[Hong Kong Stock Market] Hang Seng Index plunges 833 points to fall below 25,000; HSBC ADR nearly 3% lower than Hong Kong (updating)

【Hang Seng Index / Hang Seng / HSIC / Hang Seng Index / HSI / Hong Kong Stocks / Night Futures / ADR】The Hang Seng Index black session drops 776 points, closing at 24,986 points. The ongoing Middle East conflict pushes oil prices above $100, while Dow futures plunge 1,112 points. Night futures close down 263 points, at 25,328 points. The China concept stock index rises 0.7%, closing at 6,961 points, mainly reflecting the Hong Kong stocks’ rally on Friday afternoon. HSBC ADR is 3% lower than Hong Kong stocks.

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

Financial Daily:

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Market Trends:

【08:46】Hang Seng black session drops further to 833 points, at 24,929 points.

【08:46】【Property Stocks】Sunac China proposes spin-off of commercial real estate REITs

【08:19】【Iran Crisis】Gold price drops over 2%, testing $5,000 level; oil prices surge, heightening inflation concerns

【07:58】Hang Seng black session drops 776 points, at 24,986 points.

【07:50】【Iran Crisis】Oil prices surge past $100, with more Middle Eastern major oil producers cutting output

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

【07:45】【Morning Highlights】Oil prices once surged 20% beyond $111—will CLP and HK Electric immediately raise electricity rates amid soaring energy prices? 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 points. The China concept stock index rises 0.7%, at 6,961 points, mainly reflecting the Hong Kong stocks’ rally on Friday afternoon. HSBC ADR is 3% lower than Hong Kong stocks.

| ADR | HKD Equivalent | 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 stock ADRs and China concept stock quotes:

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【07:30】Concerns over oil supply disruptions and worse-than-expected US employment data caused US stocks to plunge again last Friday, with the Dow dropping 945 points to a low of 47,009 points; the so-called “fear index” VIX surged 21.6% to 28.88. The Dow closed down 453 points, the S&P fell 1.33%, and the Nasdaq declined 1.59%.

Check US market close:

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Hong Kong stocks yesterday, 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?