Hong Kong Stocks Closed Lower, Tencent, Alibaba and Meituan Fell 4%, Ping An Dropped Over 5%

Market Watcher

20 Mar

On March 20, 2025, the Hong Kong stock market closed lower. The Hang Seng Index fell by 2.23%, the Hang Seng Tech Index decreased by 3.39%.

In terms of sectors, the Hong Kong tech stocks were notably weak. TENCENT fell by 3.80%, ALIBABA dropped by 4%, and MEITUAN decreased by 4.43%. On the other hand, the Hong Kong automotive sector showed strength, with BYD COMPANY rising by 1.73%, GEELY AUTO increasing by 1.45%, and GWMOTOR gaining 3.30%.

TENCENT fell by 3.80% after the company reported its earnings, which led to a negative market reaction.

BYD COMPANY rose by 1.73%, continuing its upward trend and hitting a new historical high, driven by strong market sentiment.

PING AN dropped by 5.01% despite the company's positive outlook on the stability and development of the Chinese capital market, as stated by its co-CEO and deputy general manager, Guo Xiaotao, during the 2024 annual performance briefing.

GEELY AUTO increased by 1.45% after reporting a significant growth in revenue and net profit for 2024. The company's revenue reached RMB 240.2 billion, up 34% year-on-year, and net profit attributable to shareholders surged by 213% to RMB 16.6 billion.

INNOSCIENCE surged by 12.93% after winning the final victory in the ITC case, with its EPC patent being invalidated.

MINIEYE soared by 22.94% after securing contracts with Volkswagen and Audi for smart cabin projects, marking its first collaboration with top-tier traditional luxury brands.

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1185721488"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1185721488\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/1185721488?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-20 16:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1185721488","market":"hk","top_or_hot":-1,"title":"Hong Kong Stocks Closed Lower, Tencent, Alibaba and Meituan Fell 4%, Ping An Dropped Over 5%","media":"Market Watcher","content":"<html><head></head><body><p>On March 20, 2025, the Hong Kong stock market closed lower. The Hang Seng Index fell by 2.23%, the Hang Seng Tech Index decreased by 3.39%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d7ad167b1194dcb617af7c9aa372633c\" title=\"\" tg-width=\"293\" tg-height=\"527\"/></p><p>In terms of sectors, the Hong Kong tech stocks were notably weak. <a href=\"https://laohu8.com/S/00700\">TENCENT</a> fell by 3.80%, <a href=\"https://laohu8.com/S/09988\">ALIBABA</a> dropped by 4%, and <a href=\"https://laohu8.com/S/03690\">MEITUAN</a> decreased by 4.43%. On the other hand, the Hong Kong automotive sector showed strength, with <a href=\"https://laohu8.com/S/01211\">BYD COMPANY</a> rising by 1.73%, <a href=\"https://laohu8.com/S/00175\">GEELY AUTO</a> increasing by 1.45%, and <a href=\"https://laohu8.com/S/02333\">GWMOTOR</a> gaining 3.30%.<br/><br/><a href=\"https://laohu8.com/S/00700\">TENCENT</a> fell by 3.80% after the company reported its earnings, which led to a negative market reaction.<br/><br/><a href=\"https://laohu8.com/S/01211\">BYD COMPANY</a> rose by 1.73%, continuing its upward trend and hitting a new historical high, driven by strong market sentiment.<br/><br/><a href=\"https://laohu8.com/S/02318\">PING AN</a> dropped by 5.01% despite the company&#39;s positive outlook on the stability and development of the Chinese capital market, as stated by its co-CEO and deputy general manager, Guo Xiaotao, during the 2024 annual performance briefing.<br/><br/><a href=\"https://laohu8.com/S/00175\">GEELY AUTO</a> increased by 1.45% after reporting a significant growth in revenue and net profit for 2024. The company&#39;s revenue reached RMB 240.2 billion, up 34% year-on-year, and net profit attributable to shareholders surged by 213% to RMB 16.6 billion.<br/><br/><a href=\"https://laohu8.com/S/02577\">INNOSCIENCE</a> surged by 12.93% after winning the final victory in the ITC case, with its EPC patent being invalidated.<br/><br/><a href=\"https://laohu8.com/S/02431\">MINIEYE</a> soared by 22.94% after securing contracts with Volkswagen and Audi for smart cabin projects, marking its first collaboration with top-tier traditional luxury brands.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Stocks Closed Lower, Tencent, Alibaba and Meituan Fell 4%, Ping An Dropped Over 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stocks Closed Lower, Tencent, Alibaba and Meituan Fell 4%, Ping An Dropped Over 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1027265475\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/b4070558872429328fe9f26a97b36c72);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Watcher </p>\n<p class=\"h-time\">2025-03-20 16:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>On March 20, 2025, the Hong Kong stock market closed lower. The Hang Seng Index fell by 2.23%, the Hang Seng Tech Index decreased by 3.39%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d7ad167b1194dcb617af7c9aa372633c\" title=\"\" tg-width=\"293\" tg-height=\"527\"/></p><p>In terms of sectors, the Hong Kong tech stocks were notably weak. <a href=\"https://laohu8.com/S/00700\">TENCENT</a> fell by 3.80%, <a href=\"https://laohu8.com/S/09988\">ALIBABA</a> dropped by 4%, and <a href=\"https://laohu8.com/S/03690\">MEITUAN</a> decreased by 4.43%. On the other hand, the Hong Kong automotive sector showed strength, with <a href=\"https://laohu8.com/S/01211\">BYD COMPANY</a> rising by 1.73%, <a href=\"https://laohu8.com/S/00175\">GEELY AUTO</a> increasing by 1.45%, and <a href=\"https://laohu8.com/S/02333\">GWMOTOR</a> gaining 3.30%.<br/><br/><a href=\"https://laohu8.com/S/00700\">TENCENT</a> fell by 3.80% after the company reported its earnings, which led to a negative market reaction.<br/><br/><a href=\"https://laohu8.com/S/01211\">BYD COMPANY</a> rose by 1.73%, continuing its upward trend and hitting a new historical high, driven by strong market sentiment.<br/><br/><a href=\"https://laohu8.com/S/02318\">PING AN</a> dropped by 5.01% despite the company&#39;s positive outlook on the stability and development of the Chinese capital market, as stated by its co-CEO and deputy general manager, Guo Xiaotao, during the 2024 annual performance briefing.<br/><br/><a href=\"https://laohu8.com/S/00175\">GEELY AUTO</a> increased by 1.45% after reporting a significant growth in revenue and net profit for 2024. The company&#39;s revenue reached RMB 240.2 billion, up 34% year-on-year, and net profit attributable to shareholders surged by 213% to RMB 16.6 billion.<br/><br/><a href=\"https://laohu8.com/S/02577\">INNOSCIENCE</a> surged by 12.93% after winning the final victory in the ITC case, with its EPC patent being invalidated.<br/><br/><a href=\"https://laohu8.com/S/02431\">MINIEYE</a> soared by 22.94% after securing contracts with Volkswagen and Audi for smart cabin projects, marking its first collaboration with top-tier traditional luxury brands.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSTECH","symbol_name":"恒生科技指数","start_time":0,"source_url":"","article_id":"1185721488","we_media_id":"1027265475","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185721488","pubTimestamp":1742458215,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Watcher","introduction":"stay tuned on realtime market movements","home_visible":1,"id":"1027265475","head_image":"https://static.tigerbbs.com/b4070558872429328fe9f26a97b36c72"},"summary":"On March 20, 2025, the Hong Kong stock market closed lower. The Hang Seng Index fell by 2.23%, the Hang Seng China Enterprises Index dropped by 2.33%, the Hang Seng Tech Index decreased by 3.39%, and ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSTECH":"恒生科技指数","HSI":"恒生指数","HSCEI":"国企指数"},"translate_title":"港股收跌腾讯控股阿里巴巴-SW美团-W跌4%中国平安跌超5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSCEI":1,"HSI":1,"HSTECH":1},"content_text":"On March 20, 2025, the Hong Kong stock market closed lower. The Hang Seng Index fell by 2.23%, the Hang Seng Tech Index decreased by 3.39%.In terms of sectors, the Hong Kong tech stocks were notably weak. TENCENT fell by 3.80%, ALIBABA dropped by 4%, and MEITUAN decreased by 4.43%. On the other hand, the Hong Kong automotive sector showed strength, with BYD COMPANY rising by 1.73%, GEELY AUTO increasing by 1.45%, and GWMOTOR gaining 3.30%.TENCENT fell by 3.80% after the company reported its earnings, which led to a negative market reaction.BYD COMPANY rose by 1.73%, continuing its upward trend and hitting a new historical high, driven by strong market sentiment.PING AN dropped by 5.01% despite the company's positive outlook on the stability and development of the Chinese capital market, as stated by its co-CEO and deputy general manager, Guo Xiaotao, during the 2024 annual performance briefing.GEELY AUTO increased by 1.45% after reporting a significant growth in revenue and net profit for 2024. The company's revenue reached RMB 240.2 billion, up 34% year-on-year, and net profit attributable to shareholders surged by 213% to RMB 16.6 billion.INNOSCIENCE surged by 12.93% after winning the final victory in the ITC case, with its EPC patent being invalidated.MINIEYE soared by 22.94% after securing contracts with Volkswagen and Audi for smart cabin projects, marking its first collaboration with top-tier traditional luxury brands.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}