--- title: "Hong Kong Stock Midday Review | Hang Seng Index down 1.66%, Tencent leads the decline, Xiaomi rises 4.27% against the trend to support the market" type: "News" locale: "en" url: "https://longbridge.com/en/news/279718141.md" description: "On March 19th, the three major Hong Kong stock indices collectively adjusted in the afternoon, with the Hang Seng Index falling 1.66% and failing to maintain its strength, leading to a cautious trading sentiment. Tencent Holdings dropped 5.9%, dragging down the internet sector, while the hardware storage sector, driven by innovation expectations, saw Xiaomi Group leading the way against the trend. During the macro data lull, market funds focused on the differentiated performance of core assets, with Tencent, Xiaomi, and Alibaba ranking in the top three for trading volume" datetime: "2026-03-19T04:13:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279718141.md) - [en](https://longbridge.com/en/news/279718141.md) - [zh-HK](https://longbridge.com/zh-HK/news/279718141.md) --- # Hong Kong Stock Midday Review | Hang Seng Index down 1.66%, Tencent leads the decline, Xiaomi rises 4.27% against the trend to support the market **Market Overview** ▪ As of noon (March 19), the three major indices of the Hong Kong stock market collectively retreated, with weak sentiment in the morning session, and the strong performance from the previous day did not continue. ▪ The Hang Seng Index fell 1.66% to 25,592.99 points, failing to continue reaching new highs, retreating from the high on March 18, and consolidating around 25,600 in the short term. ▪ The Hang Seng Tech Index dropped 1.58% to 5,027.69 points, pulling back from the high on March 18, with repeated contention around the 5,000-point level. ▪ The China Enterprises Index decreased by 1.31% to 8,720 points, not extending yesterday's high, and still oscillating within the recent range. ▪ Overall, the three major indices did not challenge the recent highs again, focusing on the game between yesterday's high resistance and the support at round numbers. **Sector Performance** ▪ The internet content and information sector weakened overall, with no significant positive news within the sector, mainly dragged down by a 5.90% drop in leading stock Tencent Holdings, affecting index performance. ▪ The hardware, storage, and peripherals sector performed relatively strong, buoyed by strong expectations for industry innovation, with Xiaomi Group leading the sector, showing a clear willingness for capital to seek value in a risk-averse manner. ▪ The retail sector overall declined, with core asset Alibaba experiencing a pullback, reflecting cautious behavior from investors ahead of demand-side data releases. **Macroeconomic Background** ▪ Recently, the Hong Kong stock market has been in a macro data window period, with investors showing strong wait-and-see sentiment, lacking clear unilateral driving signals. ▪ The market is currently highly focused on the sustained momentum of economic recovery and the release of consumer data, while also being wary of volatility pressures from external market disturbances. **Popular Stocks** ▪ China Resources Power (1635.HK) rose 5.56%, with the latest transaction amounting to HKD 334 million, showing active price performance. ▪ ZTO Express -W (2057.HK) increased by 0.25%, with a transaction amount of HKD 344 million, demonstrating certain resilience in a volatile market. ▪ Industrial and Commercial Bank of China (1398.HK) had a change of 0.00%, with a transaction amount of HKD 383 million, closing flat. ▪ Sunny Optical Technology (2382.HK) fell 1.49%, with a transaction amount of HKD 376 million; ▪ China Cosco Shipping Energy (1138.HK) decreased by 2.71%, with a transaction amount of HKD 390 million, weakened by sector adjustments. **Market Transaction Amount TOP10** ▪ Tencent Holdings (00700.HK) latest transaction price HKD 518.0, down 5.90%, transaction amount HKD 19.157 billion ▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 36.64, up 4.27%, transaction amount HKD 8.483 billion ▪ Alibaba -W (09988.HK) latest transaction price HKD 133.0, down 3.41%, transaction amount HKD 6.733 billion ▪ China National Offshore Oil (00883.HK) latest transaction price HKD 29.26, up 3.39%, transaction amount HKD 3.586 billion ▪ Zijin Mining (02899.HK) latest transaction price 34.32 HKD, decline 8.09%, transaction amount 2.385 billion ▪ Shandong Molong (00568.HK) latest transaction price 11.58 HKD, increase 10.71%, transaction amount 2.08 billion ▪ Meituan-W (03690.HK) latest transaction price 80.85 HKD, increase 0.68%, transaction amount 2.065 billion ▪ Kuaishou-W (01024.HK) latest transaction price 55.8 HKD, decline 5.42%, transaction amount 1.797 billion ▪ Yangtze Optical Fibre and Cable (06869.HK) latest transaction price 149.8 HKD, decline 4.16%, transaction amount 1.763 billion ▪ SMIC (00981.HK) latest transaction price 59.95 HKD, decline 2.84%, transaction amount 1.721 billion ### Related Stocks - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [01635.HK](https://longbridge.com/en/quote/01635.HK.md) - [02057.HK](https://longbridge.com/en/quote/02057.HK.md) - [01398.HK](https://longbridge.com/en/quote/01398.HK.md) - [02382.HK](https://longbridge.com/en/quote/02382.HK.md) - [01138.HK](https://longbridge.com/en/quote/01138.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [513040.CN](https://longbridge.com/en/quote/513040.CN.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) - [07300.HK](https://longbridge.com/en/quote/07300.HK.md) - [159920.CN](https://longbridge.com/en/quote/159920.CN.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [03133.HK](https://longbridge.com/en/quote/03133.HK.md) - [07200.HK](https://longbridge.com/en/quote/07200.HK.md) - [03033.HK](https://longbridge.com/en/quote/03033.HK.md) - [KWEB.US](https://longbridge.com/en/quote/KWEB.US.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [07500.HK](https://longbridge.com/en/quote/07500.HK.md) - [513770.CN](https://longbridge.com/en/quote/513770.CN.md) ## Related News & Research - [China's Impact Therapeutics seeks up to $117 million in Hong Kong IPO, term sheet shows](https://longbridge.com/en/news/285136556.md) - [Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Posts Earnings Results, Misses Estimates By $0.04 EPS](https://longbridge.com/en/news/284631488.md) - [Lingxing Seeks Hong Kong IPO, But Heavy Reliance On Aggregators Could Worry Investors](https://longbridge.com/en/news/284407061.md) - [Xiaomi Sets 2026 AGM to Approve 2025 Results and Share Capital Mandates](https://longbridge.com/en/news/284358749.md) - [ICBC Reports Strong Turnout and Poll Results at 2026 Extraordinary Shareholders’ Meeting](https://longbridge.com/en/news/283831429.md)