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The Hang Seng Index closed down 223.26 points, or 0.88%, at 25,277.32 on Friday, March 20. The Hang Seng Tech Index closed down 123.9 points, or 2.48%, at 4,872.38 on Friday, March 20. The H-share Index closed down 121.81 points, or 1.4%, at 8,574.07

2026-03-20

The Hang Seng Index closed down 223.26 points, or 0.88%, at 25,277.32 on Friday, March 20. The Hang Seng Tech Index closed down 123.9 points, or 2.48%, at 4,872.38 on Friday, March 20. The H-share Index closed down 121.81 points, or 1.4%, at 8,574.07 on Friday, March 20. The Red Chip Index closed up 6.01 points, or 0.14%, at 4,246.33 on Friday, March 20.

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2026-03-20

1. Alibaba's earnings call: Cloud and AI commercial revenue will exceed $100 billion in the next five years. 2. Jensen Huang: AI risks need to be highlighted, but public panic should not be triggered. 3. Alibaba: A future IPO for Pingtouge is not r

1. Alibaba's earnings call: Cloud and AI commercial revenue will exceed $100 billion in the next five years. 2. Jensen Huang: AI risks need to be highlighted, but public panic should not be triggered. 3. Alibaba: A future IPO for Pingtouge is not ruled out, but there is no clear timetable yet. 4. The first domestically produced "Lobster Cloud PC" was released, jointly launched by Muxi Technology, Zhipu Huazhang, Yongzhou Mobile, and others. 5. The State-owned Assets Supervision and Administration Commission of the State Council: The "15th Five-Year Plan" for the development of the artificial intelligence industry of central enterprises will be formulated. 6. The White House plans to submit an AI regulatory framework to Congress on Friday. 7. OpenAI will acquire startup Astral, increasing its presence in the programming field. 8. Ant Financial released "Lobster Guardian". 9. Huawei Cloud CEO Zhou Yuefeng: A series of industry-specific and product-oriented "Lobster" products will be released in the second half of the year. 10. Zhiji Auto released the AI super intelligent agent "IM Ultra Agent". 11. South Korean media: Samsung Electronics will supply HBM4 chips to OpenAI.
2026-03-20

Citigroup raised its target price for SanDisk (SNDK.O) from $750 to $875.

Citigroup raised its target price for SanDisk (SNDK.O) from $750 to $875.
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