--- title: "Hong Kong stocks intraday | The three major indices fluctuated narrowly, POP MART fell over 8%, popular pharmaceutical stock Innovent Biologics plummeted, and multiple individual stocks rose over 10%" type: "News" locale: "en" url: "https://longbridge.com/en/news/268886515.md" description: "So far, the three major indices of the Hong Kong stock market have shown an overall volatile pattern, with the Hang Seng Index declining, while the technology sector has performed relatively steadily. There is a clear differentiation between retail and hardware, and the biotechnology sector is under significant pressure from capital outflows. The market is characterized by a strong wait-and-see atmosphere, with some individual stocks experiencing significant fluctuations driven by major events" datetime: "2025-12-08T02:33:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/268886515.md) - [en](https://longbridge.com/en/news/268886515.md) - [zh-HK](https://longbridge.com/zh-HK/news/268886515.md) --- # Hong Kong stocks intraday | The three major indices fluctuated narrowly, POP MART fell over 8%, popular pharmaceutical stock Innovent Biologics plummeted, and multiple individual stocks rose over 10% **Market Overview** ▪ As of December 8, 2025, during the Hong Kong stock market session, the three major indices showed a narrow range of fluctuations. ▪ The Hang Seng Index fell 0.74% during the session, last reported at 25,892.15 points; the Hang Seng Tech Index rose slightly by 0.23%, last reported at 5,675.22 points; the China Enterprises Index dropped 0.79% during the session, last reported at 9,125.94 points. ▪ The current market atmosphere is heavily cautious, with mainstream indices temporarily lacking clear breakout signals, and short-term investment sentiment remains prudent. **Sector Performance** ▪ The retail sector experienced fluctuations during the session, with mixed performance in capital within the sector. Alibaba-W fell 0.97%, with a transaction volume of HKD 5.677 billion. The market focuses on its AI cloud and digitalization direction, supported by broker upgrades and expectations for cloud business growth, with active participation from short-term funds. Additionally, JD-SW rose slightly by 0.09% during the session, with a transaction volume of HKD 205 million, with news focusing on smart logistics cooperation and institutional fund increases leading to a brief rise. MNSO rose 2.91%, with a transaction volume of HKD 59.2297 million, benefiting from IP business expansion and active buybacks, improving market confidence. ▪ The hardware, storage, and peripherals sector fluctuated during the session, with funds focusing on Xiaomi Group-W, which rose 0.14% during the session, with a transaction volume of HKD 5.361 billion. Xiaomi was upgraded to "BBB+" by Fitch Ratings, with active large orders reflecting a preference for leading tech stocks. Lenovo Group fell 0.90%, with a transaction volume of HKD 137 million. Despite favorable dynamics in the AI sector, PC manufacturers like Lenovo face memory shortages and cost pressures, putting overall pressure on the sector. Legend Holdings fell 1.05%, with a transaction volume of HKD 6.3932 million, as the market focuses on its industrial synergy and cost control. ▪ The biotechnology sector performed weakly during the session, with continued capital outflow from the sector. Innovent Biologics plummeted 7.23%, with a transaction volume of HKD 3.161 billion, becoming the first constituent stock of the Hang Seng Index to be sold off on its debut, with significant outflows from major players during the session. Remegen fell 9.00%, with a transaction volume of HKD 720 million, as executive sell-offs raised market concerns about governance structure. Akeso fell 0.16%, with a transaction volume of HKD 429 million, stimulated by favorable new healthcare policies, with subsequent attention on its policy implementation returns, but overall capital sentiment remains cautious. **Macroeconomic Background** ▪ As of December, Hong Kong's retail sales volume year-on-year rose to 5.3%, significantly improving from the previous value of 4.8%, indicating a continued recovery in consumer momentum. ▪ With warming import and export and consumption indicators, the manufacturing PMI remains stable, and overall market risk appetite has somewhat recovered. As the year-end approaches, cross-border capital flows and the recovery trend of domestic and external demand have become the focus of market attention. **Popular Stocks** ▪ ARTGO HOLDINGS (3313.HK) rose 43.94% during the session, with a transaction volume of HKD 2.7163 million. The company placed a maximum of 237 million new shares at HKD 0.106 per share, raising HKD 25.12 million for debt repayment and daily operations. The large discount placement stimulated short-term market attention, with significant capital inflow ▪ CHI KINGSTONE (1380.HK) rose 31.34% during the session, with a transaction amount of HKD 34.9117 million. The company saw over HKD 13.9753 million in large share deposits with brokers, triggering market interest due to equity changes. ▪ Tianyu Semiconductor (2658.HK) rose 12.64% during the session, with a transaction amount of HKD 78.4998 million. Despite no significant new news, increased capital expectations for the sector led to temporary activity. ▪ KINGLAND GROUP (1751.HK) rose 16.08% during the session, with a transaction amount of HKD 4.7434 million. There are no obvious news drivers, but capital speculation is active. ▪ LeMo Technology (2539.HK) rose 15.43% during the session, with a transaction amount of HKD 12.2293 million, as short-term capital flowed in, showing significant rotation within the sector. **Market Transaction Amount TOP10** ▪ Alibaba -W (9988.HK) latest transaction price HKD 153.5, down 0.97%, transaction amount HKD 5.673 billion ▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 42.82, up 0.09%, transaction amount HKD 5.349 billion ▪ Innovent Biologics (1801.HK) latest transaction price HKD 85.4, down 7.17%, transaction amount HKD 3.159 billion ▪ POP MART (9992.HK) latest transaction price HKD 200.8, down 8.31%, transaction amount HKD 2.768 billion ▪ SMIC (981.HK) latest transaction price HKD 71.8, up 2.94%, transaction amount HKD 2.626 billion ▪ TENCENT (700.HK) latest transaction price HKD 606.5, down 0.57%, transaction amount HKD 2.562 billion ▪ Ping An Insurance (2318.HK) latest transaction price HKD 61.25, up 1.32%, transaction amount HKD 1.728 billion ▪ China Construction Bank (939.HK) latest transaction price HKD 7.79, down 2.38%, transaction amount HKD 1.623 billion ▪ Meituan -W (3690.HK) latest transaction price HKD 99.7, up 0.66%, transaction amount HKD 1.593 billion ▪ Baidu -SW (9888.HK) latest transaction price HKD 126.9, up 4.36%, transaction amount HKD 1.341 billion ### Related Stocks - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [09896.HK](https://longbridge.com/en/quote/09896.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [00992.HK](https://longbridge.com/en/quote/00992.HK.md) - [03396.HK](https://longbridge.com/en/quote/03396.HK.md) - [09995.HK](https://longbridge.com/en/quote/09995.HK.md) - [09926.HK](https://longbridge.com/en/quote/09926.HK.md) - [02506.HK](https://longbridge.com/en/quote/02506.HK.md) - [01380.HK](https://longbridge.com/en/quote/01380.HK.md) - [03313.HK](https://longbridge.com/en/quote/03313.HK.md) - [01751.HK](https://longbridge.com/en/quote/01751.HK.md) - [00145.HK](https://longbridge.com/en/quote/00145.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [09992.HK](https://longbridge.com/en/quote/09992.HK.md) - [01801.HK](https://longbridge.com/en/quote/01801.HK.md) ## Related News & Research - [Alibaba Files Form 13F as Investment Manager, Highlights WVR Structure](https://longbridge.com/en/news/286686984.md) - [JD.com, Inc. Class A (9618) Gets a Buy from China Merchants Securities](https://longbridge.com/en/news/286363442.md) - [RemeGen Deploys Idle Cash Into RMB453 Million HTSC Wealth Products](https://longbridge.com/en/news/286484178.md) - [Xiaomi EV reportedly taps new battery suppliers for second brand to target EREV market](https://longbridge.com/en/news/286843996.md) - [DBS Reaffirms Their Buy Rating on JD (JD)](https://longbridge.com/en/news/286526290.md)