[Hong Kong Stock Market] The Hang Seng Index once dropped 850 points, falling below 25,000. Oil prices broke $100. China National Petroleum Corporation rose nearly 50%, China Oil Corporation rose nearly 6%. HSBC and Standard Chartered fell nearly 0.5% (updating continuously).

SocialAnxietyStaker · 2026-03-09T04:01:32+00:00

The ongoing Middle East conflict continues to impact the market, with oil prices surpassing $100. The Hang Seng Index opened down 681 points, closing at 25,075 points, with a turnover of 16.96 billion yuan. The China Tech Index fell by 3.8%. China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) stocks rose, while gold-related stocks generally declined. Market sentiment is affected by geopolitical tensions, and Hong Kong stocks face significant volatility.

SocialAnxietyStaker

2026-03-09 04:01:32

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 per barrel. The Hang Seng Index opens down 681 points, at 25,075, 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 declines 3% to 4%.

US stock updates ongoing, details on: Next Page

Financial Diary:

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Market Trends:

【11:29】The Hang Seng closes the morning session down about 681 points, at 25,075, briefly regaining above 25,000. Turnover is 20.54 billion HKD. Tech index drops 2.5%, at 4,825.

【11:17】【700】Tencent reportedly plans to acquire Warner Bros. from Paramount, investing hundreds of millions of dollars in the deal.

【10:54】Two Sessions 2026｜CPPCC member and Rothschild Asia Pacific & China Chairman Zhao Boji suggests promoting the “New Stock Connect” to facilitate secondary listings and transfers of Chinese concept stocks.

【10:45】The Hang Seng once fell 851 points, hitting a low of 25,114. The latest decline narrows to about 666 points, at 25,090. Turnover is 16.17 billion HKD. Tech index down 2.2%, at 4,837.

【10:36】Gold-related stocks fall with gold prices. Zijin (02899) drops over 6%, Zijin Gold International (02259) down over 3%, Zhaojin (01818) down half a percent, Shandong Gold (01787) down over 1%, Lingbao Gold (03330) rises nearly 6% against the trend.

【10:25】【ESG】Financial Regulatory Bureau: The market broadly supports sustainable certification regulation, emphasizing consistency and credibility to help investors compare.

【10:13】Kaisa Group (00173) drops over 7%, to a low of HKD 2.36. Kaisa issues profit warning, expecting net loss for FY2025 not to exceed HKD 900 million.

【173 Profit Warning】Kaisa Group expects to turn loss last year due to impairment provisions and other factors, with net loss not exceeding HKD 900 million.

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

【CK Hutchison Ports】CKH Ports 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%, Qianjin Oilfield (02178), Yanchang Petroleum (00346), and China Petroleum (00632) up over 40%.

【09:28】【HSBC】HSBC Hong Kong CEO: If geopolitical tensions persist, expect more capital inflows 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】The Hang Seng opens down 681 points, at 25,075, holding above 25,000. Turnover is HKD 16.96 billion. Tech index drops 3.8%, at 4,760. Oil prices break $100, China Petroleum (00857) up 7%, CNOOC (00883) up 8%, both hitting new highs. ATM declines 3% to 4%.

【08:46】Hang Seng futures decline by 833 points, at 24,929.

【08:46】【Property Stocks】Sunac China proposes to spin off its commercial real estate REITs.

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

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

【07:50】【Iran Crisis】Oil prices surge past $100 amid production cuts by major Middle Eastern oil producers.

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

【07:45】【Morning Brief】Oil prices once surged 20%, exceeding $111. Will energy prices cause immediate electricity rate hikes? The MPF Bureau considers raising the minimum and maximum income levels for MPF contributions.

【07:45】Weekend war risks persist. Night futures close down 263 points, at 25,328. The China concept stock index rises 0.7%, at 6,961, mainly reflecting the 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. The 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%.

See US market close:

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Market Hot Talk

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

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