HSI1 25,249.48 -518.60 364.30B
HSCEI1 8,483.95 -124.76 121.32B
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HSI Closes Down 518 Pts as Financials Feeble; AIA Wanes 4.7%
2026-03-04 16:36:49
The HSI closed down 518 points or 2% at 25,249. The HSCEI shed 124 points or 1.45% to close at 8,483. The HSTECH slid 47 points or less than 1% to 4,829 at close. Total market turnover for the day amounted to $364.304 billion.

Financials declined. HSBC HOLDINGS (00005.HK) cascaded 3.7% to $130.8, while AIA (01299.HK) slumped 4.7% to $81, being the largest loser among blue chips. HKEX (00388.HK) and BOC HONG KONG (02388.HK) slipped 1.1% and 2.3%, while Chinese insurers CHINA LIFE (02628.HK) and ZA ONLINE (06060.HK) shrank 3.9% and 4.1%.

CHINA TAIPING (00966.HK) stumbled 3%. Chinese bank CCB (00939.HK) sagged 2%, while brokers GF SEC (01776.HK), GTHT (02611.HK), CITIC SEC (06030.HK) and CGS (06881.HK) each cratered over 3%.

Commodities stocks broadly fell, with SD GOLD (01787.HK), ZHAOJIN MINING (01818.HK), CHINAGOLDINTL (02099.HK), ZIJIN GOLD INTL (02259.HK) and ZIJIN MINING (02899.HK) losing 2.8-3.3%. CHI SILVER GP (00815.HK) and LINGBAOGOLD-100 (03330.HK) descended 5% and 4.7%.

MMG (01208.HK) reported an over 2.1x surge in annual net profit, with revenue and operating cash flow hitting record highs, yet its share price eroded 4.3%. Morgan Stanley issued a research report noting that the closure of the Strait of Hormuz tightened aluminum supply, boosting CHINAHONGQIAO (01378.HK) and CHALCO (02600.HK) by 6% and 5.4%. CHINAHONGQIAO became the largest gainer among blue chips.
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