--- title: "Hong Kong stocks close | Hang Seng TECH Index leads with a 2.69% increase, hardware sector strengthens, Xiaomi surges 5.64%" type: "News" locale: "en" url: "https://longbridge.com/en/news/279225982.md" description: "On March 16th, the three major Hong Kong stock indices collectively closed higher, with the Hang Seng TECH Index leading the way with a 2.69% increase. Market risk appetite significantly warmed, with hardware, internet, and retail sectors rebounding sharply. Xiaomi Group rose by 5.64%, and Tencent Holdings had the highest trading volume. Investor sentiment was dominated by solid performance and recovery expectations, leading to an active trading atmosphere" datetime: "2026-03-16T08:22:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279225982.md) - [en](https://longbridge.com/en/news/279225982.md) - [zh-HK](https://longbridge.com/zh-HK/news/279225982.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/279225982.md) | [繁體中文](https://longbridge.com/zh-HK/news/279225982.md) # Hong Kong stocks close | Hang Seng TECH Index leads with a 2.69% increase, hardware sector strengthens, Xiaomi surges 5.64% **Market Overview** ▪ On March 16, Hong Kong stocks closed higher, with all three major indices rising collectively. The Hang Seng Index, Hang Seng TECH Index, and the China Enterprises Index all strengthened, indicating a recovery in market risk appetite. ▪ The Hang Seng Index closed at 25,834.02 points, up 1.45%, not surpassing the peak reached on March 11, maintaining a short-term rebound rhythm. ▪ The Hang Seng TECH Index closed at 5,111.78 points, up 2.69%, leading the gains among the three major indices. ▪ The China Enterprises Index closed at 8,816.32 points, up 1.67%, still below the peak reached on February 27, continuing its recovery. ▪ Overall, the rebound is primarily focused on repair, with attention on whether it can break through the aforementioned highs and establish a stable position. **Sector Performance** ▪ The hardware, storage, and peripherals sectors rebounded strongly, with Xiaomi Group closing up 5.64%, achieving a transaction volume of HKD 7.865 billion, effectively boosting market sentiment and sector activity. ▪ The internet content and information sector rose overall, with the stable performance of mainstream companies improving market sentiment. Tencent Holdings rose 2.01%, leading the transaction volume across Hong Kong. ▪ The retail sector generally rose, mainly driven by the recovery of consumer enthusiasm and overall positive industry expectations. JD.com -W rose 1.73%, and Alibaba rose 1.13%. **Macroeconomic Background** ▪ The Hong Kong stock market has recently been closely monitoring macroeconomic indicators, focusing on foreign exchange reserves, retail sales data, manufacturing PMI, and GDP fluctuations. ▪ Current market sentiment is still dominated by capital dynamics and policy signals, with expectations of economic recovery becoming the focal point of capital speculation. **Popular Stocks** ▪ Hon Teng Precision (6088.HK) rose 12.27%, with a transaction volume of HKD 702 million. On the news front, its parent company Foxconn stated that the chip shortage has limited impact on smartphones, showing strong resilience in the supply chain, but the stock price has seen significant adjustments. ▪ China COSCO Shipping Energy Transportation (1138.HK) rose 8.54%, with a transaction volume of HKD 704 million, showing noticeable capital outflow today, putting pressure on the stock price. ▪ CSPC Pharmaceutical Group (1093.HK) rose 5.12%, with a transaction volume of HKD 777 million. ▪ Li Auto -W (2015.HK) rose 2.95%, with a transaction volume of HKD 733 million. ▪ Bilibili -W (9626.HK) rose 2.84%, with a transaction volume of HKD 692 million, with its stock price fluctuations mainly influenced by the overall market sentiment of Chinese concept stocks. **Market Transaction Volume TOP10** ▪ Tencent Holdings (00700.HK) latest transaction price HKD 558.5, up 2.01%, transaction volume HKD 13.507 billion ▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 35.2, up 5.64%, transaction volume HKD 7.865 billion ▪ Alibaba -W (09988.HK) latest transaction price HKD 134.0, up 1.13%, transaction volume HKD 6.678 billion ▪ BYD Company (01211.HK) latest transaction price HKD 104.3, up 7.80%, transaction volume HKD 5.818 billion▪ China National Offshore Oil Corporation (00883.HK) latest transaction price 29.44 HKD, down 1.08%, transaction amount 5.665 billion ▪ Hua Hong Semiconductor (01347.HK) latest transaction price 94.5 HKD, up 7.39%, transaction amount 4.536 billion ▪ Zijin Mining (02899.HK) latest transaction price 36.98 HKD, down 3.35%, transaction amount 3.651 billion ▪ Contemporary Amperex Technology Co., Limited (03750.HK) latest transaction price 670.0 HKD, up 7.89%, transaction amount 3.419 billion ▪ Semiconductor Manufacturing International Corporation (00981.HK) latest transaction price 62.5 HKD, up 0.48%, transaction amount 3.339 billion ▪ Meituan-W (03690.HK) latest transaction price 78.3 HKD, up 3.09%, transaction amount 2.994 billion ### Related Stocks - [JD-SW (09618.HK)](https://longbridge.com/en/quote/09618.HK.md) - [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md) - [XIAOMI-W (01810.HK)](https://longbridge.com/en/quote/01810.HK.md) - [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md) - [FIT HON TENG (06088.HK)](https://longbridge.com/en/quote/06088.HK.md) - [COSCO SHIP ENGY (01138.HK)](https://longbridge.com/en/quote/01138.HK.md) - [CSPC PHARMA (01093.HK)](https://longbridge.com/en/quote/01093.HK.md) - [LI AUTO-W (02015.HK)](https://longbridge.com/en/quote/02015.HK.md) - [BILIBILI-W (09626.HK)](https://longbridge.com/en/quote/09626.HK.md) - [Hang Seng TECH Index (STECH.HK)](https://longbridge.com/en/quote/STECH.HK.md) - [FI2 CSOP HSI (07500.HK)](https://longbridge.com/en/quote/07500.HK.md) - [XI2CSOPHSTECH (07552.HK)](https://longbridge.com/en/quote/07552.HK.md) - [CSOP HS TECH (03033.HK)](https://longbridge.com/en/quote/03033.HK.md) - [Hang Seng Index (00HSI.HK)](https://longbridge.com/en/quote/00HSI.HK.md) - [FL2 CSOP HSI (07200.HK)](https://longbridge.com/en/quote/07200.HK.md) - [FI CSOP HSI (07300.HK)](https://longbridge.com/en/quote/07300.HK.md) - [XL2CSOPHSTECH (07226.HK)](https://longbridge.com/en/quote/07226.HK.md) ## Related News & Research - [Xiaomi Streamlines Shareholdings and Renews VIE Contracts for Mainland Units](https://longbridge.com/en/news/281559343.md) - [Guosheng Securities Sticks to Their Buy Rating for Xiaomi (XIACF)](https://longbridge.com/en/news/281478308.md) - [Hon Hai's US Unit Buys Foxconn Assembly for $296 Million; Shares Drop 3%](https://longbridge.com/en/news/281130288.md) - [CSPC Pharmaceutical, Alphamab Oncology's Breast Cancer Drug Study Meets Primary Endpoint](https://longbridge.com/en/news/281325910.md) - [Xiaomi's new SU7 locked-in orders surpass 40,000 units as deliveries accelerate](https://longbridge.com/en/news/281594920.md)