--- title: "Hang Seng Index Falls 0.87% Intraday, YOFC Surges 13% Against Trend" type: "News" locale: "en" url: "https://longbridge.com/en/news/280965903.md" description: "On March 30, major indices in the Hong Kong stock market pulled back simultaneously, with market risk aversion sentiment rising, leading the internet and retail sectors to fall. Tencent Holdings, Alibaba, and other heavyweights faced significant pressure, with funds rotating to resource stocks, and WANGUO GOLD GP and CHIFENG GOLD showing active trading. Macroeconomically, although there were signs of recovery, the momentum was insufficient, leading to strong short-term wait-and-see sentiment among investors, while YOFC saw a significant surge" datetime: "2026-03-30T06:33:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280965903.md) - [en](https://longbridge.com/en/news/280965903.md) - [zh-HK](https://longbridge.com/zh-HK/news/280965903.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280965903.md) | [繁體中文](https://longbridge.com/zh-HK/news/280965903.md) # Hang Seng Index Falls 0.87% Intraday, YOFC Surges 13% Against Trend **Market Overview** ▪ During intraday trading on March 30, major Hong Kong stock indices collectively pulled back, with sentiment leaning cautious. ▪ The Hang Seng Index is currently at 24,800.69, down 0.61%, failing to set a new phase high. The previous high was on March 27; the short-term pullback is below the previous high. ▪ The Hang Seng Tech Index is currently at 4,703.96, down 1.55%, not setting a new high. The previous high was on March 27; growth sectors are under pressure. ▪ The H-share Index is currently at 8,420.34, down 0.39%, also failing to break through the phase high, which was on March 27. ▪ As of now, capital wait-and-see sentiment is rising, with selling pressure appearing near previous highs. Subsequent attention will be on volume and policy expectations to validate the high-level range. **Sector Performance** ▪ The internet content and information sector is broadly declining. Industry leader Tencent Holdings fell 2.11%, and Alibaba-W fell 1.47%. Affected by market risk aversion sentiment, major weighted stocks are generally retreating. ▪ The retail sector is generally declining, with consumer demand still needing to recover. Pop Mart saw a slight pullback of 0.13%, and Meituan-W fell 1.40%. ▪ The jewelry/toy/stationery and other retailer sectors continue to decline, reflecting the persistent drag of weak domestic demand momentum on the sectors. ▪ The communications equipment sector showed unusual activity, with YOFC surging against the trend by 13.00%, becoming one of the few bright spots during the session, with a turnover of 5.971 billion. **Macroeconomic Background** ▪ The intraday trend of Hong Kong stocks reflects that foreign trade, retail, and employment data are in a phase of mild recovery, but overall economic momentum remains insufficient. ▪ Market participants are closely watching policy-driven effects and RMB exchange rate fluctuations. The certainty of corporate earnings improvement and changes in the external environment remain key points for short-term speculation. **Hot Stocks** ▪ WANGUO GOLD GP (3939.HK) showed strong intraday performance, with a gain of 9.27% and a turnover of 555 million Hong Kong dollars, indicating a clear inflow of safe-haven funds. ▪ CHIFENG GOLD (6693.HK) rose 7.71% intraday, with a turnover of 629 million Hong Kong dollars, as gold resource stocks were sought after by the market. ▪ JIAXIN RESOURCES INT'L (3858.HK) rose 6.95%, with a turnover of 610 million Hong Kong dollars, showing strong upward momentum. ▪ REMGENE (9995.HK) rose 5.26%, with a turnover of 633 million Hong Kong dollars, indicating localized activity in the biopharmaceutical sector. ▪ CHINA SHENHUA (1088.HK) slightly decreased by 0.50%, with a turnover of 629 million Hong Kong dollars, suggesting that some dividend investors are taking profits at highs. **Market Turnover TOP10** ▪ TENCENT (00700.HK) Latest traded price 483.0 HKD, decline 2.11%, turnover 10.209 billion ▪ Alibaba-W (09988.HK) Latest traded price 120.8 HKD, decline 1.47%, turnover 6.504 billion ▪ Pop Mart (09992.HK) Latest traded price 149.4 HKD, decline 0.13%, turnover 6.471 billion ▪ YOFC (06869.HK) Latest traded price 194.7 HKD, increase 13.00%, turnover 5.971 billion ▪ BYD COMPANY (01211.HK) Latest traded price 105.8 HKD, decline 0.66%, turnover 4.377 billion ▪ Meituan-W (03690.HK) Latest traded price 84.7 HKD, decline 1.40%, turnover 3.825 billion ▪ CNOOC (00883.HK) Latest traded price 28.84 HKD, decline 0.76%, turnover 3.442 billion ▪ Xiaomi Corporation-W (01810.HK) Latest traded price 32.34 HKD, decline 2.00%, turnover 3.246 billion ▪ SMIC (00981.HK) Latest traded price 50.9 HKD, decline 3.05%, turnover 3.207 billion ▪ China Construction Bank (00939.HK) Latest traded price 8.18 HKD, increase 1.11%, turnover 2.740 billion ### Related Stocks - [WANGUO GOLD GP (03939.HK)](https://longbridge.com/en/quote/03939.HK.md) - [CHIFENG GOLD (06693.HK)](https://longbridge.com/en/quote/06693.HK.md) - [Hang Seng Index (00HSI.HK)](https://longbridge.com/en/quote/00HSI.HK.md) - [CHIFENG GOLD (600988.CN)](https://longbridge.com/en/quote/600988.CN.md) - [YOFC (601869.CN)](https://longbridge.com/en/quote/601869.CN.md) - [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md) - [POP MART (09992.HK)](https://longbridge.com/en/quote/09992.HK.md) - [MEITUAN-W (03690.HK)](https://longbridge.com/en/quote/03690.HK.md) - [JIAXIN INTL RES (03858.HK)](https://longbridge.com/en/quote/03858.HK.md) - [REMEGEN (09995.HK)](https://longbridge.com/en/quote/09995.HK.md) - [CHINA SHENHUA (01088.HK)](https://longbridge.com/en/quote/01088.HK.md) - [BYD COMPANY (01211.HK)](https://longbridge.com/en/quote/01211.HK.md) - [CNOOC (00883.HK)](https://longbridge.com/en/quote/00883.HK.md) - [XIAOMI-W (01810.HK)](https://longbridge.com/en/quote/01810.HK.md) - [SMIC (00981.HK)](https://longbridge.com/en/quote/00981.HK.md) - [CCB (00939.HK)](https://longbridge.com/en/quote/00939.HK.md) - [YOFC (06869.HK)](https://longbridge.com/en/quote/06869.HK.md) ## Related News & Research - [Pop Mart shares sink despite revenue surge, as analysts say Labubu reliance worries investors](https://longbridge.com/en/news/280487493.md) - [Jefferies Reaffirms Their Buy Rating on Pop Mart International Group Limited (735)](https://longbridge.com/en/news/280938752.md) - [Boost for Pop Mart’s shares from buyback likely limited](https://longbridge.com/en/news/280724952.md) - [Pop Mart Revenue Tops 30 Billion Net Profit Surges 284%, Why Did Stock Price Plummet 15%?](https://longbridge.com/en/news/280420484.md) - [Pop Mart billionaire Wang Ning loses $2.7B in net worth amid slide in Labubu maker's stock](https://longbridge.com/en/news/280744669.md)