Hong Kong Stock Market Trend | Hang Seng Index rises nearly 800 points in early afternoon, tech stocks lead the charge

SighingCashier · 2026-04-08T08:15:52+00:00

The United States and Iran have reached a conditional ceasefire, and the Strait of Hormuz has reopened, boosting Asian stock markets. The Hong Kong Hang Seng Index opened higher and continued to rise, with the midday gain expanding to nearly 800 points. Technology stocks performed strongly, with Meituan, Alibaba, and others rising, while pharmaceutical stocks generally declined. Zhipu announced a new model, causing stock prices to surge.

SighingCashier

2026-04-08 08:15:52

Abstract generation in progress

The U.S. and Iran have agreed to a conditional ceasefire for two weeks. Tehran will open the Strait of Hormuz, and stocks across the Asia-Pacific region and China A-shares are moving higher. Hong Kong stocks opened strong and kept climbing. This morning right at the start of trading, the benchmark index regained the so-called Bull-Bear Line at the 250-day moving average (currently at 25151). Investors piled into tech stocks, and the Hang Seng Index’s gains expanded to nearly 800 points in the early part of the midday session.

After opening with a gap up of 656 points, the Hang Seng Index’s rally quickly widened by more than 700 points, up 705 points at mid-session. A friend added more momentum in the early afternoon, pushing toward the 26,000 level. The broader market broke above the early session high, once up as much as 799 points, reaching a high of 25,916. As of 2:17 p.m., the Hang Seng Index was up 742 points, or 2.96%, at 25,858; the China Enterprises Index was up 205 points, or 2.43%, at 8,662; and the Tech Index surged as much as half a percentage point earlier, and was latest up 221 points, or 4.73%, at 4,900.

Tech and internet stocks continued to lead the market higher. Meituan (03690) saw its gain expand to 12%, to HK$89.85, temporarily the best-performing blue-chip. The company’s Meituan Travel said that “Qingming + spring break” boosted consumption in food, drink, and entertainment. Alibaba (09988) rose 7.1% to HK$126.9; Xiaomi (01810) rose 5.8% to HK$32.66; Kuaishou (01024) rose 4.1% to HK$46.76; Tencent (00700) rose 3.6% to HK$507; and JD.com (09618) rose 2.4% to HK$110.6.

Pharmaceutical and biotech stocks weakened. China Biopharmaceutical (01177) fell 3.3% to HK$6.12; CSPC Pharmaceutical (01093) fell 2.9% to HK$9.43; Hansoh Pharmaceutical (03692) fell 2.1% to HK$38.5; and Xinda Biopharmaceutical (01801) fell 1.5% to HK$90.1.

General-purpose AI model developer Zhipu AI (02513) released its next-generation open-source model GLM-5.1, and increased its price against the trend. The share price jumped 15.9% to HK$902.5.

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