【Hong Kong Stock Market】 Hang Seng Index opens 681 points lower, temporarily holding above 25,000; oil prices break $100; China Petroleum rises 7%, CNOOC rises 8%; ATM drops 3% to 4% (updating continuously)

SocialAnxietyStaker · 2026-03-09T01:31:20+00:00

The escalation of Middle Eastern conflict led to oil prices surpassing $100. The Hang Seng Index opened down 681 points to 25,075 points, with a turnover of HKD 16.96 billion, and the Tech Index fell 3.8%. China National Petroleum Corporation and China National Offshore Oil Corporation stocks rose. U.S. stocks continued to decline due to weak employment data and oil price impacts, and market sentiment remains poor.

SocialAnxietyStaker

2026-03-09 01:31:20

Abstract generation in progress

【Hang Seng Index / Hang Seng Index / HSI / Hang Seng / Hong Kong Stocks / Night Futures / ADR】The Middle East conflict continues, oil prices surpass $100, Hang Seng Index opens down 681 points, opening at 25,075 points, temporarily holding above 25,000. Turnover is 16.96 billion HKD. Tech index drops 3.8%, at 4,760 points. Oil prices break $100, China Petroleum (00857) rises 7%, CNOOC (00883) up 8%, both hitting new highs. ATM drops 3% to 4%.

US stock updates ongoing, see details on: Next Page

Financial Diary:

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Market Trends:

【09:28】【HSBC】HSBC Hong Kong CEO: If geopolitical tensions persist, more funds may flow into Hong Kong

【09:28】【IPO】Youlesai 2649 opens nearly 32% lower, losing HKD 1,750 per lot; Zhaowei Mechanical 2692 opens nearly 10% higher; Eston 2715 opens flat

【09:21】 Hang Seng Index opens down 681 points, at 25,075, temporarily above 25,000. Turnover is HKD 16.96 billion. Tech index down 3.8%, at 4,760. Oil prices break $100, China Petroleum (00857) up 7%, CNOOC (00883) up 8%, both hitting new highs. ATM drops 3% to 4%.

【08:46】Hong Kong Futures drop 833 points to 24,929.

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

【08:19】【Iran Crisis】Gold drops over 2%, testing $5,000 level; oil surges, inflation concerns intensify

【07:58】Hong Kong Futures down 776 points to 24,986.

【07:50】【Iran Crisis】Oil surges past $100, more Middle Eastern oil producers cut 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 Briefing】Oil prices surged 20%, surpassing $111; energy prices spike—will CLP and HK Electric immediately raise electricity rates? MPF Bureau considers 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%, closing at 6,961, mainly reflecting Hong Kong stocks’ Friday afternoon gains. 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 ADRs and Chinese 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 last Friday, with the Dow Jones dropping 945 points to 47,009; the VIX volatility index surged 21.6% to 28.88. The Dow closed down 453 points, S&P fell 1.33%, Nasdaq down 1.59%.

Check US market close:

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Hong Kong stocks yesterday, details see: 【Hong Kong Night Futures + ADR + Northbound Funds】Night futures close down 263 points; HSBC ADR is 3% lower than HK 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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