In the Hong Kong stock market, the Hang Seng Index rose 447 points in the first half of the day, with AIA increasing nearly 6% and Master Kong's performance boosting the share price of China Resources Beer

AASTOCKS
2026.03.24 04:33

U.S. President Trump postponed the deadline for lifting sanctions on Iran in the Strait of Hormuz, with the Dow Jones rising 631 points or 1.4% the previous night. Hong Kong stocks rose in the early market. The Hang Seng Index opened up 377 points, then the gain narrowed to 173 points at 24,555 points, closing near the high at 24,829 points, up 447 points or 1.8%; the National Index rose 118 points or 1.4%, reporting 8,426 points; the Hang Seng Tech Index rose 67 points or 1.4%, reporting 4,779 points. The total turnover of the market for the half day was HKD 149.586 billion.

In the financial sector, HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) rose 2.5% and 1.9%, AIA (01299.HK) rose 5.8%, and Standard Chartered (02888.HK) rose 3.9%. Among Chinese financial stocks, China Merchants Bank (03968.HK), Ping An Insurance (02318.HK), China Pacific Insurance (02328.HK), and China Life Insurance (02628.HK) each rebounded over 2%. Interest rate-sensitive local property stocks rebounded, with New World Development (00017.HK) rising 3.3%, Sun Hung Kai Properties (00016.HK), Sino Land (00083.HK), and Swire Properties (01972.HK) rising 2.4% to 2.7%. Henderson Land Development (00012.HK) reported a 38% drop in annual underlying profit, with the final dividend reduced to HKD 0.76, and the stock price rose 1.5% along with the market.

Oil prices fell, with CNOOC (00883.HK) down 1.5%, while energy transportation stock COSCO Shipping Energy (01138.HK) rose 7.2%. Metal commodity prices rebounded, with gold stocks Zijin Mining (02899.HK), Zhaojin Mining (01818.HK), and Lingbao Gold (03330.HK) rising 4.8% to 5.6%, China Gold International (02099.HK) and Zijin Gold International (02259.HK) rising 4% and 3.9%, and resource stocks Luoyang Molybdenum (03993.HK), Hongqiao Group (01378.HK), and Minmetals Resources (01208.HK) rising over 4%. Gold retail stock Lao Pu Gold (06181.HK) expects a net profit of about RMB 3.6 billion to 3.8 billion in the first quarter of this year, with the stock price rising 7.7%.

Master Kong (00322.HK) earned 21% more last year, with a final dividend including a special dividend totaling RMB 0.7984, and the stock price rose 6.7%. China Resources Beer (00291.HK) reiterated its target to increase the interim dividend payout ratio to 60% to 70% at its earnings release, with the stock price rising 5.7%. Other consumer stocks included Mixue (02097.HK) rising 5.1%, Pop Mart (09992.HK), Haidilao (06862.HK), Prada (01913.HK), and Samsonite (01910.HK) rising 3% to 3.7%. Pharmaceutical stock WuXi AppTec (02359.HK) saw a 1.05 times increase in annual net profit, with the stock price rising 8.9%. WuXi Biologics (02268.HK) reported a 38% increase in annual net profit, with the stock price rising 11.4%. Its affiliate WuXi Biologics (02269.HK) rose 3.6%. Additionally, Sinopharm (01099.HK) fell 3.9%.

In the technology sector, Tencent (00700.HK) and Alibaba (09988.HK) rose 1.8% and 1.6%, Meituan (03690.HK) rose 2.5%, Kuaishou (01024.HK) and Baidu (09888.HK) rose 1.6% and 1.3%, and JD.com (09618.HK) rose 0.7% NetEase (09999.HK) and Bilibili (09626.HK) fell 0.5%, while Dongfang Zhenxuan (01797.HK) rose 3.8%. Mobile component stock AAC Technologies (02018.HK) rose 6.7%. Chip stocks SMIC (00981.HK) and Hua Hong (01347.HK) rose 0.8% and 2.3%, respectively, while Wallop (06082.HK) rose 4.3%. AI stocks Zhizhu (02513.HK) and MiniMax (00100.HK) rose 6.3% and 9%, while Inspur (03696.HK) and Yunzhisheng (09678.HK) rose 5% and 4.1%. Fiber optic stock Yangtze Optical Fibre and Cable (06869.HK) rose 7.2%, and power equipment stocks Harbin Electric (01133.HK) and Dongfang Electric (01072.HK) rose 4.2% and 5.2%.

In the automotive sector, BYD (01211.HK) rose 4.2% to HKD 106.7, Xiaomi (01810.HK) rose 1.4%, while Nio (09866.HK) and Geely (00175.HK) rose 3% and 2.8%. Autonomous driving stock Pony.ai (02026.HK) rose 4.9%, automotive service platform Tuhu (09690.HK) rebounded 6.7%, and electric bicycle manufacturer Yadea (01585.HK) rose 4.5%. Battery stock CATL (03750.HK) fell 3.6%

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