SG#KUASORC2609B

THELLOY DEV

LOTUS HORIZON

MIRICOR

NIU HOLDINGS

DAISHOMICROLINE

MODERN CHI MED

CHINA TIANRUI

MSCTECH

NORTH MINING

SEVEN ELEMENTS

01024

KUAISHOU-W will announce its Q4 2025 results next Wednesday, with an expected adjusted net profit under non-International Financial Reporting Standards of RMB 5.078 billion to RMB 5.486 billion, representing a year-on-year growth of 8% to 16.7%. EBITDA is expected to be RMB 7.26 billion to RMB 7.89 billion, with a year-on-year growth of 5.7% to 14.9%. The investment ratings and target prices from 9 brokerages for KUAISHOU are as follows: UBS Buy at RMB 108, DBS Buy at RMB 98, Citigroup Buy at RMB 95, etc

AASTOCKS

KUAISHOU-W

KUAISHOU Investment Rating and Target Price (Table)

TCEHY

XIACY

STECH

TCTZF

00700

BABA

The Hang Seng Index closed at 25,592 points, down 432 points or 1.7%. The Hang Seng TECH Index reported 5,027 points, down 80 points or 1.6%. Tencent fell 5.9%, Xiaomi Corporation rose 4.3%, and Alibaba dropped 3.4%. Other major stocks showed mixed performance, with Zijin Mining down 8.1%, China Hongqiao down 6%, and KUAISHOU-W down 5.4%. CHINA OILFIELD rose 3.4%

Tencent

Xiaomi Corporation

Hang Seng TECH Index

Tencent Holdings Limited

TENCENT

CHINA OILFIELD

Zijin Mining

Alibaba

ZIJIN MINING

KraneShares 2x Long BABA Daily ETF

The Half-Day Express reports that the Hang Seng Index fell by 432 points; the Hang Seng TECH Index dropped by 80 points. Tencent fell by over 5%, Xiaomi Corporation rose by over 4%, and Alibaba fell by over 3%. Qingsong Health, Jingwei Tiandi, and CITIC International Telecom reached new highs

01810

09988

09618

02057

00669

09999

02382

01801

Hong Kong stocks are under pressure during the trading session, with all three major indices retreating collectively. The Hang Seng Index fell by 1.20%, the Hang Seng Tech Index dropped by 1.09%, and the National Enterprises Index decreased by 0.86%, failing to break through previous highs. Most stocks in the internet and retail sectors declined, while the hardware sector showed divergence, with Xiaomi Group rising against the trend. Tencent, Xiaomi, and Alibaba had the highest trading volumes, and market sentiment remains cautious, with noticeable attention on capital flows during the session

- As of March 19, Hong Kong stocks are under pressure, with all major indices declining.  
- The Hang Seng Index reported a drop of 1.20%, unable to sustain the peak reached on March 18, while the overall market sentiment remains cautious, reflecting investors' concerns about economic data like retail and exports.  
- The technology sector saw significant downturns, particularly Tencent and Kuaishou, which fell by 5.45% and 4.24%, respectively, as funds moved towards defensive stock positions.

Market Heartbeat

XIAOMI-W

BABA-W

JD-SW

ZTO EXPRESS-W

TECHTRONIC IND

NTES-S

SUNNY OPTICAL

INNOVENT BIO

Hong Kong stock market intraday | Hang Seng Index down 1.2%, internet sector broadly declines, Xiaomi Group rises 4.67% against the trend

01888

06088

01385

03896

09926

During the trading session, the three major indices of the Hong Kong stock market maintained high-level fluctuations, with the Hang Seng Index down 0.04%, the Hang Seng TECH Index down 0.67%, and the Hang Seng China Enterprises Index down 0.40%, all failing to break through yesterday's highs, indicating a strong wait-and-see sentiment among investors. In terms of sectors, electronic components and internet content showed mixed performance, while retailers were boosted by certain companies. KB LAMINATES and Tencent Holdings saw active trading, with popular stocks such as Shanghai Fudan and ZTO EXPRESS showing significant gains, while the overall market turnover remained high and volatile

- On March 18, Hong Kong's stock indices showed weak fluctuations, with the Hang Seng Index at 25,858.35, down 0.04%.  
- Investors remained cautious, with limited significant macro data influencing the market; attention was focused on economic growth, inflation, and employment indicators.  
- Notable stocks included Shanghai Fudan, which rose 6.98%, and ZTO Express, which increased 4.76%, amidst a market environment characterized by cautious investor sentiment.

KB LAMINATES

FIT HON TENG

SHANGHAI FUDAN

KINGSOFT CLOUD

AKESO

Hang Seng Index

China Southern Hang Seng ETF

Hang Seng TECH ETF I

TRACKER FUND

FI2 CSOP HSI

KINGBOARD HLDG

AXA SPDB CSI Hugangshen Game and Culture Media ETF

ChinaAMC Hang Seng ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSCEI ETF

FI CSOP HSI

Dacheng Hang Seng Technology ETF(QDII)

Hang Seng China Enterprises Index

FL2 CSOP HSI

CSOP HS TECH

Hong Kong Stock Market Intraday | Hang Seng Index fluctuates at a high level, MINIMAX-W rises 10.84%

01907

03968

02319

09888

As of noon, the three major indices of the Hong Kong stock market have collectively strengthened, with the technology sector performing prominently. The Hang Seng Technology Index rose by 2.24%, with Xiaomi Group and Tencent Holdings increasing by 4.98% and 2.74%, respectively. Market trading is active, with Tencent Holdings leading in transaction volume, and attention should be paid to the sustainability of afternoon trading volume and the pressure from previous highs

- As of midday, Hong Kong's stock indices strengthened, led by the technology sector, with significant trading activity.  
- The Hang Seng Index rose 1.14% to 25,756.27 points, while the Hang Seng Tech Index increased by 2.24%.  
- Despite stable macroeconomic data, investor focus remains on external risks affecting trade and exports.

CHINA RISUN GP

CM BANK

MENGNIU DAIRY

BIDU-SW

CAM HS TECH

XL2CSOPHSTECH

ISHARESHSI

Guotai CSI Computer Theme ETF

ChinaAMC Hang Seng Technology ETF(QDII)

Tianhong CSI Computer Theme ETF

HS AINDTOPETF-R

XI2CSOPHSTECH

China Southern Hang Seng TECH ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

Hong Kong Stock Midday Review | Hang Seng Index rises 1.14%, Technology Index surges 2.24%

00883

00386

01072

01398

On March 16th, during the Hong Kong stock market session, the three major indices rose collectively, with the Hang Seng Technology Index increasing by 0.86% and showing strong momentum. The internet content and information, hardware, and storage sectors performed strongly, with leading company Tencent Holdings rising by 1.74% and Xiaomi Group increasing by 2.10%. Although bullish sentiment has warmed, the overall market is still constrained by previous high resistance, while the oil and gas exploration sector faced pressure and led the decline

- On March 16, Hong Kong stocks showed increased buying sentiment with major indices rising, though previous highs limited upward movement.  
- The Hang Seng Index was at 25,551.1, up 0.34%, while the Hang Seng Technology Index rose 0.86% but remained below earlier peaks.  
- Notable stock performances included Tencent up 1.19% and Xiaomi rising 2.10%, while oil and gas exploration firms like CNOOC declined due to market pressures.

CNOOC

SINOPEC CORP

DONGFANG ELEC

ICBC

HSTECH ETF

CAM HS TECH-R

Hong Kong stock market intraday | Hang Seng Index up 0.86%, technology hardware sector strong, Tencent up 1.74%

01033

00991

09961

01860

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.

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%

06869

00568

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

CMOC

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%

09866

03037

159920

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

NIO-SW

CSOP HSI ETF

Hang Seng Composite Index

Harvest Hang Seng SCHK Technology ETF

ChinaAMC Shanghai-Hong Kong Tong Hang Seng ETF

E Fund Hang Seng ETF(QDII)

Yinhua MSCI China A ETF

Baidu

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%

00100

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.

Stheadline

MINIMAX-W

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

00857

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

Shandong Molong

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

09896

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

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

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

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%

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...

SG#KUASORC2609B(63595.HK)

KUAISHOU Investment Rating and Target Price (Table)

The Half-Day Express reports that the Hang Seng Index fell by 432 points; the Hang Seng TECH Index dropped by 80 points. Tencent fell by over 5%, Xiaomi Corporation rose by over 4%, and Alibaba fell by over 3%. Qingsong Health, Jingwei Tiandi, and CITIC International Telecom reached new highs

Hong Kong stock market intraday | Hang Seng Index down 1.2%, internet sector broadly declines, Xiaomi Group rises 4.67% against the trend

Hong Kong Stock Market Intraday | Hang Seng Index fluctuates at a high level, MINIMAX-W rises 10.84%

Hong Kong Stock Midday Review | Hang Seng Index rises 1.14%, Technology Index surges 2.24%