil service sector surges against the trend, SHANDONG MOLONG skyrockets 58.82%

The three major indices of the Hong Kong stock market are showing a narrow range of fluctuations at high levels, with the Hang Seng Index slightly up by 0.14% and the Hang Seng Tech Index slightly down by 0.04%. Due to the escalation of the geopolitical situation in the Middle East, the oil and gas equipment and services sector has surged explosively, becoming the market focus. Among them, Shandong Molong soared by 57.54% due to capital speculation, while Sinopec Oilfield Service followed with a significant increase of 20.9%. In addition, the policy expectations from the Two Sessions are favorable for the internet sector, with Tencent Holdings experiencing a moderate rebound. The market is overall in a consolidation phase, with funds waiting for further directional choices

- The Hong Kong stock market shows a consolidation phase with cautious performance near recent highs, as the Hang Seng Index fluctuates around 26,096.11 points.  
- The energy sector surges due to rising geopolitical tensions, with companies like Shandong Molong rising 57.54%, driven by speculations regarding oil security and equipment demand.  
- Investors remain focused on the macroeconomic liquidity environment and implications of U.S. Federal Reserve policies on local interest rates and retail sales recovery.

ZONQING LTD

Hong Kong Stock Market | The Hang Seng Index rose slightly by 0.14%, the oil and gas equipment sector surged, Shandong Molong soared by 57.54%

Today’s Key News Recap

0121 | Dolphin Research Focus: 🐬 Macro/Industry — China's MIIT will issue guidelines to build a comprehensive standardization framework for humanoid robots and embodied AI. The framework spans five core modules: foundational/common standards, safety, system integration, key components/tech, and testing. It will prioritize urgently needed specs such as multimodal perception and interfaces for core components.In parallel, supporting measures include industry investment funds and the build-out of open-source tech communities to speed tech transfer and global sharing. These moves target pain points around fragmented tech roadmaps and weak product interoperability.Policy support should accelerate the commercialization of humanoid robots. Beneficiaries include sensors, servo systems, and AI algorithms...

Alphabet - C

Alphabet

Xiaomi HK SDR 2to1

NVIDIA

Meta Platforms

KUAISHOU-WR

XIAOMI-WR

Xiaomi Corporation

Tesla

PDD hit with RMB 100k fine; TSLA Dojo3 returns | Daily News Recap

Jan 16 | Dolphin Research Focus: 🐬 Stocks. 1、$NVIDIA(NVDA.US) Nvidia was criticized for errors in a technical report on data-center copper usage, and has quietly revised the figures.It cut the estimated copper busbar requirement per GW for traditional racks to 200 tons from 500,000 tons — a drastic change. The correction undercuts the aggressive thesis that AI compute would trigger an explosive surge in copper demand, prompting a reset of supply-demand assumptions across the copper value chain. Near term, it deflates copper-price froth and eases data-center build-cost pressure.2、$KUAISHOU-W(01024.HK) Kuaishou announced a dual-currency senior notes offering. ...

EASTROC

Webull

EASTROC BEVERAGE

WisdomTree Gold

Taiwan Semiconductor

WEBULL CORPORATION C/WTS 10/04/2030(TO PUR COM)

NVDA quietly revises data, slashing its copper consumption forecast; Kuaishou to issue a three-tranche notes offering | Daily News Recap

0112 | Dolphin Research Focus: 🐬 Stock 1, $CHINA LIT(00772.HK) jumped 10%+ today. The move was driven by a deep AIGC tie-up with Shengshu Tech.Its 'Yuewen Comic-Drama Assistant' fully integrated the multimodal LLM 'Vidu'. AI now spans the end-to-end creation workflow to cut costs, boost efficiency, and strengthen visual IP monetization, aligning with the industrialization of AI content.This should accelerate the conversion of online-literature IP into comic-dramas and short-form series, opening new growth avenues. Sentiment was also helped by a rebound in China and AI names on the day...

CHINA LIT

XPENG-W

XPeng

XPEV's Aeroht files for IPO confidentially; AI theme takes off｜Daily News Recap

0105 | Dolphin Research Focus: 🐬 Macro/Industry — Over the weekend, the U.S. move to detain Venezuela's President Nicolás Maduro roiled global markets. Washington tightened the oil blockade, driving the country's crude exports near zero, stranding over 17 mn bbl at sea, and forcing field shutdowns. Markets swung sharply, with Brent/WTI whipsawing at the open and gold rallying on haven demand, underscoring how U.S. unilateralism can disrupt diplomacy and energy markets...

Moutai

Kling Frenzy Lifts Kuaishou; Moutai Rallies on a Flurry of Moves | Daily News Recap

1223 | Dolphin Research Focus: 🐬 Macro/Industry. Dec 22–23, the National Housing and Urban-Rural Development Work Conference in Beijing set stabilizing the property market as the core task through 2026.Planned actions include city-specific policies to cap new additions, clear inventory, and optimize the supply mix, and converting existing commercial housing into affordable units. A 'whitelist' program will support developer financing, and a completed-home sales regime will be promoted to curb delivery risk. At the same time, Housing Provident Fund reforms will be deepened and a housing quality upgrade initiative rolled out...

BABA plans a big order to secure AMD MI308; Kuaishou hit by fraud rings, campaign backfires | Daily News Recap

1204 | Dolphin Research Focus: 🐬 Macro/Industry 1. The Beijing Consumer Association, in collaboration with eight major e-commerce platforms including JD.com, Meituan, Pinduoduo, Vipshop, Douyin, Kuaishou, Xiaohongshu, and WeChat Live, signed the nation's first 'Commitment to Promote the Standardized Application of AI Technology.' Addressing issues such as AI digital human live streaming and virtual scene marketing, the core measures include 'transparent labeling, strict review, and traceable responsibility.' It clearly stipulates that AI-generated content must be prominently marked, and there will be a crackdown on fake labels among six major initiatives. The Beijing Consumer Association will track the implementation through volunteer experiences...

Meituan HK SDR 5to1

MEITUAN-WR

Meituan

Li Auto releases AI glasses Livis; Micron exits retail storage business to focus on AI | Today's Important News Recap

UB#KUASORC2609B(57785.HK)

Hong Kong Stock Midday Review | Hang Seng Index down 1.23%, Internet sector weak, CNOOC up 3.42%

Hong Kong stock market closing | Hang Seng Index down 0.24%, high-level consolidation, Shandong Molong surged 17.29%

"Hong Kong Stocks" The Hang Seng Index opened high at 152 points, Tencent continued to rise, Nio bounced 15%

The Hang Seng Index closed at a daily high, rising by 551 points. Tencent benefited from the lobster tide, increasing by 7%. Analysts expect the upward trend to continue. | Hong Kong Stock Market Closing

Hong Kong Stock Market Update | Hang Seng Index down 1.59%, oil and gas stocks strengthen, Tencent's trading volume exceeds 12.5 billion