【Hong Kong Stocks Night Futures + ADR + Northbound Capital】Night futures close up 402 points, HSBC ADR up 4% Hong Kong (updating continuously)

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Hang Seng Index / HSIndex / Hang Seng / 恒指 / HSI / Hong Kong Stocks / Night Futures / ADRs Market news fluctuates; US Dollar Index falls 0.2% to 98.82, but US long-term bond yields remain high at 4.1%. Night futures close up 402 points, at 25,534 points. China concept stocks rise 0.8%, closing at 7,013 points. HSBC ADR up 4% compared to Hong Kong stocks.

Northbound funds nearly 500 million yuan outflow, funds buy Southbound Hang Seng Tech ETF (03033), large sell-offs of Alibaba (09988). Total net outflow of 3.46 billion yuan.

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Hang Seng Index drops 518 points, back above 25,000 and the 250-day moving average. Alibaba (09988), HSBC (00005), PetroChina (09988) fall 3%. Xiaomi (01810) rebounds 1% against the trend. China Hongqiao (01378) up 6%.

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Hang Seng Index drops 518 points, closing at 25,249. The index recovers above 25,000 and the 250-day moving average (around 25,007). Turnover increases to 364.3 billion HKD. Tech index down nearly 1%, at 4,829 points. Alibaba (09988), HSBC (00005), PetroChina (09988) fall 3%. Xiaomi (01810) rebounds 1%. China Hongqiao (01378) up 6%.

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Market updates: US stocks continuously changing, details on next page

Financial Daily Highlights:

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Market trend:

【19:10】Northbound funds nearly 500 million yuan outflow on Wednesday, buying Southbound Hang Seng Tech ETF (03033), large sell-off of Alibaba (09988). Hang Seng night futures up 285 points.

【17:42】【MPF】GUM: February average MPF earnings of 3,728 yuan per person, total gains of 14,813 yuan since start of year.

【17:12】【Hang Seng Lion】Hang Seng Bank’s lion dance explodes with “shrimp roll” hitting “retail queen.”

【16:45】【Iran Crisis】Reports say Chinese financial institutions cut Middle East loans and bonds; HKMA contacts banks to understand Middle East risk exposure.

【16:44】【220 Earnings】Uni-President’s annual profit up 10.9% to 2.05 billion RMB; dividend 47.47 cents, up nearly 11%.

【16:26】Permanent departure from Hong Kong: 4,200 cases of permanent departure in Q4 2025 used to withdraw MPF, quarterly and yearly decrease of nearly 40%, involving 1.02 billion yuan.

【16:00】Hang Seng Index finally down 518 points, closing at 25,249. The index recovers above 25,000 and the 250-day moving average (around 25,007). Turnover increases to 364.3 billion HKD. Tech index down nearly 1%, at 4,829 points. Alibaba (09988), HSBC (00005), PetroChina (09988) fall 3%. Xiaomi (01810) rebounds 1%. China Hongqiao (01378) up 6%.

【16:00】Hang Seng futures down 505 points, at 25,263, with a turnover of 350.9 billion HKD.

【15:37】Hang Seng down further within 600 points, at 25,175, down 592 points, with a turnover of 327.5 billion HKD. Tech index down 1.4%, at 4,810.

【15:33】China Hongqiao (01378) up nearly 50%, highest at 38.56 HKD, best performing blue chip.

【15:05】Hong Kong stocks fall about 642 points at close, at 25,125, turnover rises to 305 billion HKD. Tech index down 1.5%, at 4,801.

【14:49】Minimax (00100) turns down 10%, lowest at 734 HKD. Zhipu (02513) drops over 4%, lowest at 502.5 HKD.

【14:45】【1810 Major Bank Report】Forte: Memory price surge may cause Xiaomi smartphone sales to drop 55%, target cut by 30%.

【13:47】【BYD 1211】BYD holds second-generation blade battery and fast-charging tech launch on Thursday; Song Ultra EV pre-sale begins.

【13:41】Hang Seng short-term rebounds nearly 200 points, down 620 points at 25,148.

【13:25】Market drops another 800 points, Alibaba (09988), WuXi Biologics (02269) fall 5%, China Life (02628) down 7%.

【13:21】【1810】Hong Kong stocks once plunged 800 points, losing 25,000. Xiaomi stock rebounds against the trend. Analysis: Xiaomi is a volatile stock, support at 30 HKD.

【13:15】【Mobile Data】China Academy of Information and Communications Technology: Mainland January mobile phone shipments down 16%, 5G phones account for 86% of total shipments.

【13:10】Hong Kong stocks fall about 700 points in early afternoon, at 25,066, with a turnover of 222.2 billion HKD. Tech index down 1.9%, at 4,782.

【13:10】【AI+9988】Qianwen’s leader Lin Junyang suddenly resigns, Alibaba (09988) stock drops over 4%.

【12:54】【Iran Crisis】Standard Chartered: Short-term oil price increase has limited impact on China’s economy and policies; Middle East accounts for about 42% of China’s crude oil imports.

【12:00】Half-day decline of Hang Seng Index 717 points, closing at 25,051, turnover 207.6 billion HKD. Tech index down nearly 2%, at 4,781. China National Petroleum (00857), Sinopec (00386) fall over 4%. CNOOC (00883) down nearly 4%. China Life (02628) down over 6%. WuXi Biologics (02269) down nearly 50%. Zhipu (02513) up nearly 4%. Minimax (00100) up 0.4%.

【11:32】Market drops 800 points, breaking below 25,000.

【11:21】【17】New World Development stock drops over 5%. Bloomberg: Blackstone and Cheng family negotiations face obstacles.

【11:04】Market drops about 700 points, low at 25,053, testing support at 25,000.

【11:00】Hang Seng drops nearly 650 points, at 25,100, with a turnover of 152.3 billion HKD. Tech index down 1.9%, at 4,783.

【10:59】Market analysis: Korean stocks fall another 8%, Japanese stocks down 4%, becoming “fund withdrawal machines.” Hang Seng’s decline is relatively smaller. Everbright: Hong Kong stocks are more “immune” to the conflict.

【10:45】Market drops about 560 points, at 25,200. Alibaba (09988), HSBC (00005) fall over 3%. CNOOC and PetroChina fall over 2%. Minimax (00100), Zhipu (00100) up half a percent.

【10:13】【Hong Kong Economy】S&P Global: Hong Kong PMI in February rises to 53.3, improving for 7 consecutive months.

【10:10】【1810】Xiaomi’s Lin Bin reportedly invests in NFL’s Miami Dolphins, valuation at 12.5 billion USD.

【09:57】Xiaomi (01810) hits a low of 31.2 HKD, then rebounds over 2%, high at 32.5 HKD.

【09:53】Trump announces insurance guarantees for ships in the Strait of Hormuz, aiming to restore oil transport and stabilize prices. PetroChina (00857), CNOOC (00883) fall half a percent; Sinopec (00386) drops over 3%.

【09:47】Misi Strategy (02440) stock surges over 18%, high at 2.08 HKD. Recently launched the world’s first Pokémon card tokenization fund, available only to professional investors.

【Alternative Investment】Misi Strategy launches the world’s first Pokémon card tokenization fund, limited to professional investors.

【09:46】【700】US considering allowing Tencent to retain its gaming investments; Tencent’s stock rises against the trend.

【09:30】Hong Kong stocks open and immediately fall 500 points.

【09:22】Hang Seng Index opens 298 points lower, at 25,469, with a turnover of 3.53 billion HKD. Tech index down 1.2%, at 4,816. Alibaba (09988), HSBC (00005) fall 2%. Zijin (02899) down over 3%. HK Tech (00669) drops nearly 50% after earnings.

【08:59】Hang Seng futures down about 267 points, at 25,493.

【08:24】【669 Blue Chip Earnings】Techtronic Industries (00669) last year profit up 6.8% to 1.2 billion USD, record high; final dividend up nearly 12% to 1.32 HKD.

【08:02】【552 Chip Stocks Earnings】ASMPT last year profit 900 million HKD, up 1.6 times; total dividend 1.13 HKD, up 2.5 times.

【07:45】【Morning Brief】Islamic Revolutionary Guard: Blockade of Strait of Hormuz｜Are Asian countries facing an oil crisis?

【07:45】Rising oil prices will severely impact the global economy. Trump seeks measures to lower oil prices. Global stock markets’ declines narrow; night futures once down 720 points, low at 24,935, close down 207 at 25,448. China concept stocks fall 3.3%, at 6,958. HSBC ADR down 2% compared to Hong Kong stocks.

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Market updates:

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