--- title: "Hong Kong stocks intraday | Three major indices fell together, the Hang Seng Index dropped 0.89%, hardware and aluminum sectors led the decline, Alibaba rose against the trend" type: "News" locale: "en" url: "https://longbridge.com/en/news/266291017.md" description: "During the trading session, major Hong Kong stock indices weakened across the board, with the hardware and aluminum sectors under pressure, and leading company China Hongqiao falling over 5%. Alibaba rose against the trend, attracting attention due to active trading. The market showed clear sector differentiation, with funds favoring technology and consumer leaders" datetime: "2025-11-18T02:36:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/266291017.md) - [en](https://longbridge.com/en/news/266291017.md) - [zh-HK](https://longbridge.com/zh-HK/news/266291017.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/266291017.md) | [繁體中文](https://longbridge.com/zh-HK/news/266291017.md) # Hong Kong stocks intraday | Three major indices fell together, the Hang Seng Index dropped 0.89%, hardware and aluminum sectors led the decline, Alibaba rose against the trend **Market Overview** - As of November 18, the Hong Kong stock market is under pressure, with all three major indices declining: The Hang Seng Index fell by 0.89%, closing at 26,149.24 points; The Hang Seng China Enterprises Index dropped by 0.75%, closing at 9,258.43 points; The Hang Seng Tech Index decreased by 0.62%, closing at 5,721.49 points. - There were 430 stocks rising in the entire market, 1,425 stocks falling, and 1,269 stocks flat. Overall market sentiment is cautious, with more declines than gains, indicating a risk-averse attitude among investors. **Sector Performance** - The aluminum sector slightly declined, with weak global demand expectations being the main suppressing factor. Leading company China Hongqiao fell by 5.02%, with a transaction volume of HKD 14.924 billion, showing significant capital outflow, indicating insufficient short-term confidence in the cyclical sector. China Aluminum Corporation dropped by 1.07%, with a transaction volume of HKD 370 million, and Nanshan Aluminum International slightly decreased by 0.45%, with a transaction volume of HKD 7 million, putting overall pressure on the sector. - The retail sector experienced fluctuations but remained relatively stable due to the recovery of domestic demand. Alibaba rose by 1.81%, with a transaction volume of HKD 5.881 billion, attracting capital attention against the trend. JD.com slightly fell by 0.35%, hitting a 52-week low. Miniso dropped by 2.30%, with moderate trading activity, indicating that capital is mainly focused on leading companies. - The hardware, storage, and peripherals sector weakened overall, with significant differentiation within the sector. Xiaomi Group fell by 3.10%, with a transaction volume of HKD 3.572 billion, Lenovo Group dropped by 4.36%, with a transaction volume of HKD 1.151 billion, and Lenovo Holdings decreased by 1.43%. The sector was affected by the differentiation in the tech market, with capital short-term deviating from hardware. **Macroeconomic Background** - Recent economic data for the Hong Kong stock market has shown limited fluctuations, with the unemployment rate rising to 3.9%, and the manufacturing PMI slightly above the neutral line, while the Hong Kong dollar reserves remain stable overall. Retail, exports, and imports continue to show year-on-year growth, with inflation at a low level, leading to relatively stable overall market expectations. - Despite the stability of the macro fundamentals, the short-term market recovery momentum appears insufficient, with capital leaning more towards leading companies with strong risk resistance or excellent performance. **Popular Stocks** - Chengdu High-Speed rose by 0.49%, with a transaction volume of HKD 71 million, showing moderate performance with limited capital inflow. - Leading company China Hongqiao fell by 5.02%, with a transaction volume of HKD 14.924 billion, facing significant outflow pressure in both the sector and individual stocks. - Longpan Technology dropped by 6.52%, with a transaction volume of HKD 9.8 million, showing significant short-term adjustments, and investor sentiment is increasingly cautious. - Shandong Molong fell by 2.38%, with a transaction volume of HKD 5 million, leading in adjustment magnitude, with short-term buying interest on hold. - Base Champion Group rose by 5.45%, with a transaction volume of HKD 6 million, showing significant fluctuations but limited transaction amounts, mainly driven by short-term capital. **Top 10 Market Transaction Volumes** 1. China Hongqiao, down 5.02%, trading volume HKD 14.919 billion 2. Alibaba, up 1.74%, trading volume HKD 5.856 billion 3. Xiaomi Group, down 3.05%, trading volume HKD 3.569 billion 4. Tencent Holdings, up 0.16%, trading volume HKD 3.173 billion 5. SMIC, up 3.15%, trading volume HKD 2.583 billion 6. Hua Hong Semiconductor, up 6.77%, trading volume HKD 2.149 billion 7. XPeng, down 7.76%, trading volume HKD 2.043 billion 8. Lenovo Group, down 4.46%, trading volume HKD 1.151 billion 9. Ganfeng Lithium, down 3.51%, trading volume HKD 1.068 billion 10. 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