SG#CATL RC2610E

THELLOY DEV

LOTUS HORIZON

MIRICOR

NIU HOLDINGS

DAISHOMICROLINE

MODERN CHI MED

CHINA TIANRUI

MSCTECH

NORTH MINING

SEVEN ELEMENTS

03808

03750

00175

02259

06869

01810

09988

09973

00100

09868

SINOTRUK(03808) rose 8.4%, with a trading turnover 561.9 Million HKD, and a year-to-date rose 37.4%. CATL(03750) rose 8.39%, with a trading turnover 4.3 Billion HKD, and a year-to-date rose 38.1%. XIAOMI-W(01810) fell 8.59%, with a trading turnover 13.5 Billion HKD, and a year-to-date fell 15.5%. BABA-W(09988) fell 6.29%, with a trading turnover 25.7 Billion HKD, and a year-to-date fell 13.4%.

- The Hang Seng Index fell by 0.88%, with a year-to-date decline of 1.4%, while the Hang Seng Tech Index dropped by 2.48%, down 11.7% year-to-date.  
- China National Heavy Duty Truck (03808) increased by 8.4% with a trading volume of HKD 560 million, up 37.4% year-to-date, and Contemporary Amperex Technology (03750) rose by 8.39% with a trading volume of HKD 4.29 billion, up 38.1% year-to-date.  
- Conversely, Xiaomi Group-W (01810) decreased by 8.59% with a trading volume of HKD 13.46 billion, down 15.5% year-to-date, and Alibaba-W (09988) fell by 6.29% with a trading volume of HKD 25.68 billion, down 13.4% year-to-date.

Top Gainers & Losers

SINOTRUK

CATL

GEELY AUTO

ZIJIN GOLD INTL

YOFC

XIAOMI-W

BABA-W

CHERY AUTO

MINIMAX-W

XPENG-W

Top 5 HK Stock Gainers/Losers (>100B) (3.20)

02595

00856

02331

03858

00325

06088

00666

01440

GENFLEET-B(02595) rose 11.31%, with a trading turnover 347.8 Million HKD, and a year-to-date rose 21.7%. VSTECS(00856) rose 11.04%, with a trading turnover 582.7 Million HKD, and a year-to-date rose 12.2%. LI NING(02331) rose 8.56%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 14.8%.

GENFLEET-B

VSTECS

LI NING

JIAXIN INTL RES

BLOKS

FIT HON TENG

REPT BATTERO

STAR SHINE HLDG

Top 10 HK Stock Gainers (3.20)

XIACY

BABA

STECH

00HSI

03088

The Hang Seng Index closed at 25,277 points, down 223 points or 0.9%; the Hang Seng TECH Index reported 4,872 points, down 123 points or 2.5%. Xiaomi Corporation fell over 8%, and Alibaba dropped over 6%. CATL and CNOOC hit new highs, with a transaction volume of 342.518 billion yuan. Among active stocks, Li Ning rose 8.6%, and Geely increased by 6.4%

AASTOCKS

Xiaomi Corporation

Alibaba

Hang Seng TECH Index

Hang Seng Index

CNOOC

CHINA BLUECHEM

CSOP HS TECH

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

ISHARESHSTECH

CAM HS TECH

KraneShares 2x Long BABA Daily ETF

Tianhong Hang Seng TECH ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

BABA 2x Long Daily ETF - GraniteShares

GX HS TECH

HSTECH ETF

According to the All-Day Express, the Hang Seng Index closed at 25,277 points, down 223 points; the Hang Seng TECH Index closed at 4,872 points, down 123 points. Xiaomi Corporation fell over 8%, Alibaba dropped over 6%, CATL, CNOOC, and Qingsong Health reached new highs with active trading

300750

36Kr learned that the Hang Seng Index fell 0.63% during the midday break, and the Hang Seng TECH Index dropped 1.71%; technology stocks led the decline, with Xiaomi Group down nearly 7%, Alibaba down nearly 6%, and JD Group down over 3%; photovoltaic and lithium battery concepts strengthened, with Junda Co., Ltd. rising over 12%, SOLARGIGA continuing over 6%, and CATL up over 4%; southbound funds had a net outflow of HKD 1.901 billion

36Kr

KraneShares 2x Long JD Daily ETF

JD HEALTH

JD LOGISTICS

SOLARGIGA

JD-SW

JD.com

The Hang Seng Index fell 0.63% at midday, and the Hang Seng TECH Index dropped 1.71%

002460

002466

00285

01772

Hong Kong's lithium battery stocks showed volatility with notable gains during trading hours. CATLincreased by over 5.2%, CALBrose by more than 3.5%, and BYD Company, BYD Electronics, and Ganfeng Lithiumeach reported gains exceeding 1%. This market activity indicates strong investor interest in the lithium battery sector.

CoinLive

Ganfeng Lithium

BYD ELECTRONIC

GANFENGLITHIUM

BYD COMPANY

BYD Company

BYD Company Limited

STOCKS | Hong Kong Lithium Battery Stocks Show Volatility with Notable Gains

002594

BYDDY

01958

515030

BYDDF

BAIC has completed its sodium-ion battery prototype, achieving an energy density of over 170 Wh/kg. This advancement positions BAIC among leaders in next-generation battery technology, alongside CATL and BYD, who are also pushing for commercialization. The battery features fast-charging capabilities and operates effectively in extreme temperatures. BAIC's development includes a prismatic cell design and aims to establish a comprehensive battery system. The company is applying for around 20 patents related to this technology, contributing to the competitive landscape of sodium-ion batteries in China.

CnEVPost

BAIC MOTOR

Hua Xia CSI New Energy Vehicles ETF

BAIC unveils sodium-ion breakthrough, joining China's battery push

09660

Hong Kong's Hang Seng Index and Hang Seng Tech Index turned positive, with Li Ning surging over 12.5%. Horizon Robotics rose by more than 6.5%, Geely Automobile climbed over 4%, and CATL increased by more than 3.8%.

HORIZONROBOT-W

STOCKS | Hong Kong's Hang Seng Index and Tech Index Turn Positive, Li Ning Surges Over 12.5%

09992

36Kr learned that the Aiqicha App shows that recently, Boyu Xinzhixin Chanchan (Ningbo) Equity Investment Partnership (Limited Partnership) underwent a business change, adding CATL, Shenzhen Tencent Industry Investment Fund Co., Ltd., Chongqing Vipshop Investment Co., Ltd., and Beijing POP MART Cultural and Creative Co., Ltd. as partners, while the investment amount increased from 2 million RMB to 4.001 billion RMB

POP MART

CATL, POP MART, and others invest in Boyu Capital's new intelligent manufacturing equity investment fund

Chinese EV battery makers now control nearly 70% of the global market, a significant rise from under 50% in 2021. Contemporary Amperex Technology Co. Ltd. (CATL) leads the industry with a record profit of 72.2 billion yuan in 2025. While Chinese firms thrive, South Korean companies like LG Energy Solution face challenges, leading to job cuts and restructuring. The outlook for 2026 is mixed, with a 28% drop in electrified vehicle sales early in the year, potentially favoring stronger companies and impacting battery costs for U.S. automakers.

Yahoo Finance

China Now Controls Nearly 70% of the World’s EV Batteries

JPMorgan Chase & Co's short position in H-shares of CATL increases to 7.31%, HKEX filing shows

marketscreener

JPMorgan Chase

Defiance Daily Target 2X Long JPM ETF

JPMorgan Chase & Co's short position in H-shares of CATL increases to 7.31%, HKEX filing shows

FTXL

600821

In the morning, the main funds had a net inflow into sectors such as electronics, communications, computers, defense and military industry, and machinery and equipment, while there was a net outflow from sectors like power equipment, non-bank financials, automobiles, basic chemicals, and real estate. Specifically, in terms of individual stocks, NYOCOR Co., Ltd., Eoptolink, and ZAISHENG TECHNOLOGY saw net inflows of 2.155 billion yuan, 1.811 billion yuan, and 1.516 billion yuan, respectively. On the outflow side, Cambricon, CATL, and Sungrow Power Supply were sold off for 1.232 billion yuan, 720 million yuan, and 544 million yuan, respectively. (Yicai)

First Trust Nasdaq Food & Semicon

NYOCOR Co., Ltd.

Eoptolink

Guotai CSI All Share Integrated Circuit ETF

ZAISHENG TECHNOLOGY

Sungrow Power Supply

Cambricon

Ping An CSI Consumer Electronic Theme ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

In the half-day session, main funds increased their positions in electronics and telecommunications stocks while selling off power equipment stocks

CLSA has maintained a Buy rating for Contemporary Amperex Technology Co., Limited Class H (3750) with a price target of HK$710.00, while the shares closed at HK$670.00. Analyst Horace Tse has a 4-star rating with a 24.3% average return. The consensus rating is a Strong Buy with an average target of HK$662.23, indicating a slight downside. TipRanks also reiterated a Buy rating with a target of HK$764.00.

Tip Ranks

CLSA Sticks to Its Buy Rating for Contemporary Amperex Technology Co., Limited Class H (3750)

Li Auto 4Q25 First Take: overall, the deterioration in auto GPM had been well telegraphed for Q4, yet even against a cautious setup, the print was only middling. Both ASP and auto GPM fell QoQ. ① Revenue slightly missed as ASP contracted more than expected: Auto revenue was RMB 27.3bn vs. the street at RMB 28.2bn, driven by a larger QoQ ASP drop. ASP fell RMB 27k to RMB 250k (vs. consensus RMB 258k), as mix shifted down with higher contribution from the lower-priced i6 and lower contribution from the higher-priced Mega. Li Auto also stepped up discounts on legacy L-series models in Q4, further pressuring ASP. ② Auto GPM broadly in line with expectations and prior guidance: 4Q auto GPM was 16.8%, down 300bps from 19.8% in 3Q after excluding the Mega recall impact, and within management’s 15.8%–16.8% guide. The decline was mainly ASP-driven; despite the i6’s strong demand, supply-chain constraints (battery shortages) limited scale benefits, with total deliveries up only 17% QoQ to 109k. Scale efficiencies therefore did not fully offset the ASP headwinds. For 1Q26 guidance, revenue is guided below expectations: ① 1Q26 delivery guide of 85k–90k, with the midpoint roughly in line with the street’s 88k: Implied Mar. deliveries are 31k–36k (Jan./Feb. at 28k/26k). The sequential pickup should come as i6 capacity ramps in Mar., with management previously indicating post-CNY i6 monthly sales could reach 20k. Adding a second battery supplier has partially eased the i6’s CATL battery shortage. However, the guide still implies a 3%–9% YoY decline vs. 93k in 1Q25, as legacy L-series volumes are under heavy pressure. L-series sold 18k in Jan.–Feb. 2026 (9k per month on Avg.), down 67% vs. 55k a year ago, due to aging models with customers awaiting 2Q launches, intensified competition with larger/cheaper peers, cannibalization from Li Auto’s own BEV i6/i8, and sector-wide demand softness from purchase-tax step-down. ② 1Q26 revenue guide of RMB 20.4bn–21.6bn, well below the street’s RMB 23.9bn: With volume roughly in line, the revenue shortfall reflects a further ASP reset. Guided ASP is ~RMB 222k in 1Q26 vs. RMB 250k in 4Q25, which Dolphin Research attributes to the i6 mix rising from 26% in 4Q25 to ~60% in 1Q26 as capacity releases, and aggressive discounting to clear legacy models ahead of the new model cycle starting in 2Q. Dolphin Research views the print and guide as average at best, and revenue guidance below expectations. That said, on valuation, sentiment may find two supports: an L9 refresh expected in 2Q could kick off a new product cycle, and the rumored debut of Li Auto’s humanoid robot in 1H26 may offer near-term optionality and a downside cushion. Stay tuned for our detailed take.

LI AUTO-W

Li Auto

CATL HK SDR 30to1

Today’s Key News Recap

0310 | Dolphin Research Focus: 🐬 Macro/Industry1) On Mar 9 (local time), Trump said US military action against Iran would end 'very soon' but not this week. He also indicated the US would ease some oil-related sanctions to cool prices, while warning of tougher strikes if Iran blocks the strait.The remarks briefly soothed energy and financial markets, capping near-term upside in crude. They tempered expectations for a sharp oil spike in the short run.However, the conflict continues and Tehran has issued a hard-line response. Geopolitical risk has not cleared...

NVIDIA

Taiwan Semiconductor

BABA-WR

Alibaba HK SDR 5to1

NIO-SW

NIO Inc. USD OV

NIO Inc

Oracle

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

YieldMax BABA Option Income Strategy ETF

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

TSM Feb revenue down MoM; Alibaba Qwen management reshuffle finalized | Daily News Recap

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I was expecting Trump to come out and announce the beginning of the end to the war. However, I'll still be monitoring closely as there are still weaknesses in the support levels, any more delays/negative sentiment and the market plunges right back down again .

Hi guys! Grab your coffee and pull up a chair ☕️ Wild day yesterday with oil doing a roundtrip from $120 back to $80. Let's unpack what's moving markets today:

☕️ Daily Market Talk | Mar 10, 2026

We are currently sandwiched between an oil shock and TACO relief. I don't any earnings result will move the market in a meaningful way. Instead of timing the market, enter when prices reached the level deemed attractive to you. Enjoy the roller coaster ride but hope the rails below are sturdy enough to prevent a free fall. Giddy up and ride the horse.

This is an amazing Trump moving markets in action. He is intentional manipulating the market. Follow this move and all is good!

I think this iran war will cause country to rethink about alternative to oil. Good idea to bet on alternative energy when this war settles!

👋 Hi brilliant investors! Let's grab a coffee and join the convo ☕️ Today we're talking $110 oil, US vs China robots, and earnings. Jump in and earn rewards!

ALSCO POOLING

Sharplink

ESTUN

ESTUN AUTOMATION

ZHAOWEI

☕️ Daily Market Talk | Mar 9, 2026

Realised volatility is high which means money has left the markets and has done so for a while. When that happens, the market is prone to big swings like what we are seeing now. Stay safe!

As long as oil price drops, the risk is very minimal. But if it doesn't, inflation is here to stay. This may cause interest rate to go up and depress stock prices!

This is Trump at his best in movingarkets. Follow his every move and you could be rich!

Geopolitical risk remain, but staying in the game is more important than timing the game. Stay focus, stay clear minded!

SG#CATL RC2610E(63483.HK)

Top 5 HK Stock Gainers/Losers (>100B) (3.20)

Top 10 HK Stock Gainers (3.20)

According to the All-Day Express, the Hang Seng Index closed at 25,277 points, down 223 points; the Hang Seng TECH Index closed at 4,872 points, down 123 points. Xiaomi Corporation fell over 8%, Alibaba dropped over 6%, CATL, CNOOC, and Qingsong Health reached new highs with active trading

The Hang Seng Index fell 0.63% at midday, and the Hang Seng TECH Index dropped 1.71%

STOCKS | Hong Kong Lithium Battery Stocks Show Volatility with Notable Gains