<Review> Hong Kong Stocks Fall Below 25,000; Kuaishou, China Life, and Pop Mart Under Pressure

US STOCKS

FUNDS

FX & CRYPTO

SH/SZ-HK

HK STOCKS

News Sharing

For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields

Receiver*

Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com

Your email address*

Content Sharing

<Review> Hong Kong Stocks Fall Below 25,000; Kuaishou, China Life, and Pop Mart Under Pressure

Shares of certain companies, including CHINA LIFE (02628.HK) and KUAISHOU-W (01024.HK), declined after announcing their results, leading to a drop in Hong Kong stocks today (26th)....

Reset

Send

The window will close in 5 seconds

China Market News / All

Back

<Review> Hong Kong Stocks Fall Below 25,000; Kuaishou, China Life, and Pop Mart Under Pressure

aacat by AASTOCKS
Open a new trading account to get TENCENT shares!

Recommend

Positive

Negative

SHORT SELL

STOCK INFO

Shares of certain companies, including CHINA LIFE (02628.HK)  -2.320 (-8.480%)   Short selling $814.09M; Ratio 21.603%   and KUAISHOU-W (01024.HK)  -7.450 (-14.043%)   Short selling $2.48B; Ratio 27.190%   , declined after announcing their results, leading to a drop in Hong Kong stocks today (26th). The market anticipates a ceasefire agreement between the US and Iran, with the DJIA and Nasdaq rising 0.7% and 0.8% respectively overnight (25th). At the time of writing, the US 2-year bond yield rose to 3.939%, the US 10-year bond yield increased to 4.372%, and the US Dollar Index rose to 99.67. DJIA futures recently fell by 234 points or 0.5%, and Nasdaq futures fell by 171 points or 0.7%. The Shanghai Composite Index fell 42 points or 1.1% to close at 3,889 points, while the Shenzhen Component Index fell 1.4%. The total turnover of the Shanghai and Shenzhen markets was RMB1.94 trillion. US President Donald Trump stated he would visit China in mid-May, and Chinese Foreign Ministry spokesperson Lin Jian responded that head-of-state diplomacy plays an irreplaceable strategic guiding role in China-US relations, with both sides maintaining communication regarding President Trump's visit to China.

The HSI opened 68 points lower and its decline widened, dropping 542 points to a low of 24,793 points, closing down 479 points or 1.9% at 24,856 points. The HSCEI fell 192 points or 2.2% to 8,389 points, and the HSTECH fell 161 points or 3.3% to 4,761 points. The total market turnover for the day was HKD261.662 billion. The total turnover of Northbound trading was HKD117.155 billion, while Southbound funds had a net inflow of HKD3.34 billion today (previous trading day's net inflow was HKD22.323 billion).

POP MART (09992.HK)  -17.600 (-10.458%)   Short selling $4.06B; Ratio 26.419%   fell another 10.5% today to close at HKD77.5, with a turnover of HKD15.385 billion. CHINA LIFE fell 8.5% for the day to close at HKD25.04, with Lyon estimating CHINA LIFE's loss in the fourth quarter last year to be RMB13 billion.

[POP MART Weak, Kuaishou Falls After Results]

TENCENT (00700.HK)  -9.900 (-1.958%)   Short selling $971.71M; Ratio 8.594%   fell below the HKD500 mark, closing down 2% at HKD495.6. MEITUAN-W (03690.HK)  -3.300 (-3.667%)   Short selling $3.35B; Ratio 31.744%   retreated 3.7%. ALIBABA-W (09988.HK)  -5.900 (-4.577%)   Short selling $2.22B; Ratio 20.418%   fell 4.6% to close at HKD123, while BAIDU-SW (09888.HK)  -2.600 (-2.321%)   Short selling $138.46M; Ratio 17.564%   and NETEASE-S (09999.HK)  -4.500 (-2.552%)   Short selling $105.18M; Ratio 16.195%   fell 2.3% and 2.6%, respectively. JD-SW (09618.HK)  +1.200 (+1.068%)   Short selling $518.63M; Ratio 26.361%   rose 1.1%. Kuaishou faced market concerns over the slowdown in core business growth and the impact of AI investments on profitability, with the stock plummeting 14% to HKD45.6, making it the biggest blue-chip loser.

M Stanley published a report stating that Kuaishou's revenue grew 12% in the fourth quarter last year, exceeding the bank's expectation by 2%, benefiting from accelerated growth in online marketing. The Gross Merchandise Volume (GMV) grew 13%, outperforming other e-commerce platforms; Kuaishou AI revenue was RMB340 million, slightly below expectations. Adjusted profit rose 16% YoY, exceeding the bank's expectation by 1%. The full-year adjusted net profit was RMB20.65 billion, higher than earlier guidance. The bank lowered its EPS forecast for 2026 to 2028 by 17% to 24%, and its TP was reduced by 25% from HKD73 to HKD55, with a rating of "Equalweight". M Stanley noted that increased AI investment is common among Chinese tech stocks, but the significant slowdown in total revenue (especially online marketing) raises concerns about investment returns. The bank cited Kuaishou management's expectation that revenue growth will slow to 4% to 4.5% by 2026, with a goal to achieve overall positive free cash flow by 2026 and improve absolute shareholder returns. The bank believes the outlook for this year is unexpectedly bearish.

[1,600 Stocks Decline, China Mobile to Announce Results Today]

The breadth of the Hong Kong stock market continued to weaken today, with a main board stock rise-to-fall ratio of 13 to 38 (previous day 34 to 17), with 1,602 stocks declining (a decline of 2.9%); 13 HSI constituent stocks rose today, while 76 fell, with a rise-to-fall ratio of 14 to 84 (previous day 71 to 27); the market recorded short selling of HKD50.685 billion today, accounting for 21.603% of the HKD234.618 billion in shortable stock turnover (previous day was 20.947%).

CHINA MOBILE (00941.HK)  0.000 (0.000%)   Short selling $339.53M; Ratio 14.068%   closed flat at HKD77.5. After the market closed, CHINA MOBILE announced last year's results, with a net profit of RMB137.095 billion, down 0.9% YoY, close to the lower end of the net profit forecast range of RMB136.138 billion to RMB145.3 billion by five brokers, with a median of RMB144.122 billion. The basic EPS was RMB6.35. The company declared a final dividend of HKD2.52 per share (compared to HKD2.49 per share in the same period last year), with a total annual dividend of HKD5.27 per share, up 3.5% YoY, compared to the annual dividend forecast range of RMB4.68 to RMB5.01 per share by four brokers; the annual payout ratio was 75%.

Last year, the company's operating revenue was nearly RMB1.0502 trillion, up 0.9% YoY, in line with the forecast range of RMB1.0416 trillion to RMB1.0653 trillion by five brokers, with a median of RMB1.0504 trillion. The main business revenue was RMB895.5 billion, up 0.7% YoY; among which, computing power service revenue was RMB89.8 billion, up 11.1% YoY. Communication service revenue was RMB714.9 billion, down 1% YoY.

In its earnings report, CHINA MOBILE stated that looking ahead, the adjustment of the telecommunications service VAT policy brings certain impacts, and the company faces some uncertainties in its development. (wl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-03-26 16:25.)

Auto-translated by third-party software

View Original Text

This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Website: www.aastocks.com

Related Stocks

0/0

Hottest Topics (last 2 hours)

195

<A Shrs>Three Major A-Share Indices Weaken at Midday; Shanghai Index Falls 0.6%; China Life Declines Over 5% Post-Results

<Results>PING AN Annual NP RMB134.778B, Up 6.5% YoY; Final DPS RMB1.75

145

KNOWLEDGE ATLAS Co-Develops Multimodal Large Model Tech for New-Gen S-Class Sedan

176

Kuaishou CEO Confident in More than Doubling KLING AI Revenue This Yr

CPCA's Cui Dongshu: CN Feb NEV Exports Leapfrog 1.2x YoY

CN Public Fund Scale Tops RMB38T for 1st Time, Setting Record for 11 Straight Mths

<Hindsight>Brokers' Latest TPs & Views on POP MART Post-Results

CAS Initiates Next-Gen Open Source Chip and System Development

CN SAMR Holds Fair Competition Forum, Joined by CATL, BYD, MEITUAN

CPCA: CN PV-NEV Retail Sales Shed 17% YoY, Grow 66% MoM in First 3 Weeks of Mar

SITEMAP

AASTOCKS.com

Home

A-share Quote

Real-time Quick Quote

Real-time Detailed Quote

Analysis

News

Commentary

SH/SZ-HK Education

Email: support@aastocks.com

Disclaimer

You expressly agree that the use of this app/website is at your sole risk.

AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd, Nasdaq, Inc., their respective holding companies and/or any subsidiaries of such holding companies, their Sources and/or other third party data provider(s) endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co.Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) make any express or implied offers, representations or warranties (including, without limitation, any warranty or merchantability or fitness for a particular purpose or use) regarding the Information.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) will be liable to any Subscriber or any other party for any interruption, inaccuracy, error, or omission, regardless of cause, in the Information or for any damages (whether direct or indirect, consequential, punitive, or exemplary) resulting from its use by any party.

AASTOCKS.com Limited shall not be liable for any failure or delay in performance of its obligations under this Disclaimer because of circumstances beyond its reasonable control, including but without limitation, acts of God, typhoons, rainstorms, other natural disasters, government restrictions, strikes, wars, virus outbreak, network failures or telecommunications failures.

Morningstar Disclaimer: Copyright © 2020 Morningstar, Inc. All Rights Reserved. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

The information and contents contained in this app/website are based on the analyses and interpretations of publicly available information obtained from sources believed to be reliable. Such analyses and information have not been independently verified and AASTOCKS.com Limited makes no guarantees to their accuracy, completeness, timeliness or correctness.

The information, financial market data, quotes, charts, statistics, exchange rate, news, research, analysis, buy and sell ratings, Education Center and other information on this app/website should be used as references only at your own discretion. Prior to the execution of a security or any other trade based upon the Information, you are advised to consult independent professional advice to verify pricing information or to obtain more detailed market information. AASTOCKS.com Limited is not soliciting any subscriber or app/website visitor to execute any trade. Any trades executed following the said information, commentaries and/or buy/sell ratings on this app/website are taken at your own risk for your own account.

As a convenience to users, the AASTOCKS.com Limited has added a translation feature developed by Azure OpenAI to assist users in understanding information on this platform in languages other than Chinese. The translated text may lose some of its intended meaning. Some items on the site, including images containing text, videos with captioning, PDF documents, or maps may not be translated, and some features may not work in the translated versions.

The AASTOCKS.com Limited does not guarantee the accuracy of translations, and the translated text should not be considered exact. The text translated is made available on an as is and as available basis without any warranties of any kind. The AASTOCKS.com Limited will not accept any liability for damages or losses of any kind caused by the use of the translation feature.

AASTOCKS.com Limited provides the information and services on an "AS IS" basis. The information and contents on this app/website are subject to change without notice. AASTOCKS.com Limited reserves the right, in its sole discretion but without any obligation, to make improvements to, or correct any error or omissions in any portion of this app/website at any time.

The subscriber or app/website visitor agrees not to reproduce, retransmit, disseminate, distribute, broadcast, publish, circulate, sell or commercially exploit the information and contents on this app/website in any manner without the express written consent of AASTOCKS.com Limited.

Investment involves risk. You may make use of the Education Center of this website for academic reference purposes at your own discretion. AASTOCKS.com Limited cannot and does not give any assurance that the present or future buy/sell commentaries and signals on this app/website will be profitable. AASTOCKS.com Limited cannot guarantee, and the subscriber or app/website visitor should not assume, that the future performance will equal past performance.

AASTOCKS.com Limited may point to other sites that may be of interest to the subscriber or app/website visitor but for which AASTOCKS.com Limited has no responsibility and only provides this as a service to the subscriber or app/website visitor.

AASTOCKS.com Limited does not represent or endorse the accuracy or reliability of any information, advertisements or contents contained on, distributed through, or linked, downloaded or accessed from any of the services on this app/website. AASTOCKS.com Limited cannot and does not guarantee the quality or reliability of any products or information purchased or obtained by you as a result of an advertisement or any other information displayed on this app/website.

AATV is a video platform owned by AASTOCKS.com Limited.

You acknowledge that: (i) AATV is provided for information purposes only and, in particular, is not intended for trading purposes; (ii) AATV does not and none of the information contained in its program constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or to provide legal, tax, accounting, or investment advice or services whether or not regarding the profitability or suitability of any security or investment; and (iii) AATV is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation.

The financial analysis or opinion expressed in the AATV programs is for reference and discussion only, and does not represent AASTOCKS.com Limited. Investors must make their own investment decisions based on their own investment objectives and financial situation. AASTOCKS.com Limited shall not, directly or indirectly, be liable, in any way, to you or any other person for any: (i) inaccuracies or errors in or omissions from AATV including, but not limited to, quotes and financial data; (ii) delays, errors, or interruptions in the transmission or delivery of AATV; or (iii) loss or damage arising therefrom or occasioned thereby, or by any reason of nonperformance.

AASTOCKS.com Limited reserves the right to change this Disclaimer at any time by posting changes online at this app/website. You are responsible for reviewing regularly information posted therein to obtain timely notice of such changes. Your continued use of this app / website after changes are posted constitutes your acceptance of this Agreement as modified by the posted changes.

The disclaimer herein shall be governed by the law of the Hong Kong Special Administrative Region of the People's Republic of China ("Hong Kong") and you agree to submit to the exclusive jurisdiction of the Hong Kong courts.

In the event of any discrepancy between the Chinese and English versions, the English version shall prevail.

Last updated on 9 February 2026.