[Hang Seng Night Futures + Northbound Funds] Northbound funds net outflow of 18 billion throughout the day, funds buy Tencent and Alibaba, large sell-off of index ETFs. Hang Seng Night Futures down 24 points (updating continuously)

【Hang Seng Index / Hang Seng / HSIC / Hang Seng Index / HSI / Hong Kong Stocks / Night Futures / ADR】 After Northbound funds flowed in heavily yesterday, on Tuesday they quickly sold into the rebound, recording a net outflow of HKD 17.95 billion for the day. Tencent (00700) had a net inflow of HKD 3.65 billion for the day, Alibaba (09988) and Changfei Optical Fiber (06869) had net inflows of HKD 1.33 billion and HKD 150 million respectively; on the outflow side, large funds sold index ETFs, with the Tracker Fund (02800) experiencing a capital outflow of HKD 13.56 billion, while the Hang Seng China Enterprises ETF (02828) and the Southern Hang Seng Tech ETF (03033) recorded net outflows of HKD 5.38 billion and HKD 3.57 billion respectively.

The Hang Seng Index night futures rose 24 points to 25,935 points.

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The Hang Seng Index rose 551 points to close at 25,959 points, ending at the highest level of the day, with a total turnover of HKD 330.93 billion. The Tech Index increased by 2.4%, closing at 5,060 points. The AI lobster concept continued to heat up, with Tencent up 7%, MINIMAX rising over 22% to a new high of HKD 1,286, Zhipu (02513) up nearly 13%, and XunCe (03317) surging nearly 33%. CATL (03750) rose 9%.

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U.S. stocks kept updating, details on the next page.

Financial Daily:

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Market Trends:

【18:00】Northbound funds sold HKD 18 billion for the day, with funds buying Tencent, Alibaba, and large-scale selling of index ETFs. Hang Seng night futures down 24 points.

【17:25】【MPF】Mandatory Provident Fund: Active ETF investments allowed, with a maximum of 10% of fund net asset value.

【17:19】【Family Office】91% of surveyed institutions have investments in Hong Kong! Financial Institute: Family office risk management needs are urgent; future interest in charity and impact investing increases.

【17:06】【RMB Fixed Deposit】Half-year RMB fixed deposit interest rates up to 1.5%, with major banks first time this year sharply increasing short-term deposit rates to 11.8%.

【16:10】Hang Seng Index up 551 points, closing at 25,959 points, at the day’s high, with a turnover of HKD 330.93 billion. The Tech Index rose 2.4% to 5,060 points. The AI lobster concept continued to heat up, Tencent (00700) up 7%, MINIMAX (0100) up over 22%, reaching a new high of HKD 1,286, Zhipu (02513) up nearly 13%, XunCe (03317) up nearly 33%. CATL (03750) up 9%.

【16:00】Hang Seng U-Share futures up 529 points, at 25,937 points, with a turnover of HKD 316.38 billion.

【15:32】【Chinese Capital Invades Hong Kong】No fear of mainland restaurant lease downturn! Trendy retail “KKV” opens its first store in Wan Chai Lee Tung Street in March.

【15:32】【Iran Crisis】Cathay Pacific shares rebound 4%, continuing to cancel flights to Dubai and Riyadh until March 31, adding extra flights to London.

【15:27】HSBC (00005) rose nearly 4% to HKD 134.9, AIA (01299) up 4% to HKD 85.3, Standard Chartered (02888) up nearly 5% to HKD 178.6.

【15:04】Hong Kong stocks rose about 470 points in the late session, at 25,878 points, with a turnover of HKD 266.6 billion. The Tech Index increased 1.9% to 5,034 points.

【15:03】【AI + Power】Power equipment stocks perform well. Analysis: Differentiate AI power generation from traditional power needs; continue to be optimistic about AI power-related stocks.

【14:22】Pop Mart (09992) fell over 1% against the trend, low at HKD 203.4.

【14:04】Hang Seng Index expanded its gain to 500 points, Tencent up nearly 7%, CATL up 9%, MINIMAX briefly surpassed HKD 1,200, reaching HKD 1,228.

【13:55】MINIMAX (00100) latest up 20%, surpassing HKD 1,200, high at HKD 1,208.

【13:52】【Hong Kong Stock Analysis】Half-day gain of over 400 points, approaching the 10-day moving average. CATL surged 9% after earnings; optimistic about the end of Iran conflict. Analysis: Northbound funds flowing into the Tech Index is a positive signal.

【13:32】Kingsoft Cloud (03896) stock retraced, down over 4% to HKD 6.93.

【13:26】【1286 Earnings】Yingpu Precision’s post-earnings gain sharply narrowed; profit increased nearly 13% last year, dividend 8 cents; sales growth expected to accelerate in 2-3 years.

【13:19】【AI + 100】MiniMax stock hit a new high of HKD 1,148, benefiting from the mainland craze of OpenClaw. Analysis: Industry outlook remains positive; beware of mispicking stocks.

【13:05】Nine Zero (01997) rose over 3% after earnings, reaching HKD 27.86 in early afternoon.

【13:03】Hang Seng Index in early afternoon up about 441 points, at 25,850 points, with a turnover of HKD 177.5 billion. Tech Index up 1.7% to 5,028 points. Tencent (00700) up over 6%, high at HKD 550.

【12:37】【Liwen Paper】Liwen Paper (03896) profit increased 47.8% last year, final dividend raised to 9.3 cents.

【12:31】【1997 Earnings】Nine Zero (01997) turned to a net loss of HKD 4.26 billion for the full year, with a 5% increase in basic net profit, dividend increased by 10% to HKD 0.66.

【12:24】【Liwen Paper】Liwen Cultural & Technical (03330) profit increased 15.8% last year, final dividend 14 cents.

【12:00】Hang Seng half-day up 396 points, at 25,804 points, with a turnover of HKD 172.01 billion. Tech Index up 1.4% to 7,120 points. Tencent (00700) up over 5%, CATL (03750) up over 7%, Zhipu (02513) up nearly 7%, MINIMAX (00100) up over 9%, reaching HKD 1,148, a new high since listing. Financial stocks rebounded, HSBC (00005) and AIA (01299) up 3%. Oil prices fell, PetroChina (00857) down over 2%, CNOOC (00883) down 1%.

【11:48】【CATL Earnings】CATL’s Q4 profit exceeded expectations; broker: easing lithium cost concerns.

【11:35】【Changfei Optical Fiber (06869)】up 12% to HKD 162.

【11:20】Hang Seng Index extended gains over 400 points, at 25,838 points, up 430 points, with a turnover of HKD 146.9 billion; Tech Index up 1.6% to 5,021 points.

【11:15】Tencent (00700) up 5%, high at HKD 542.5.

【11:09】【AI + 9988】Alibaba DingTalk now connects to OpenClaw, offering unlimited free call quotas.

【11:05】【HSBC】HSBC cancels WFH arrangements for Hong Kong customer-facing staff.

【10:47】Market gain narrowed to 208 points, at 25,617 points, with a turnover of HKD 117.6 billion; Tech Index up 0.4% to 4,962 points.

【10:41】Zijin (02899), Zijin Gold International (02259) up 3%; Zhaojin (01818) up nearly 2%; Lingbao Gold (03330) up over 5% to break new high; Shandong Gold (01787) up over 1%.

【Iran Crisis】Trump says war will end soon; gold prices rebound accordingly.

【10:41】Local banks: Fubon Hong Kong (HK) last year earned 52% more, benefiting from increased revenue and reduced impairment losses.

【10:21】【HSBC】HSBC launches “HSBC Teens” financial management service for clients aged 11-17; opening an account now could win an iPhone 17 Pro.

【10:06】CATL (03750) up over 9%, high at HKD 552.

【09:54】HSBC (00005) up over 3%, AIA (01299) up over 2%, Standard Chartered (02888) up half a percent.

【09:53】【AI + 700】Tencent stock up 3%; “Tencent Little Lobster” WorkBuddy service temporarily unstable due to high demand, now fixed.

【09:52】【AI + 2513】Zhipu officially online with AutoClaw, capable of local deployment in one minute; stock once surged 15% to HKD 666.

【09:42】Hong Kong stocks opened with about 415 points higher, returning to around 25,800 points.

【09:32】Baiqin Oil Services (02178), Shandong Molong (00568), China-Hong Kong Petroleum (00632) all down over 20-30%.

【09:28】【IPO】Megatech (3268) opened 0.6% higher at HKD 18, earning HKD 18 per lot, oversubscribed 173 times, 5% chance of winning.

【09:22】Hang Seng Index rebounded 331 points at open, at 25,740 points, with a turnover of HKD 5.23 billion. CATL (03750) up 6% after earnings; oil prices fell, two oil giants retraced 3-4%; XunCe (03317) up 14%; Zhipu (02513) up over 12%; MINIMAX (00100) up nearly 0.5%, reaching HKD 1,146, a new high since listing.

【3750 Earnings】CATL last year earned over 42% more, paying HKD 69.57 per 10 shares.

【09:07】Hang Seng Futures up about 228 points, at 25,613 points.

【08:49】【Rights Issue】Black Sesame Smart offers 2% discount to raise HKD 630 million for new high-performance chip R&D and market expansion.

【07:45】【Morning Brief】CATL last year earned over 42% more; using AI may not necessarily improve efficiency, but could become more “brain-burning”; HSBC app introduces integrated red book service, with a chance to win a gold passbook.

【07:45】War is expected to end soon, oil prices fall, U.S. stocks rebound, night futures close up 103 points, at 25,370 points; Chinese concept stocks index up 1.8%, at 7,083 points; JD.com U.S. stocks and Hong Kong stocks both up 2%.

More Hong Kong stocks ADR and Chinese concept stock quotes:

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【07:30】U.S. President Trump in an external interview said the war is almost over; Dow Jones fell 886 points intraday to 46,615, S&P 500 fell 1.5% to 6,636, Nasdaq fell 1.5% to 22,061. The Dow recovered 239 points to close at 47,740; S&P 500 up 0.8% to 6,795; Nasdaq up 1.4% to 22,695.

See U.S. stock market close details:

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Market Hot Talk:

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