【Hong Kong Stock Market】Hang Seng Index opened 54 points higher then fell back; Tencent dropped 0.6% ahead of earnings, Tencent Music plunged over 20% after results, MINIMAX rose over 10% (continuous updates)

【Hang Seng Index / Hang Seng / HS / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened about 50 points higher. The Hang Seng Index opened up 54 points, at 25,923 points, with a turnover of HKD 5.73 billion. The Tech Index rose 0.1%, to 5,112 points. Tencent (00700) fell 0.6 before earnings, then dropped 15% after results. MINIMAX (00100) rose over 4%, Pop Mart (09992) increased over 2%. CIFI Group (01888) was reduced through placement, with the stock dropping 7%, turnover HKD 2.78 billion.

U.S. stocks are continuously updating, see details on the next page.

Financial Daily:

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Market Movements:

【10:27】【Xi-Trump Meeting】Trump: Visit to China will be postponed about 5 to 6 weeks; “Both sides are rescheduling the meeting time.”

【10:22】Hong Kong stocks rebounded, up about 25 points, at 25,893 points, with a turnover of HKD 67 billion. The Tech Index fell 0.4%, to 5,087 points.

【10:21】China Literature (00772) stock fell over 3% after earnings, low at HKD 28.66.

【Tencent-related earnings】China Literature’s adjusted profit last year was RMB 860 million, down 24.8% year-on-year.

【09:55】Hong Kong stocks turned lower early, with the Hang Seng Index down about 33 points, at 25,834 points.

【09:41】Yau Ma Tei Securities (01428) stock rose another 4%, reaching HKD 14.78.

【09:40】Mong Kok Koi Chung (01716) resumed trading after a sell-off yesterday, stock up 25% this morning, high at HKD 3.75.

【Mong Kok Koi Chung 1716】On the first day of resumption, Ken Lo Yu-Kin cashed out HKD 24.5 million.

【09:40】NetEase Cloud Music (09899) fell 9%, low at HKD 133.6.

【09:31】Tencent Music (01698) opened down over 20%, hitting a low of HKD 43.6.

【09:22】 Hang Seng Index opened 54 points higher, at 25,923 points, with a turnover of HKD 5.73 billion. The Tech Index rose 0.1%, to 5,112 points. Tencent (00700) fell 0.6 before earnings, then dropped 15% after results. MINIMAX (00100) rose over 4%, Pop Mart (09992) increased over 2%. CIFI Group (01888) was reduced through placement, with the stock dropping 7%, turnover HKD 2.78 billion.

【09:11】Hang Seng Futures up about 90 points, at 25,977.

【08:40】【AI + NVIDIA】NVIDIA reportedly preparing to launch Groq AI chips in China; Huang Renxun: Restarting H200 production.

【08:19】【CIFI Group】CIFI Group discounted 8.7% to place shares of CIFI Layered Board, raising HKD 2.7 billion.

【08:10】【2378 Earnings】Prudential’s full-year new business profit increased 12% year-on-year; expects double-digit growth again this year.

【07:57】【2057 Earnings】ZTO Express’s full-year profit was RMB 9.08 billion, up 3% year-on-year.

【07:45】【Morning Briefing】Iran’s second-in-command Larijani was assassinated; China Securities Regulatory Commission: dismantling of red-chip companies’ structures is normal regulatory requirement; Hong Kong Baby Kingdom parent company withdrew US IPO application.

【07:45】Iran’s ongoing conflict, and the Federal Reserve’s mid-week policy meeting, night futures closed up 2 points, at 25,891. The China concept stocks index fell 0.7%, to 7,163. HSBC ADR increased 1.6%. US-listed Tencent Music fell 22.1% compared to Hong Kong stocks. US stocks performed as follows:

More Hong Kong ADRs and Chinese concept stocks quotes:

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【07:30】U.S. stocks rebounded weakly; Dow rose 481 points at high, to 47,428; closed up only 46 points, at 46,993; S&P 500 up 0.2%, at 6,716; Nasdaq up 0.5%, at 22,479.

See U.S. stock market close:

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Hong Kong stocks yesterday, for details see: 【Hong Kong Stocks Night Futures + ADR + Northbound Funds】 Tencent Music US stocks plunge, HK stocks down 22%; night futures close up 2 points.