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The Hong Kong stock market performed strongly this morning, with the Hang Seng Index closing at 25,788 points at noon, up 468 points or 1.85%. Technology stocks led the gains, with JD LOGISTICS soaring 21.3% and JD.com rising 8.51%. Technology stocks such as Alibaba, Tencent, and Meituan also saw increases. Domestic demand stocks like Mengniu and HAIDILAO were also in high demand. All three major U.S. stock indices fell on Thursday, reigniting market concerns

- The Hong Kong Stock Exchange saw the Hang Seng Index open 37 points higher, reaching a peak increase of 481 points before closing at 25,788, a rise of 468 points or 1.85%.  
- Key tech stocks drove the market, with JD Logistics surging 21.3% and significant increases for Alibaba, Tencent, and Xiaomi.  
- Meanwhile, U.S. markets faced declines amid rising oil prices due to ongoing conflicts in Iran, with the Dow Jones dropping 784 points or 1.61%.

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The Hang Seng Index rose 468 points in the first half of the day, JD Logistics increased by 21%, technology stocks led the market, and ATM rose by 4% | Hong Kong stock market opens

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Alibaba Group Holding Ltd (BABA) saw a 3.07% decline in stock price, underperforming the Software & IT Services sector. Factors contributing to this drop include leadership changes in its AI division, geopolitical tensions, and a bleak economic outlook for China. The departure of key personnel has raised investor concerns about Alibaba's AI initiatives. Additionally, ongoing regulatory scrutiny and a low GDP growth target for China have negatively impacted sentiment. Despite some analysts maintaining a positive outlook, the prevailing negative catalysts overshadow these signals.

- Alibaba Group Holding Ltd (BABA) saw a decline of 3.07% amidst leadership upheavals in its AI division, geopolitical tensions, and concerns over China's economic outlook.  
- Notable factors include the departure of key personnel, regulatory scrutiny related to U.S. military ties, and the lowest GDP growth target announced by Beijing in decades, all adversely affecting market sentiment.  
- Despite some analysts maintaining a positive outlook and institutional investment interest, the prevailing negative catalysts have overshadowed potential growth prospects for Alibaba.

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Invesco Golden Dragon China

Global X E-commerce ETF

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Krne Csi China Internet

Direxion FTSE China Bull 3X

Alibaba Group Holding Ltd Stock (BABA) Moved Down by 3.07% on Mar 5: What Signal Does It Send?

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Alibaba, Bytedance, and Tencent are seeking to alleviate the impact of a global memory chip shortage by turning to domestic chipmakers. The companies are in discussions to purchase more DRAM and NAND flash memory chips from two Chinese firms, moving away from reliance on Samsung Electronics and SK Hynix for additional chip supply.

- Tencent, Alibaba, and ByteDance are seeking domestic chipmakers to mitigate the ongoing global memory chip shortage.  
- The companies are negotiating to acquire more DRAM and NAND flash chips from two Chinese manufacturers.  
- Previously, they sought additional supplies from Samsung Electronics and SK Hynix.

Reuters

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Alibaba, Bytedance And Tencent Are Turning To Domestic Chipmakers To Ease The Pain From A Deepening Global Shortage Of Memory Chips - The Information

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The Hang Seng Index rebounded today after three consecutive days of decline, closing up 71 points at 25,321 points. Northbound capital saw a net outflow of 27.735 billion yuan, the highest level since August 2025. Alibaba's stock price fell by 2.8%, while financial stocks performed well, with HSBC and Standard Chartered rising by 2.4% and 2%, respectively. The market is focused on the progress of the Israel-Iran war and changes in U.S. bond yields. Premier Li Qiang proposed a target for China's economic growth of 4.5% to 5% for 2026 at the National People's Congress

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"Market Review" Hong Kong stocks rebound, northbound capital net outflow of 27.7 billion, Alibaba "six consecutive declines"

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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.

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

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The Hang Seng Index closed at 25,321 points, up 71 points or 0.3%. The Hang Seng TECH Index reported 4,796 points, down 33 points or 0.7%. The total market turnover was HKD 321.872 billion. Among the actively traded blue-chip stocks, Alibaba fell 2.8%, Meituan dropped 1.2%, and Tencent decreased 0.8%; HKEX and Xiaomi Group each rose 0.6%. JD Health fell 6.2%, while AIA rose 5.1%. West China Cement dropped 26.6%, and SH Electric rose 15.8%. KINETIC DEV reached a new high, rising 8.7%

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The Hong Kong Economic Journal reported that the Hang Seng Index closed at 25,321 points, up 71 points; the Hang Seng TECH Index closed at 4,796 points, down 33 points. JD HEALTH fell over 6%, while KINETIC DEV reached a new high with strong trading volume

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%

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Alibaba fell 3.20% in the after-hours market; Amazon fell 0.63% in the after-hours market, with a transaction volume of USD 16.16 million; JD.com fell 1.42% in the after-hours market, with a transaction volume of USD 6.65 million; Pinduoduo fell 0.51% in the after-hours market, with a transaction volume of USD 1.9 million

- Alibaba's stock dropped 3.20% in after-hours trading due to recent developments, including a 4.5% decline after large trades and concerns following key personnel departures from its Qwen research team.  
- Amazon experienced pressure as geopolitical tensions escalated, particularly after its AWS division suffered a drone attack, leading to facility damage and service disruptions.  
- JD.com faced declining stock prices due to anticipated profit drops and regulatory challenges, while Pinduoduo's reputation was impacted by a former employee's bribery conviction amid increased competition in AI investments.

Tracking Unusual Activity

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U.S. stock night market volatility: Alibaba fell 3.20% in after-hours trading, large transactions and executive departures triggered market panic

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The short selling amount in the Hong Kong stock market reached HKD 25.01 billion in the half-day session, accounting for 18.1% of the total shortable stock turnover of HKD 138.41 billion. The previous day was 20.8%. The main shorted stocks include: TRACKER FUND with a short selling ratio of 11% and a short selling amount of HKD 1.99 billion; Alibaba-W with a short selling ratio of 19.5% and a short selling amount of HKD 1.58 billion; TENCENT with a short selling ratio of 16.6% and a short selling amount of HKD 1.06 billion; HSCEI ETF with a short selling ratio of 10.7% and a short selling amount of HKD 910 million; and Southern Hang Seng Technology with a short selling ratio of 19.1% and a short selling amount of HKD 820 million

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TRACKER FUND

The short selling in Hong Kong stocks for half a day reached HKD 25.01 billion, accounting for 18.1% of the total turnover of shortable shares

Alibaba Group is establishing a new task force to enhance its AI development following the resignation of Lin Junyang, head of its Qwen AI division. The task force will be led by CEO Eddie Wu, CTO Wu Zeming, and Alibaba Cloud CTO Zhou Jingren, who will allocate resources for the initiative. Zhou will also continue to lead the Tongyi Laboratory. This announcement follows Lin's exit, marking the third senior departure from Qwen this year, with Alibaba committing to bolster its AI efforts.

- Alibaba Group announced the establishment of a new task force aimed at accelerating foundation model development following the resignation of Qwen AI division head Lin Junyang.  
- The task force will be led by CEO Eddie Wu, CTO Wu Zeming, and Alibaba Cloud CTO Zhou Jingren, who will allocate resources for the initiative.  
- Lin’s resignation marks the third high-profile exit from the Qwen division this year, prompting Alibaba to enhance its commitment to AI development.

Alibaba forms task force to boost AI development after Qwen chief's exit

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.

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

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Insiders at Alibaba revealed that Lin Junyang's departure is unrelated to Qianwen's open-source strategy. The company has not changed the assessment model for the team, but due to the strategic enhancement of Qianwen, it plans to recruit more technical talent. During the process of adjusting responsibilities, Lin Junyang was unable to accept this, leading to his decision to resign

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Alibaba's internal response to Lin Junyang's departure event

BEIJING, March 5 (Reuters) - ‌Alibaba CEO ‌Eddie Wu ​confirmed on Thursday the ‌departure ⁠of artificial intelligence ⁠division Qwen's ​head, ​and vowed ​in ‌a staff letter to channel more ‌resources ​to ​the ​company's ‌AI development.(Reporting by ​Che ​Pan and ​Laurie ‌Chen; Editing ​by Muralikumar ​Anantharaman)

- Alibaba CEO Eddie Wu confirmed the departure of Qwen's head, the artificial intelligence division.  
- In a staff letter, he stated plans to allocate more resources to the company's AI development.  
- This move reflects Alibaba's ongoing commitment to enhancing its capabilities in artificial intelligence.

Yahoo Finance

Alibaba CEO confirms departure of Qwen AI division head

The global AI chip export control is a clear signal that the US is trying to preserve their dominance over the rest of the world by controlling the access to leading edge technology. This layer of geopolitical fabric veils the certainty for global businesses seeking to employ AI at scale. This would inadvertently drive businesses to diversify and reconsider the use of Chinese alternatives (or a mix of both), especially if both are now equally risky. Right now the Chinese tech companies are undervalued. Would it lead to a renewed and sustained interest in them? We shall sit back and see how it unfold.

A pivotal Friday unfolds as geopolitical tensions take a new turn, AI chip controls tighten globally, and markets brace for key jobs data. Here's your essential briefing:

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🔥 Market Flash: Iran Denies Strait Closure, Chip Controls Expand, Jobs Data Ahead | Mar 6, 2026

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US Pentagon says they are prepared for the war to last till September, and with Trump's comments on moving on to Cuba after finishing in Iran, I don't expect stability anytime soon. Sure the market might still be up throughout 2026, but volatility would definitely remain high.

The war balance seems to be tilting towards the US and Israel. The war must end quickly to save both sides of human losses. Even M'sia has entered saying Israel is Islam's common enemy. Does he not know he then also means M'sia is anti-US?

Oil risk premium probably stays elevatedStaying long AI infra and some commodity exposure as a hedge against geopolitical risks.Bulls on AI infrastructure and networking - Precious metals lower margin requirements could boost liquidity and trading activity.

I stick to my defensive stance until the market shows more resilient price action. Until then, I lean defensive. Stay safe!

Global chip export controls are a double-edged sword: protects US AI leadership but accelerates China's domestic semiconductor push

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0304 ｜Dolphin Research Focus: 🐬 Macro/Industry 1. On Tues. local time, President Trump announced the White House will provide naval escorts and political risk insurance for tankers transiting the Strait of Hormuz. The goal is to stabilize energy prices and relieve soaring marine insurance costs and transit disruptions.The move directly hedges geopolitical risk and swiftly calms market worries over energy supply, limiting near-term upside for crude. It could help normalize shipping routes if implemented effectively.However, the actual effectiveness of the escort program and the longevity of regional tensions remain uncertain. Energy and shipping sectors may remain volatile as the situation evolves, so track the pace of real traffic recovery...

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BABA Qwen chief steps down; NVDA sets GTC 2026 dates ｜ Daily News Recap---

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Current war situation of IRAN vs ISRAEL, UNITED STATES OF AMERICA AND EVERYONE AFFECTING THE MARKET, BULLISH ON THIS DIP $IBM(IBM.US)$Alibaba(BABA.US)

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The Hang Seng Index rose 468 points in the first half of the day, JD Logistics increased by 21%, technology stocks led the market, and ATM rose by 4% | Hong Kong stock market opens

Alibaba Group Holding Ltd Stock (BABA) Moved Down by 3.07% on Mar 5: What Signal Does It Send?

Alibaba, Bytedance And Tencent Are Turning To Domestic Chipmakers To Ease The Pain From A Deepening Global Shortage Of Memory Chips - The Information

"Market Review" Hong Kong stocks rebound, northbound capital net outflow of 27.7 billion, Alibaba "six consecutive declines"

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