--- title: "Hong Kong stock market intraday | Hang Seng Index down 0.40%, Technology Index under pressure, YOFC leads the sector" type: "News" locale: "en" url: "https://longbridge.com/en/news/269167675.md" description: "In the Hong Kong stock market, the three major indices are consolidating at high levels, with the Hang Seng Index and the Technology Index showing slight pullbacks. There is a clear rotation and differentiation among sectors, with the leading communication equipment company YOFC rising against the trend, while the retail, e-commerce, and internet content sectors show mixed performance. Among the actively traded stocks, WanLian Holdings surged 65.33%, indicating a significant spread of interest. Consumer data exceeded expectations, boosting market sentiment. Funds are focusing on consumer recovery and leading companies in related industries" datetime: "2025-12-10T02:33:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/269167675.md) - [en](https://longbridge.com/en/news/269167675.md) - [zh-HK](https://longbridge.com/zh-HK/news/269167675.md) --- # Hong Kong stock market intraday | Hang Seng Index down 0.40%, Technology Index under pressure, YOFC leads the sector **Market Overview** ▪ In the Hong Kong stock market, the three major indices are slightly under pressure, currently maintaining a high-level consolidation. ▪ The Hang Seng Index is reported at 25,331.93 points, down 0.40%. The Hang Seng Tech Index is currently at 5,530.25 points, down 0.44%. The China Enterprises Index is reported at 8,896.69 points, down 0.44%. **Sector Performance** ▪ The retail sector shows mixed performance among individual stocks, with increasing performance divergence. Alibaba -W is up 1.06%, Miniso is up 2.34%, with funds focusing on stable leading companies, but JD.com -SW is down 0.35%, indicating the Matthew effect in the industry, putting pressure on some weaker companies. ▪ The internet content and information sector is fluctuating, with noticeable divergence. Tencent Holdings is down 0.66%, but Baidu -SW is up 0.82%, and Kuaishou -W is down 0.60%. Overall, funds in the sector are cautiously optimistic, with increasing divergence among investors, and hotspots concentrating on structural themes. ▪ The communication equipment sector shows a divergent pattern, with YOFC strongly rising 4.75%, leading the sector in gains driven by funds, and trading volume significantly increasing, with a rise of over 15% this week. In contrast, ZTE is down 1.43%, and BYD Electronics is down 1.05%, with some companies in the sector under pressure. **Macroeconomic Background** ▪ The latest retail sales year-on-year growth in Hong Kong is 5.3%, higher than the previous value of 4.8%. The recovery in consumption is boosting market sentiment, and the expectation of favorable policies continues to ferment, with funds continuously focusing on domestic demand-related sectors. Investors are generally paying attention to the recovery of domestic demand and the upgrading of consumer retail, providing short-term support for the overall market. **Popular Stocks** ▪ Kwanlin Holdings (459.HK) surged 65.33% during the session, with a trading volume of HKD 2.9484 million. The company resumed trading today, rapidly attracting market attention with a sharp short-term rally, and active fund speculation, becoming one of today's hotspots. ▪ Yino Pharma -B (2591.HK) rose 15.49% during the session, with a trading volume of HKD 23.5544 million. After being included in the Shanghai-Hong Kong Stock Connect list, funds have significantly flowed in, driving a volatile upward trend, indicating concentrated speculation on the pharmaceutical theme by some retail investors. ▪ China Boton (3318.HK) rose 15.56% during the session, with a trading volume of HKD 15.6268 million. The company announced a major announcement, stating that it has signed a land acquisition agreement with the local government, and trading heat has increased after resuming trading, with market speculation sentiment significantly enhanced. ▪ China New Holdings (8125.HK) rose 17.31% during the session, with a trading volume of HKD 0.8074 million, showing active trends, reflecting the continued heat of small-cap stocks. ▪ Xinneng Low Carbon (145.HK) rose 15.38% during the session, with a trading volume of HKD 2.8520 million. Amid market excitement, low-carbon and green hotspots are driving rapid fund inflows. **Market Trading Volume TOP10** ▪ Alibaba -W (9988.HK) rose 0.80%, with a trading volume of HKD 2.836 billion ▪ Tencent Holdings (700.HK) fell by 0.66%, with a trading volume of HKD 2.724 billion ▪ YOFC (6869.HK) rose by 4.80%, with a trading volume of HKD 1.474 billion ▪ Xiaomi Group -W (1810.HK) fell by 0.24%, with a trading volume of HKD 1.262 billion ▪ Pop Mart (9992.HK) fell by 1.42%, with a trading volume of HKD 1.164 billion ▪ SMIC (981.HK) fell by 1.89%, with a trading volume of HKD 1.080 billion ▪ Meituan -W (3690.HK) rose by 1.44%, with a trading volume of HKD 1.034 billion ▪ Horizon Robotics -W (9660.HK) rose by 2.53%, with a trading volume of HKD 596 million ▪ Agricultural Bank of China (1288.HK) fell by 1.05%, with a trading volume of HKD 553 million ▪ Hong Kong Stock Exchange (388.HK) fell by 1.10%, with a trading volume of HKD 548 million ### Related Stocks - [601869.CN](https://longbridge.com/en/quote/601869.CN.md) - [06869.HK](https://longbridge.com/en/quote/06869.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [09896.HK](https://longbridge.com/en/quote/09896.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) - [00763.HK](https://longbridge.com/en/quote/00763.HK.md) - [00285.HK](https://longbridge.com/en/quote/00285.HK.md) - [00459.HK](https://longbridge.com/en/quote/00459.HK.md) - [02591.HK](https://longbridge.com/en/quote/02591.HK.md) - [03318.HK](https://longbridge.com/en/quote/03318.HK.md) - [08125.HK](https://longbridge.com/en/quote/08125.HK.md) - [00145.HK](https://longbridge.com/en/quote/00145.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [09992.HK](https://longbridge.com/en/quote/09992.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) ## Related News & Research - [Alibaba Files Form 13F as Investment Manager, Highlights WVR Structure](https://longbridge.com/en/news/286686984.md) - [Alibaba Group Holding Ltd. 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