Hong Kong Stocks Update | Hang Seng Index Opens 54 Points Higher, Tencent Softens Ahead of Results

SighingCashier · 2026-03-18T02:19:29+00:00

Middle East tensions continue to weigh on US stocks, with the Golden Dragon Index retreating 0.73%. The Hang Seng Index opened higher by 54 points at 25,923 points in the morning session, with the National Index and Tech Index showing modest gains. Multiple blue-chip stocks such as Pop Mart and Cheung Kong Infrastructure performed well, while Tencent and Alibaba saw slight pullbacks. With the earnings season approaching, the market is focused on major stock performance.

SighingCashier

2026-03-18 02:19:29

Abstract generation in progress

As the Middle East conflict continues, U.S. stocks initially rose then softened, reflecting the performance of Chinese concept stocks, with the Golden Dragon Index retracing 0.73%. After failing to break the 26,000-point mark yesterday, my friend attempted again this morning, and the Hang Seng Index opened slightly higher at around 25,900 points.

The Hang Seng Index opened 54 points higher, or 0.21%, at 25,923 points.

The China Enterprises Index opened 7 points higher, or 0.08%, at 8,833 points.

The Tech Index opened 5 points higher, or 0.1%, at 5,112 points.

Out of 90 blue chips, 44 opened higher.

Pop Mart (09992) opened 2% higher at HKD 219.8, the best-performing blue chip at market open. China Communications Construction (01038), which announced earnings today, opened 2% higher at HKD 65.35.

Technology stocks showed mixed performance. Tencent (00700), which announced earnings today, opened 0.6% lower at HKD 546.5; Alibaba (09988) opened 0.2% lower at HKD 134.4; Kuaishou (01024) opened 0.3% higher at HKD 60; JD.com (09618) opened 0.2% higher at HKD 112.3; Meituan (03690) opened 0.7% higher at HKD 80.55; Xiaomi (01810) opened 0.1% higher at HKD 35.38; Baidu (09888) opened 0.3% lower at HKD 118.9.

HSBC (00005) opened 1.4% higher at HKD 126.6; China Mobile (00941) opened 0.3% lower at HKD 79.8; Hong Kong Exchanges & Clearing (00388) opened flat at HKD 404.4.

As earnings season begins, earnings-related stocks become market focus. Besides Tencent and China Communications Construction, other companies reporting today include China Power International (00006), Geely Auto (00175), and more.

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