【Hong Kong Stock Market】Hang Seng Index Opens Lower by 488 Points, HSBC and AIA Both Drop 3%, Alibaba and Tencent Fall 2% (Continuously Updated)

【Hang Seng Index / Hang Seng / HSIC / Hang Seng Index / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks declined nearly 500 points amid escalating Middle East conflict, with the Hang Seng Index opening down 488 points at 24,789, and a turnover of HKD 8.42 billion. The tech sector fell 1.9%, closing at 4,780 points. HSBC (00005) and AIA (01299) both dropped over 3%, Alibaba (09988) declined over 2%, and Tencent (00700) fell 2%.

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Financial Diary:

▲ Financial Diary

Market Movements:

【09:22】 The Hang Seng Index opened down 488 points at 24,789, with a turnover of HKD 8.42 billion. The tech sector declined 1.9%, closing at 4,780 points. HSBC (00005) and AIA (01299) both fell over 3%, Alibaba (09988) declined over 2%, and Tencent (00700) dropped 2%.

【09:08】 Hang Seng Futures down approximately 556 points, at 24,694.

【08:59】【6693】Chifeng Gold received an investment from Zijin, becoming the largest single shareholder.

【07:38】【IPO】Copper Master 664 raised up to HKD 500 million; it is a copper-based cultural and creative product IP licensing company, with IP rights including Nezha, Transformers, GOT, and others. Entry fee HKD 6,869.

【07:58】【IPO】Furier 3625 raised up to HKD 600 million; a supplier of audio amplification chips and tactile feedback chips, with an entry fee of HKD 5,050.

【07:45】【Morning Brief】The US and Iran threaten to strike civilian infrastructure; Xiaomi’s earnings report is due Tuesday, and memory stocks are affected.

【07:45】US rate hike expectations increase, with the 10-year Treasury yield surging to 4.38%. Night futures close down 525 points, at 24,725. The China concept stock index drops 2.9%, closing at 6,742. HSBC ADRs fell nearly 3%.

More Hong Kong ADRs and Chinese concept stocks quotes:

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【07:30】Tensions in Iran escalate. US President Trump told reporters on Friday, “I don’t want a ceasefire.” Energy prices fluctuate, and the Dow Jones Industrial Average once dropped over 600 points; US long-term bond yields hit a half-year high, with the market now pricing in a 40% chance of a rate hike in September. The Dow closed down 443 points at 45,577; the S&P 500 fell 1.51%, and the Nasdaq declined 2.01%.

See the US stock market close:

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Hong Kong stocks yesterday, details see: 【Hong Kong Night Futures + ADR + Northbound Funds】 Night futures closed down 525 points, HSBC ADR down nearly 3%.