--- title: "Hong Kong stocks closed | The three major indices fell collectively, the technology sector showed divergence, Alibaba rose 1.16% against the trend, while Xiaomi fell 4.81%, underperforming the market" type: "News" locale: "en" url: "https://longbridge.com/en/news/266500781.md" description: "The three major indices of the Hong Kong stock market all closed lower today, showing structural differentiation in the market. The technology sector exhibited mixed performance, with Alibaba rising against the trend, while Xiaomi saw significant declines. The energy sector was boosted by a rebound in oil prices, becoming a highlight. The financial and insurance sector remained stable overall. On the macro data front, employment pressure is rising, and market trading sentiment is becoming cautious. Several individual stocks experienced unusual movements, with accelerated sector rotation and trading volume concentrated in leading technology and new energy stocks" datetime: "2025-11-19T08:13:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/266500781.md) - [en](https://longbridge.com/en/news/266500781.md) - [zh-HK](https://longbridge.com/zh-HK/news/266500781.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/266500781.md) | [繁體中文](https://longbridge.com/zh-HK/news/266500781.md) # Hong Kong stocks closed | The three major indices fell collectively, the technology sector showed divergence, Alibaba rose 1.16% against the trend, while Xiaomi fell 4.81%, underperforming the market **Market Overview** ▪ On November 19, all three major indices of the Hong Kong stock market fell, with the Hang Seng Index closing down 0.38% at 25,830.65 points; the Hang Seng China Enterprises Index fell 0.26% to 9,151.04 points; and the Hang Seng Tech Index dropped 0.69% to 5,606.90 points. ▪ By the close, 939 stocks in the Hong Kong market rose, 1,205 fell, and 980 remained unchanged, indicating a generally weak market and reflecting cautious investor sentiment. **Sector Performance** ▪ The technology sector showed significant divergence, with leading company Alibaba rising 1.16%, showing active capital performance with a trading volume of HKD 11.135 billion, becoming one of the few upward drivers in the market that day. Xiaomi Group fell by 4.81%, with a trading volume of HKD 18.778 billion, indicating internal divergence within the sector, as investors showed increased willingness to take short-term profits from some tech leaders. Tencent Holdings slightly dipped 0.16%, also reflecting a situation of fluctuating capital and repeated speculation. ▪ The energy sector rose across the board, mainly driven by a rebound in oil prices, with increased capital inflow momentum, becoming a favored direction for market risk aversion. ▪ The financial and insurance sector performed steadily, fluctuating with macro policy guidance, with overall capital inflow being neutral and investors showing a strong wait-and-see sentiment. ▪ The gaming sector saw slight adjustments, but the release of tourism demand provided some support, with short-term capital flowing more into defensive and certain industries. **Macroeconomic Background** ▪ Hong Kong's latest unemployment rate rose to 3.9%, indicating ongoing local employment pressure and insufficient economic recovery momentum. ▪ The latest comprehensive CPI remained basically flat, with moderate inflation pressure. Overall, market short-term risk appetite has decreased, and investors are paying more attention to changes brought by fundamental data such as employment and consumption. **Popular Stocks** ▪ Shandong Molong rose 0.49%, with a trading volume of HKD 157 million, with calm news flow mainly driven by neutral capital movement. ▪ Guofu Hydrogen showed active performance, rising 4.53% with a trading volume of HKD 372 million, receiving continuous capital attention and becoming one of the most prominent stocks within the new energy theme. ▪ Longpan Technology fell 2.98%, with a trading volume of HKD 179 million, facing significant short-term profit-taking pressure in the market. ▪ Jingrui Holdings rose 25.00%, with a trading volume of HKD 3 million, experiencing severe intraday volatility, with capital concentrated on short-term trading and relatively high activity. ▪ Yimai Sunshine slightly dipped 0.70%, with a trading volume of HKD 498 million, with no significant news catalyst, showing moderate volatility and cautious capital attitude. **Top 10 Market Trading Volumes** ▪ Xiaomi Group -W, down 4.81%, closing at HKD 38.82, with a trading volume of HKD 18.778 billion ▪ Alibaba -W, up 1.16%, closing at HKD 156.40, with a trading volume of HKD 11.135 billion ▪ Tencent Holdings, down 0.16%, closing at HKD 622.50, with a trading volume of HKD 8.713 billion ▪ SMIC, down 1.35%, closed at HKD 73.00, with a turnover of HKD 3.6 billion ▪ Pop Mart, down 2.27%, closed at HKD 206.60, with a turnover of HKD 2.589 billion ▪ Meituan-W, down 0.61%, closed at HKD 98.00, with a turnover of HKD 2.469 billion ▪ BYD Company, down 0.88%, closed at HKD 96.05, with a turnover of HKD 2.375 billion ▪ Hua Hong Semiconductor, up 0.25%, closed at HKD 80.45, with a turnover of HKD 2.26 billion ▪ XPeng-W, down 0.29%, closed at HKD 85.70, with a turnover of HKD 2.255 billion ▪ Baidu-SW, down 0.18%, closed at HKD 111.20, with a turnover of HKD 2.132 billion ### Related Stocks - [XIAOMI-W (01810.HK)](https://longbridge.com/en/quote/01810.HK.md) - [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md) - [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md) - [SMIC (00981.HK)](https://longbridge.com/en/quote/00981.HK.md) - [POP MART (09992.HK)](https://longbridge.com/en/quote/09992.HK.md) - [Alibaba Group Holding Limited (BABA.US)](https://longbridge.com/en/quote/BABA.US.md) ## Related News & Research - [Tesla China Demand Faces More Pressure: New Rival Premium EV Hits 15,000 Orders In 34 Minutes](https://longbridge.com/en/news/280672221.md) - [Evanson Asset Management LLC Purchases Shares of 5,080 Alibaba Group Holding Limited $BABA](https://longbridge.com/en/news/280440745.md) - [Pop Mart shares sink despite revenue surge, as analysts say Labubu reliance worries investors](https://longbridge.com/en/news/280487493.md) - [Jefferies Reaffirms Their Buy Rating on Pop Mart International Group Limited (735)](https://longbridge.com/en/news/280938752.md) - [Boost for Pop Mart’s shares from buyback likely limited](https://longbridge.com/en/news/280724952.md)