Hong Kong Stocks Snap Five-Day Losing Streak on Tech Rally; CK Hutchison Plunges 6%

MT Newswires Live

03-14

Hong Kong stocks rebounded from a five-day losing streak to close the week on a positive note after a renewed interest in tech stocks ignited an investor buying spree.

The Hang Seng Index surged 2.12%, or 497.33 points, to end at 23,959.98. The Hang Seng China Enterprises Index added 2.75%, or 237.38 points, to 8,877.99.

Tech giants, which have enjoyed the AI-driven optimism spurred by the global success of Deepseek, led the rally on Friday.

Meituan (HKG:3690) surged over 5% on Friday, with Alibaba Group (HKG:9988) and Tencent (HKG:0700) rising 3% each and Xiaomi (HKG:1810) following close behind with a boost of 2%.

Global lenders including Citigroup and Goldman Sachs have turned more optimistic about Chinese stocks amid a downturn in US stocks due to uncertainty arising from Donald Trump's economic policies, according to an SCMP report.

In corporate news, shares of port conglomerate CK Hutchison (HKG:0001) slid over 6% after a deal to sell a stake in Panama Port operators to a consortium led by US firm BlackRock drew backlash from China.

China's Hong Kong and Macau Affairs Office (HKMAO) reposted a commentary condemning the agreement and branding it as a betrayal of China.

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The Hang Seng China Enterprises Index added 2.75%, or 237.38 points, to 8,877.99.Tech giants, which have enjoyed the AI-driven optimism spurred by the global success of Deepseek, led the rally on Friday.Meituan  surged over 5% on Friday, with Alibaba Group  and Tencent  rising 3% each and Xiaomi  following close behind with a boost of 2%.Global lenders including Citigroup and Goldman Sachs have turned more optimistic about Chinese stocks amid a downturn in US stocks due to uncertainty arising from Donald Trump's economic policies, according to an SCMP report.In corporate news, shares of port conglomerate CK Hutchison  slid over 6% after a deal to sell a stake in Panama Port operators to a consortium led by US firm BlackRock drew backlash from China.C","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80700":"腾讯控股-R","81810":"小米集团-WR","89988":"阿里巴巴-WR","513600":"恒生指数ETF","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","HXXD.SI":"Xiaomi HK SDR 2to1","LU0650527681.SGD":"Fidelity China Consumer A-SGD","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","HMTD.SI":"Meituan HK SDR 5to1","00001":"长和","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","LU0608807433.USD":"TEMPLETON EMERGING MARKETS DYNAMIC INCOME \"A\" (USD) ACC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","HBBD.SI":"Alibaba HK SDR 5to1","BK1501":"阿里概念股","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","BK1500":"做空集合股","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU1688375341.USD":"贝莱德中国灵活股票基金","LU0329678337.USD":"FIDELITY EMERGING ASIA \"A\" (USD)","02833":"恒指ETF","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","BK1506":"5G概念","BK1609":"ChatGPT概念","LU0029874905.USD":"TEMPLETON EMERGING MARKETS \"A\" INC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1224709979.USD":"FIDELITY CHINA FOCUS \"A\" (USD) ACC","HTCD.SI":"Tencent HK SDR 10to1","HSI":"恒生指数","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","BK1521":"挪威政府全球养老基金持仓","BK4581":"高盛持仓","BK1095":"互动媒体与服务","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD"},"translate_title":"港股Snap因科技股上涨而连续五天下跌；长江和记暴跌6%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80700":0.6,"81810":0.6,"89988":0.6,"513600":0.6,"00001":0.9,"02833":0.6,"HHImain":0.6,"MCHmain":0.6,"HBBD.SI":0.6,"HMTD.SI":0.6,"HSI":0.9,"HTCD.SI":0.6,"HXXD.SI":0.6},"content_text":"Hong Kong stocks rebounded from a five-day losing streak to close the week on a positive note after a renewed interest in tech stocks ignited an investor buying spree.The Hang Seng Index surged 2.12%, or 497.33 points, to end at 23,959.98. 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