--- title: "Hong Kong stocks intraday | Three major indices fell, technology stocks led the decline, Xiaomi Group dropped 4.93%, Baidu fell 4.04%" description: "On March 2nd, the Hong Kong stock market was affected by profit-taking, with the three major indices experiencing significant declines during the session. The Hang Seng Tech Index fell by 2.86%, leadi" type: "news" locale: "en" url: "https://longbridge.com/en/news/277393493.md" published_at: "2026-03-02T02:39:10.000Z" --- # Hong Kong stocks intraday | Three major indices fell, technology stocks led the decline, Xiaomi Group dropped 4.93%, Baidu fell 4.04% > On March 2nd, the Hong Kong stock market was affected by profit-taking, with the three major indices experiencing significant declines during the session. The Hang Seng Tech Index fell by 2.86%, leading the decline. The internet, hardware, and retail sectors generally weakened, with Xiaomi Group down 4.93% and Baidu down 4.04%. Despite the market adjustment, individual stocks like D&G TECH surged against the trend due to speculative factors. Market sentiment is cautious, and investors are closely monitoring the Hong Kong manufacturing PMI and liquidity changes **Market Overview** On March 2, the Hong Kong stock market was affected by profit-taking, with all three major indices experiencing significant declines during the session, failing to continue the breakout trend from last Friday (February 27). As of the time of writing: ▪ The Hang Seng Index fell 2.57% to 25,945.88 points, significantly retreating from recent highs; ▪ The Hang Seng Tech Index led the market decline, dropping 2.86% to 4,990.91 points; ▪ The National Enterprises Index fell 2.37% to 8,649.88 points. Overall, the market entered a technical adjustment after the previous rise, with short-term selling pressure intensifying, and all three major indices showing a one-sided weakening trend during the session. **Sector Performance** ▪ The retail sector fell across the board, dragged down by weak consumer sentiment. Leading stocks performed poorly, with Alibaba -W (9988.HK) down 3.78%, trading volume reaching HKD 7.141 billion; Miniso (9896.HK) fell 3.55%; JD -SW (9618.HK) also recorded a decline of 3.16%, with clear signs of capital outflow. ▪ The internet content and information sector generally weakened, with large tech stocks leading the decline, dragging down the overall market performance. Baidu -SW (9888.HK) fell 4.04%, leading the decline; Kuaishou -W (1024.HK) dropped 3.58%; Tencent Holdings (700.HK) fell 1.35%, but trading volume remained high at HKD 6.789 billion, indicating intense bullish-bearish competition. ▪ The hardware, storage, and peripherals sector underwent a deep correction, with heavy market selling pressure. Xiaomi Group -W (1810.HK) fell sharply by 4.93%, with a trading volume of HKD 4.792 billion; Longqi Technology (9611.HK) plummeted 5.61%; Lenovo Group (992.HK) fell 2.47%. **Macroeconomic Background** ▪ The Hong Kong stock market has recently focused on local economic recovery and liquidity conditions. Investors are closely monitoring the HSBC Manufacturing PMI and Composite CPI data in Hong Kong to assess inflation and the momentum of domestic demand recovery. ▪ The unemployment rate and trade balance performance have become key indicators for evaluating the resilience of the real economy. ▪ With adjustments in expectations for the Federal Reserve's policies, changes in liquidity and exchange rate fluctuations are also central to short-term speculation, and overall market sentiment remains cautiously watchful. **Popular Stocks** ▪ D&G TECH (01301) surged 90.48%, with a trading volume of HKD 3.1755 million. The company's stock price experienced a rare surge during the session, possibly influenced by rumors of potential privatization or capital hunting, but lacking any significant official announcements, it has a strong speculative nature. ▪ Zhonggang Petroleum (00632) rose 37.71%, with a trading volume of HKD 14.9089 million. The stock price fluctuated wildly, and market funds may be re-pricing or speculating on this energy stock, requiring attention to oil price trends. ▪ Dali Pu Holdings (01921) increased by 10.94%, with a trading volume of HKD 41.5237 million. Driven by substantial fundamental benefits, its subsidiary has become a globally qualified supplier for Sumitomo Corporation in Japan, expected to broaden overseas sales channels, with continued capital inflow **Market Trading Volume TOP10** ▪ Alibaba -W (09988.HK) Latest trading price 137.30 HKD, down 3.92%, trading volume 7.046 billion ▪ Tencent Holdings (00700.HK) Latest trading price 510.50 HKD, down 1.45%, trading volume 6.699 billion ▪ Xiaomi Group -W (01810.HK) Latest trading price 33.14 HKD, down 5.04%, trading volume 4.705 billion ▪ China National Offshore Oil Corporation (00883.HK) Latest trading price 25.84 HKD, up 2.05%, trading volume 4.690 billion ▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK) Latest trading price 163.30 HKD, up 9.74%, trading volume 3.056 billion ▪ Semiconductor Manufacturing International Corporation (00981.HK) Latest trading price 64.90 HKD, down 4.56%, trading volume 2.666 billion ▪ PetroChina Company Limited (00857.HK) Latest trading price 9.64 HKD, up 1.05%, trading volume 1.781 billion ▪ SenseTime -W (00020.HK) Latest trading price 2.37 HKD, down 7.42%, trading volume 1.681 billion ▪ China Cosco Shipping Energy Transportation Co., Ltd. (01138.HK) Latest trading price 18.93 HKD, up 0.53%, trading volume 1.393 billion ▪ BYD Company Limited (01211.HK) Latest trading price 95.55 HKD, up 0.63%, trading volume 1.366 billion ### Related Stocks - [01301.HK - D&G TECH](https://longbridge.com/en/quote/01301.HK.md) - [00632.HK - CHK OIL](https://longbridge.com/en/quote/00632.HK.md) - [01921.HK - DALIPAL HLDG](https://longbridge.com/en/quote/01921.HK.md) - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md) - [09896.HK - MNSO](https://longbridge.com/en/quote/09896.HK.md) - [09618.HK - JD-SW](https://longbridge.com/en/quote/09618.HK.md) - [09888.HK - BIDU-SW](https://longbridge.com/en/quote/09888.HK.md) - [01024.HK - KUAISHOU-W](https://longbridge.com/en/quote/01024.HK.md) - [00700.HK - TENCENT](https://longbridge.com/en/quote/00700.HK.md) - [09611.HK - LONGCHEER](https://longbridge.com/en/quote/09611.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | China's Search Giant Baidu Struggles With Weak Ad Spending Despite AI Push | Baidu (BIDU) shares fell 4% after reporting Q4 results, with revenue declining 4% YoY to $4.682 billion, slightly above | [Link](https://longbridge.com/en/news/277056050.md) | | Xiaomi 17 is a small(ish) phone with a big(ish) battery | Xiaomi has launched its latest flagship phones, the Xiaomi 17 and 17 Ultra, globally, alongside a Leica-branded Leitzpho | [Link](https://longbridge.com/en/news/277311828.md) | | J.P. 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