【Hong Kong Stock Market】 Hang Seng Index plunges 776 points in the black session, testing the 25,000 level; HSBC ADR nearly 3% below Hong Kong (updating)

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【Hang Seng Index / Hang Seng / HSIC / Hang Seng Index / HSI / Hong Kong Stocks / Night Futures / ADR】The Hang Seng Index fell 776 points in black session, closing at 24,986 points. The ongoing Middle East conflict continues, pushing oil prices above $100 per barrel. Dow futures plunged 1,112 points. Night futures closed down 263 points, at 25,328 points. China concept stocks rose 0.7%, closing at 6,961 points, mainly reflecting the afternoon rally in Hong Kong stocks on Friday. HSBC ADR is 3% lower than Hong Kong stocks.

US stock updates are continuously refreshed. For details, see: Next Page

Financial Diary:

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Market Trends:

【07:58】Hang Seng Index Night Futures down 776 points, at 24,986.

【07:50】【Iran Crisis】Oil prices surge past $100 per barrel; major Middle Eastern oil producers cut output.

【07:45】【Iran Crisis Analysis】Middle East tensions cause energy prices to spike—will CLP and HK Electric immediately raise electricity rates?

【07:45】【Morning Highlights】Oil prices once surged 20% to over $111—will CLP and HK Electric immediately increase electricity rates amid rising energy costs? MPF Bureau: Considering raising minimum and maximum income levels for MPF contributions.

【07:45】Weekend war risks persist. Night futures close down 263 points, at 25,328. China concept stocks rise 0.7%, at 6,961, mainly reflecting the afternoon rally in Hong Kong stocks on Friday. HSBC ADR is 3% lower than Hong Kong stocks.

| ADR | Converted HKD | Change from HK Market Close | | Meituan ADR | 75.36 | -1.93% | | Tencent ADR | 511.87 | -1.37% | | HSBC ADR | 131.49 | -2.75% | | Alibaba US Stock | 127.88 | -2.16% |

More Hong Kong ADRs and China concept stock quotes:

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【07:30】Concerns over oil supply disruptions and US employment data unexpectedly worsening caused US stocks to plunge again last Friday. The Dow once dropped 945 points, hitting a low of 47,009. The VIX volatility index, known as the “fear index,” surged 21.6% to 28.88. The Dow closed down 453 points, the S&P 500 fell 1.33%, and the Nasdaq declined 1.59%.

Check US market close:

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Hong Kong stocks yesterday’s market, for details see: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Night futures close down 263 points, HSBC ADR is 3% lower than Hong Kong stocks.

		Financial Hot Talk
	





	Middle East conflict threatens oil supply—Will oil prices break $100? Could this impact the global economy?
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