Market Updates
China's Indexes Extended Gains for Second Consecutive Week, CATL In
Li Chen
17 Apr, 2026
Hong Kong
Stock market indexes in mainland China and Hong Kong decreased as investors await the progress on U.S.-Iran talks.
The Hang Seng Index decreased 1.3%, and the CSI 300 Index inched lower by 0.1% amid lingering uncertainties over the reopening of the Strait of Hormuz.
For the week, the Hang Seng Index advanced by 1.4% and the CSI 300 Index gained 2.5%, extending their gains for the second consecutive week.
Despite optimism over the resumption of the flow of energy products through the Strait of Hormuz, the critical passageway for about one fifth of global oil supply remains effectively closed under a dual blockade.
Regional analysts are estimating that restoring normal shipments could take as long as two years.
China Indexes and Stocks
The Hang Seng Index decreased 1.3% to 26,059.34, and the CSI 300 Index fell 0.1% to 4,730.98.
Sigenergy dropped 7.9% to HK $607.50, and the Shanghai-based solar power systems maker completed its initial public offering and listed its share on the Hong Kong Stock Exchange on Thursday.
Alibaba Group edged up 0.6%, Tencent Holdings decreased 1.8%, and Baidu Inc. fell 1.8%.
Zhongji Innolight advanced 5.2% and Foxconn Industrial added 2.9%, outperforming, while Kweichow Moutai decreased 3.6% and Contemporary Amperex eased 2.2%.
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