【Hong Kong Stocks Night Futures + ADR + Northbound Capital】HSBC ADR 3% Lower Than Hong Kong, Night Futures Down 353 Points (Continuous Updates)

【Hang Seng Index / Hang Seng / HS / HSI / Hong Kong Stocks / Night Futures / ADR】 Expectations of U.S. interest rate hikes surge, U.S. 10-year Treasury yield jumps to 4.392%, night futures drop 353 points to 24,897 points, China concept stock index falls 1.9% to 6,810 points, HSBC ADR down 2.7% from Hong Kong closing price.

| ADR | Converted HKD | Change from HK closing price | | Meituan ADR | 77.84 | -1.66% | | Tencent ADR | 501.66 | -1.25% | | HSBC ADR | 121.20 | -2.65% | | Alibaba US Stock | 121.62 | -1.68% |

Northbound funds withdraw over 21 billion, buying Xiaomi, Alibaba, Tencent, large sell-offs of index ETFs

Northbound funds see a net outflow of 21.01 billion HKD. Xiaomi (01810) and Alibaba (09988) record net inflows of 2.46 and 2.04 billion HKD respectively, Tencent (00700) has a net inflow of 680 million HKD; meanwhile, funds sell off three major index ETFs: the Tracker Fund (02800), Hang Seng China Enterprises ETF (02828), and Southern Hang Seng Tech ETF (03033), with net outflows of 13.38, 4.18, and 3.63 billion HKD respectively.

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Hang Seng Index drops 223 points, Alibaba down 6% after earnings, Xiaomi drops over 8%, CATL rises 8% to new high

Hong Kong stocks fall over 200 points. Hang Seng Index opens down 163 points at 25,337, briefly turns positive after opening, then declines again, with a maximum drop of 379 points to 25,121. Finally, the index closes down 223 points at 25,277, with a turnover of 34.252 billion HKD. The Tech Index drops 2.5% to 4,872. Alibaba (09988) falls over 6% after earnings, Xiaomi (01810) drops over 8%, CATL (03750) rises over 8% to a new high.

			▲【Hong Kong Market Close】Hang Seng down 223 points, Alibaba down 6% after earnings, Xiaomi drops over 8%, CATL up 8% to new high (updating)

				

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US stocks update continuously, see details on: Next page

Financial Diary:

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Market Movements:

【19:25】 Northbound funds net outflow over 21 billion, buying Xiaomi, Alibaba, Tencent, large sell-off of index ETFs. Hang Seng night futures down 77 points.

【16:59】【China Gas 003 Earnings】China Gas full-year profit down 0.4%, final dividend maintained at 23 cents.

【16:45】【CK Asset 1113】Review of broker comments on CK Asset earnings; Morgan Stanley: short-term no large-scale reinvestment expected; why UBS raises target price by 13%?

【16:43】【3750】CATL surges, closing at 698 HKD, up 8%, breaking new high; why H-shares’ premium over A-shares rises to nearly 49%, a new high?

【16:32】【IPO】Two new stocks listed next Monday; Feishu Innovation (3355) surged 104% in the dark pool, with a maximum profit of 4,340 HKD per lot; Guonian Technology (2701) up 17%.

【16:10】 Hang Seng Index finally closes down 223 points at 25,277, with a turnover of 34.252 billion HKD. Tech Index down 2.5% at 4,872. Alibaba (09988) drops over 6%, Xiaomi (01810) down over 8%, CATL (03750) up over 8% to a new high.

【16:00】 Hang Seng U-plate down 226 points, at 25,274, with a turnover of 2.902 trillion HKD.

【15:35】MINIMAX (00100) continues to retreat 6%, low at 998 HKD; Zhipu (02513) also down over 6%, low at 616.5 HKD.

【15:25】【HSBC GIS】HSBC to hold Global Investment Summit 2026 from April 14-16, inviting former US Treasury Secretary Yellen to speak | List of speakers

【15:23】【Food Stocks】Hotpot chain plans to enter Hong Kong, aiming to open its first store this year, testing the market.

【15:15】【257 Earnings】Everbright Environment profits up 16.2% last year, final dividend up 33% to 12 cents.

【15:08】SMIC (00981) down 5%, Huahong Semiconductor (01347) down 2%.

【15:07】Hong Kong stocks retreat in late session, down about 350 points to 25,149, with a turnover of 2.355 trillion HKD. Tech Index down 2.9% at 4,851.

【14:06】【HSBC Major Bank Report】Morgan Stanley: HSBC’s Middle East business contributes 5% of group pre-tax profit; management remains confident in achieving performance targets.

【14:06】【17】New World Development weak, family considering rights issue or share placement to inject 31.2 billion HKD, confident in the rebound of Hong Kong’s property market.

【13:17】Hang Seng Index drops about 200 points in the afternoon, testing 25,300. Alibaba (09988) down over 6%, Xiaomi (01810) down over 6%.

【13:14】Tai Hing (03811) earnings after market plunge 7%, low at 1.07 HKD, turnover 3.55 million HKD.

【13:00】Hong Kong stocks maintain over 100-point decline in early afternoon, at 25,351, down 149, with a turnover of 1.569 trillion HKD. Tech Index down 1.7% at 4,910.

【12:51】Datang West City (00620) suspended trading, last at 0.355 HKD, down 42.7%, turnover 17.298 million HKD.

【12:51】【Tai Hing 6811 Earnings】Tai Hing Group’s final dividend 5 cents, doubled year-on-year; current dividend yield 7.4%; full-year profit up 72%.

【12:45】【Property Developer Warning】Zhengrong Real Estate expects a maximum 1.6 times increase in loss to 18 billion RMB last year.

【12:10】【762 Analysis】China Unicom drops over 3% after earnings; Credit Suisse lowers target price; analysis: earnings are average but AI highlights remain.

【12:00】Hang Seng half-day down 161 points at 25,338, with a turnover of 1.542 trillion HKD. Tech Index down 1.7% at 4,911. Alibaba (09988) falls nearly 6% after earnings, Xiaomi (01810) down nearly 7%, Li Ning (02331) up 10% against the trend. Auto stocks generally rise, Geely (00175) up 7%, BYD (01211) up nearly 2%.

【11:46】【AI+9988】Alibaba’s “Ask 3.5” flagship model preview debuts, surpassing GPT 5.4 and Claude 4.6, ranking 5th among global large model companies.

【11:38】【1810 Analysis】Xiaomi surged 7% after the launch event; Goldman Sachs notes strong initial performance of new SU7; analysis: focus on gross margin pressure.

【11:05】【9988 Analysis】Alibaba’s earnings post-market saw a 6% decline; Daiwa lowers target price to 184 HKD; analysis: long-term AI development remains attractive.

【10:58】【1910 Earnings】Luggage brand Samsonite fell 11% after earnings; last year profit down 16%; Timothy Charles Parker to resign as chairman, succeeded by Jerome Squire Griffith.

【10:49】Zijin (02899) down 0.9%, Zijin Gold International (02259) up over 4%, Zhaojin (01818) up 1%, Lingbao Gold (03330) up over 3%, Shandong Gold (01787) up nearly 1%.

【Gold Price Trend】Gold faces the largest weekly decline in 6 years; what is the current price per two ounces?

【10:49】Geely (00175) up over 6%, BYD (1211) up over 2%, Li Auto (02015), Xpeng (09868) fluctuate, with Li Auto up over 2%, Xpeng down 4%.

【09:55】Market turns down again, about 131 points lower at 25,369; Alibaba (09988) down over 4%, Xiaomi (01810) down over 6%.

【09:54】【2331 Earnings】Li Ning’s stock rose 13% after earnings; last year’s net profit down 2.6%, final dividend up nearly 13% to 23.36 cents RMB.

【09:40】Hong Kong stocks open higher, Hang Seng up about 23 points at 25,523.

【09:40】【IPO】Hua Yan Robotics (1021) raises over 1.3 billion HKD, collaborative robot company; entry fee 3,434 HKD per lot.

【09:22】【IPO】Tong Ren Tang Medical & Elderly Care (2667) raises nearly 900 million HKD, subsidiary of Tong Ren Tang; entry fee 4,192 HKD per lot.

【07:55】【IPO】DeShi (2526) raises nearly 900 million HKD, focuses on medical imaging products; entry fee 5,682 HKD per lot.

【07:45】【9988 Earnings】Alibaba drops 7%; CEO: cloud and AI business expected to exceed 100 billion USD in five years; retail segment profitable in FY29.

【07:45】【Morning Highlights】Alibaba’s adjusted net profit last quarter below expectations; CK Hutchison’s full-year profit up 7%; Cathay Pacific ranks second globally among airlines.

【07:45】Iran conflict concerns ease, China concept stock index narrows decline to 1%, closing at 6,945; night futures down 151 points, closing at 25,312. Alibaba US stocks down from HK stocks by 7%.

| ADR | Converted HKD | Change from HK closing price | | Meituan ADR | 78.96 | -2.15% | | Tencent ADR | 507.86 | -1.00% | | HSBC ADR | 124.49 | +0.40% | | Alibaba US Stock | 122.30 | -7.35% |

More Hong Kong stocks ADRs and China concept stock quotes:

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【07:30】US stocks decline, Dow down 203 points at 46,021; S&P down 0.3% at 6,606; Nasdaq down 0.3% at 22,090.

Check US market close:

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Hong Kong market yesterday, details see: 【Hong Kong Night Futures + ADR + Northbound Funds】Alibaba US stocks down 7% from HK stocks, night futures down 151 points

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