--- title: "Hong Kong stocks closed | Meituan surged 13.92%, leading the tech sector" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/280435365.md" description: "On March 25th, the three major indices of the Hong Kong stock market collectively closed higher, with the Hang Seng Tech Index leading the way with a rise of 1.91%. Meituan performed impressively, closing up 13.92%, with a trading volume exceeding HKD 21.9 billion; however, Pop Mart saw a significant decline of 22.51% due to sector adjustments. The retail and catering sectors showed mixed performance overall, and the pressure from macroeconomic data leaves the market direction still awaiting further confirmation of trading volume" datetime: "2026-03-25T08:13:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280435365.md) - [en](https://longbridge.com/en/news/280435365.md) - [zh-HK](https://longbridge.com/zh-HK/news/280435365.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/280435365.md) | [English](https://longbridge.com/en/news/280435365.md) # Hong Kong stocks closed | Meituan surged 13.92%, leading the tech sector **Market Overview** ▪ On March 25, Hong Kong stocks closed with all three major indices rising collectively, indicating a warming market sentiment, but none reached the peak levels seen on March 19. ▪ The Hang Seng Index closed at 25,335.95 points, up 1.09%, failing to surpass the peak of March 18 and remaining below previous highs. ▪ The Hang Seng Tech Index closed at 4,922.94 points, up 1.91%, not reaching a new high for the period, with attention on whether it can break above the March 19 high. ▪ The China Enterprises Index closed at 8,582.74 points, up 0.98%, also failing to break through the March 19 peak, maintaining a fluctuating upward trend. ▪ Overall, in the short term, the market is fluctuating near previous highs, and future movements may require volume support to confirm direction. **Sector Performance** ▪ The retail sector experienced significant volatility, with severe internal performance divergence. Leading stock Alibaba-W rose 4.63%, driving the sector upward. ▪ The restaurant sector saw increased volatility, with a lack of major news guidance in the market, leading to significant declines in top stocks, including Haidilao down 11.07% and Guming down 8.13%, with strong capital hesitation. ▪ The internet content and information sector showed mixed trends, with Meituan and Zhihu-W performing strongly, while Tencent Holdings and Baidu recorded declines, lacking dominant positive drivers overall. **Macroeconomic Background** ▪ Recently, macroeconomic data for the Hong Kong stock market has been weak, with retail sales and manufacturing under pressure, reflecting sluggish consumer and export activities. ▪ The macro environment remains unclear, with investors closely monitoring changes in inflation, employment, and foreign exchange reserves, as these core data points will directly impact market confidence and subsequent liquidity. **Popular Stocks** ▪ Meituan-W (3690.HK) rose 13.92%, with a trading volume of HKD 21.967 billion. As a leader in the tech sector, Meituan's significant rise today notably boosted market sentiment. ▪ Alibaba-W (9988.HK) rose 4.63%, with a trading volume of HKD 18.913 billion, showing stable stock performance and high capital participation. ▪ Yangtze Optical Fibre and Cable (6869.HK) rose 12.12%, with a trading volume of HKD 7.082 billion, significantly rising under the influence of tech rebound sentiment. ▪ Pop Mart (9992.HK) fell 22.51%, with a trading volume of HKD 24.460 billion, with the latest transaction price at HKD 168.3, showing a significant decline in both volume and price. ▪ Haidilao (6862.HK) fell 11.07%, significantly retreating due to the overall sluggishness of the restaurant sector. **Market Trading Volume TOP10** ▪ Meituan-W (03690.HK) Latest transaction price 90.0 HKD, increase 13.92%, trading volume 21.967 billion ▪ Tencent Holdings (00700.HK) Latest transaction price 505.5 HKD, decrease 1.65%, trading volume 19.008 billion ▪ Alibaba-W (09988.HK) Latest transaction price 128.9 HKD, increase 4.63%, trading volume 18.913 billion ▪ Xiaomi Group-W (01810.HK) latest transaction price 32.52 HKD, decline 0.49%, transaction amount 10.084 billion ▪ China National Offshore Oil Corporation (00883.HK) latest transaction price 28.5 HKD, decline 3.19%, transaction amount 8.219 billion ▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK) latest transaction price 185.0 HKD, increase 12.12%, transaction amount 7.082 billion ▪ Biyatu Co., Ltd. (01211.HK) latest transaction price 106.4 HKD, decline 0.56%, transaction amount 3.413 billion ▪ Zijin Mining Group Co., Ltd. (02899.HK) latest transaction price 35.62 HKD, increase 2.18%, transaction amount 3.347 billion ▪ Semiconductor Manufacturing International Corporation (00981.HK) latest transaction price 56.5 HKD, increase 2.36%, transaction amount 3.136 billion ▪ Pop Mart International (09992.HK) latest transaction price 168.3 HKD, decline 22.51%, transaction amount 2.446 billion ### 相關股票 - [BABA-W (09988.HK)](https://longbridge.com/zh-HK/quote/09988.HK.md) - [HAIDILAO (06862.HK)](https://longbridge.com/zh-HK/quote/06862.HK.md) - [ZHIHU-W (02390.HK)](https://longbridge.com/zh-HK/quote/02390.HK.md) - [MEITUAN (03690.HK)](https://longbridge.com/zh-HK/quote/03690.HK.md) - [YOFC (06869.HK)](https://longbridge.com/zh-HK/quote/06869.HK.md) - [POP MART (09992.HK)](https://longbridge.com/zh-HK/quote/09992.HK.md) - [CMS HS TECH (03423.HK)](https://longbridge.com/zh-HK/quote/03423.HK.md) - [ChinaAMC Hang Seng Technology ETF(QDII) (513180.CN)](https://longbridge.com/zh-HK/quote/513180.CN.md) - [CSOP HS TECH (03033.HK)](https://longbridge.com/zh-HK/quote/03033.HK.md) - [Meituan (MPNGY.US)](https://longbridge.com/zh-HK/quote/MPNGY.US.md) - [Tianhong Hang Seng TECH ETF(QDII) (520920.CN)](https://longbridge.com/zh-HK/quote/520920.CN.md) - [Huatai-PB CSOP Hang Seng Technology ETF(QDII) (513130.CN)](https://longbridge.com/zh-HK/quote/513130.CN.md) - [HSTECH ETF (03032.HK)](https://longbridge.com/zh-HK/quote/03032.HK.md) - [Hang Seng TECH ETF I (159742.CN)](https://longbridge.com/zh-HK/quote/159742.CN.md) - [ISHARESHSTECH (03067.HK)](https://longbridge.com/zh-HK/quote/03067.HK.md) - [Hang Seng TECH Index (STECH.HK)](https://longbridge.com/zh-HK/quote/STECH.HK.md) - [Dacheng Hang Seng Technology ETF(QDII) (159740.CN)](https://longbridge.com/zh-HK/quote/159740.CN.md) ## 相關資訊與研究 - [China regulator orders food delivery giants to strengthen safety controls](https://longbridge.com/zh-HK/news/281633054.md) - [Jefferies Reaffirms Their Buy Rating on Pop Mart International Group Limited (735)](https://longbridge.com/zh-HK/news/280938752.md) - [A C-Suite executive at Pop Mart's biggest Chinese competitor explains what goes into making a hit toy like Labubu](https://longbridge.com/zh-HK/news/281606541.md) - [Pop Mart’s $33 Billion Rout Casts Doubt on Life After Labubu](https://longbridge.com/zh-HK/news/281434908.md) - [Boost for Pop Mart’s shares from buyback likely limited](https://longbridge.com/zh-HK/news/280724952.md)