--- title: "\"Hong Kong Stocks\" The Hang Seng Index retraced 347 points in the half-day, SenseTime fell nearly 4%, Manycore Tech received support" type: "News" locale: "en" url: "https://longbridge.com/en/news/283090915.md" description: "The Hong Kong stock market retreated in the morning session, with the Hang Seng Index down 347 points or 1.3%, reporting at 26,046 points. Technology stocks generally fell, with Tencent, JD.com, and NetEase declining between 1.7% and 2.4%. SenseTime's stock price dropped 3.8% due to news of a placement. The new stock Manycore Tech performed strongly, up 136% from its listing price. The total turnover of the market for the half-day was HKD 126.065 billion" datetime: "2026-04-17T04:29:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283090915.md) - [en](https://longbridge.com/en/news/283090915.md) - [zh-HK](https://longbridge.com/zh-HK/news/283090915.md) --- # "Hong Kong Stocks" The Hang Seng Index retraced 347 points in the half-day, SenseTime fell nearly 4%, Manycore Tech received support U.S. President Trump stated that Iran has agreed to hand over enriched uranium, and the U.S. and Iran are very close to reaching an agreement. The Hong Kong stock market retreated in the early session, with the Hang Seng Index opening down 183 points and the decline widening, falling 347 points or 1.3% to 26,046 points; the Hang Seng China Enterprises Index dropped 114 points or 1.3% to 8,790 points; the Hang Seng Tech Index fell 84 points or 1.7% to 5,007 points. The total turnover of the market for the half-day was HKD 126.065 billion. In the tech sector, Tencent (00700.HK), JD.com (09618.HK), NetEase (09999.HK), and Kuaishou (01024.HK) fell between 1.7% and 2.4%. Alibaba's Tongyi Qwen 3.6-35B-A3B model was released, and Alibaba (09988.HK) dropped 0.1%. Meituan (03690.HK) and Bilibili (09626.HK) fell 3.9% and 3%, respectively, while Baidu (09888.HK) declined 1.3%. JD Health (06618.HK) fell 3.6%. Youzan Technology (06051.HK) transitioned to the main board, dropping 6.2% for the half-day. Fiber optic stock Yangtze Optical Fibre and Cable (06869.HK) fell 4.3%. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) fell 1.7% and 2%, respectively, while Wall Street (06082.HK) and Tian Shu Zhi Xin (09903.HK) dropped 4.4% and 3.4%. AI stocks Zhizhu (02513.HK) and MiniMax (00100.HK) fell 1.2% and 5.3%, respectively, while Envision Intelligent (03696.HK) dropped 3.7%. SenseTime (00020.HK) had a discount of about 8.6% with a net fundraising of HKD 3.23 billion from a placement, and its stock price fell 3.8%. In the new stock sector, Changguang Chuangxin (03277.HK) reported HKD 74.5, up 86.8% from the listing price of HKD 39.88, with a turnover of HKD 1.578 billion; "Hangzhou Six Little Dragons" member Manycore Tech (00068.HK) reported HKD 17.98, up 136% from the listing price of HKD 7.62, with a turnover of HKD 2.113 billion. Xiaomi (01810.HK) CEO Lei Jun conducted a 1,265-kilometer long-distance test of the SU7 sports vehicle, and the stock fell 1.6%. Leapmotor (09863.HK) launched the D19, priced from RMB 219,800, and the stock fell 0.6%. In other automotive stocks, BYD (01211.HK) fell 1.7%, Nio (09866.HK) rose 2.5%, and Chang'an Automobile (02333.HK) fell 4%. Autonomous driving stock Pony.ai (02026.HK) retreated 4.5%. Consumer stocks declined, with Lao Pu Gold (06181.HK), Mao Ge Ping (01318.HK), Pop Mart (09992.HK), Hengan (01044.HK), and Zhenjiu Lidu (06979.HK) falling between 3% and 3.7%, while Haidilao (06862.HK), Yum China (09987.HK), and Damai Entertainment (01060.HK) fell between 4.2% and 4.8% Yum China announced after the market closed that it will consider declaring and paying a quarterly dividend. Pharmaceutical stocks retreated, with WuXi AppTec (02268.HK) and WuXi AppTec (02359.HK) falling 6.9% and 6.7%, respectively. CSPC Pharmaceutical (01093.HK) dropped 5.7%, while Kanglong Chemical (03759.HK), WuXi Biologics (02269.HK), Luye Pharma (02186.HK), and Heng Rui Medicine (01276.HK) fell between 3.6% and 4.4%. In the financial sector, HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) declined by 0.7% and 1.2%, respectively, while AIA (01299.HK) dropped 2.4%. Domestic insurance stocks such as PICC (01339.HK), Ping An (02318.HK), China Pacific Insurance (02328.HK), and Taikang (02601.HK) fell between 2.8% and 3.5%. Among brokerage stocks, CITIC Securities (06066.HK) decreased by 3%. Gold stocks also fell, with Shandong Gold (01787.HK), Zhaojin Mining (01818.HK), China Gold International (02099.HK), Zijin Mining (02899.HK), and Lingbao Gold (03330.HK) dropping between 3% and 3.6%, while Zijin Gold International (02259.HK) fell by 4.4%. 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