【Hong Kong Stock Market】Hang Seng Index drops nearly 800 points again, losing the 25,000 mark; oil prices break $100; PetroChina rises nearly 50%, CNOOC up nearly 6%; HSBC and Standard Chartered fall nearly 0.5% (updating continuously)

SocialAnxietyStaker · 2026-03-09T03:41:02+00:00

The ongoing Middle East conflict continues to push oil prices above $100, leading to a 681-point drop in the Hang Seng Index to 25,075 points, with a turnover of HKD 16.96 billion. The Tech Index fell by 3.8%. China National Petroleum Corporation and China National Offshore Oil Corporation shares rose; K. Wah International issued a profit warning, expecting a net loss of no more than HKD 900 million. U.S. stocks plummeted last Friday, and market anxiety continues to impact the Hong Kong stock market.

SocialAnxietyStaker

2026-03-09 03:41:02

Abstract generation in progress

【Hang Seng Index / Hang Seng Index / HSI / Hang Seng / Hang Seng Index / Hong Kong Stocks / Night Futures / ADR】The Middle East conflict continues, oil prices surpass $100, the 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, details on the next page

Financial Diary:

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Market Trends:

【10:25】【ESG】Market and Securities Regulatory Commission: Market generally supports sustainable certification regulation, disclosure with consistency and credibility, helping investors compare

【10:13】K. Wah International (00173) drops over 7%, lowest at HKD 2.36, K. Wah International issues profit warning, expects net loss for FY2025 not to exceed HKD 900 million.

【173 Profit Warning】K. Wah International likely turned from profit to loss last year due to impairment provisions and other factors, net loss not exceeding HKD 900 million

【10:09】CK Hutchison (00001) drops half a percent, lowest at HKD 57.6.

【CK Hutchison sells port assets】CKH’s Panama port subsidiary initiates international arbitration against the Panamanian government, claiming at least USD 2 billion

【10:01】HSBC (00005) and Standard Chartered (02888) fall nearly 5%, AIA (01299) drops over 5%.

【09:57】Hong Kong stocks early session down nearly 800 points, breaking below 25,000.

【09:34】Shandong Molong (00568) surges over 50%, China National Petroleum (02178), CNOOC (00346), and Sinopec (00632) up over 40%.

【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; Estun (2715) opens flat

【09:21】Hang Seng Index opens down 681 points, at 25,075, holding above 25,000. Turnover 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】Hang Seng futures decline by 833 points, at 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 USD 5,000 level; oil prices soar, inflation concerns intensify

【07:58】Hang Seng futures down 776 points, at 24,986.

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

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

【07:45】【Morning Briefing】Oil prices once rose 20%, surpassing $111; energy prices surge, will CLP and HK Electric immediately increase electricity rates? 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 index up 0.7%, at 6,961, mainly reflecting Hong Kong stocks’ Friday afternoon rally. HSBC ADR is 3% below 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) | 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, Dow Jones fell 945 points to 47,009; the VIX volatility index surged 21.6% to 28.88. The Dow closed down 453 points, S&P 1.33% lower, Nasdaq down 1.59%.

Check US market close:

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| 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) | 127.88 | -2.16% |

Hong Kong stocks yesterday’s market, details on:【Hong Kong Night Futures + ADR + Northbound Funds】Night futures close down 263 points, HSBC ADR is 3% below 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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