--- title: "Hong Kong Stock Market Update | Hang Seng Index rises over 1%, domestic insurance and new energy vehicles lead the gains, while semiconductor stocks decline against the trend" type: "News" locale: "en" url: "https://longbridge.com/en/news/284480471.md" description: "On April 29th, during intraday trading, the three major indices of the Hong Kong stock market strengthened collectively, with the Hang Seng Index, Hang Seng Tech Index, and the China Enterprises Index rising approximately 1.3%, 1.4%, and 1.5% respectively. In terms of sectors, domestic insurance stocks performed prominently, with Ping An rising over 5%, China Life and AIA following suit. Institutions indicated that the attention of public funds on the financial sector increased in the first quarter; the new energy vehicle and lithium battery industry chains saw widespread gains, with Tianqi Lithium rising over 5%, and Ganfeng Lithium, BYD Company, and Li Auto rising nearly 4%. Energy stocks were boosted by rising international oil prices and news of the UAE's exit from OPEC, with Yanzhou Coal Mining rising nearly 6% and PetroChina rising nearly 2%. New stock Smartmi Technology surged approximately 286% on its first day of listing, with active trading. However, the semiconductor sector fell against the trend, with HUA HONG SEMI dropping over 7% and SMIC falling nearly 1.4%, mainly affected by the overnight sharp decline in U.S. chip stocks and concerns over AI investment returns. In terms of trading volume, the top three were the Tracker Fund of Hong Kong, Alibaba, and Tencent Holdings, with BYD Company, HUA HONG SEMI, and Ping An each exceeding HKD 1.5 billion in trading volume" datetime: "2026-04-29T02:33:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284480471.md) - [en](https://longbridge.com/en/news/284480471.md) - [zh-HK](https://longbridge.com/zh-HK/news/284480471.md) --- # Hong Kong Stock Market Update | Hang Seng Index rises over 1%, domestic insurance and new energy vehicles lead the gains, while semiconductor stocks decline against the trend ### **Market Overview** ▪ On April 29, the three major indices of the Hong Kong stock market rose collectively. ▪ The Hang Seng Index rose about 1.3%, the Hang Seng Tech Index rose about 1.4%, and the National Enterprises Index rose about 1.5%. ### **Popular Sectors** **Domestic Insurance Stocks Strengthen Collectively, Ping An Rises Over 5%** ▪ As of the time of writing, Ping An (02318.HK) rose over 5%, trading at HKD 63.3; ▪ China Life (02628.HK) rose nearly 4%, trading at HKD 27.1; ▪ AIA Group (01299.HK) rose nearly 2%, trading at HKD 84.8; ▪ China Resources Land (01109.HK) rose over 4%, trading at HKD 32.28. ▪ In terms of news, a report from Industrial Securities pointed out that as of the end of the first quarter of 2026, the total market value of public fund holdings in Hong Kong stocks was HKD 1,121.06 billion, a quarter-on-quarter decrease of 8.9%, but the positions in the energy, medical, and real estate sectors significantly increased, attracting funds to financial sectors such as domestic insurance. **New Energy Vehicles and Lithium Battery Sectors Generally Rise, Tianqi Lithium Rises Over 5%** ▪ As of the time of writing, Tianqi Lithium (09696.HK) rose over 5%, trading at HKD 61.45; Ganfeng Lithium (01772.HK) rose over 4%, trading at HKD 81.85; BYD Company (01211.HK) rose nearly 4%, trading at HKD 107.5; Li Auto (02015.HK) rose nearly 4%, trading at HKD 69.65; Geely Automobile (00175.HK) rose nearly 3%, trading at HKD 22.36. The lithium battery and new energy vehicle industry chain strengthened across the board today, with BYD's trading volume exceeding HKD 1.9 billion. **Semiconductor Sector Declines Against the Trend, Hua Hong Semiconductor Falls Over 7%** ▪ As of the time of writing, Hua Hong Semiconductor (01347.HK) fell over 7%, trading at HKD 105, with a trading volume exceeding HKD 1.8 billion; SMIC (00981.HK) fell nearly 1.4%, trading at HKD 65.15. In terms of news, reports that OpenAI failed to meet internal user and revenue targets overnight reignited market concerns about AI investment returns, leading to a broad decline in U.S. chip stocks, with the semiconductor index dropping 3.6%. The stock prices of NVIDIA, AMD, and Broadcom fell between 1.6% and 4.4%, dragging down the performance of the semiconductor sector in the Hong Kong stock market today. **Sengmi Technology Soars on First Day of Listing, Energy Stocks Strengthen** ▪ New stock Sengmi Technology (06810.HK) listed at HKD 96 on its first day, soaring about 286% from the offering price of HKD 24.86, with a trading volume exceeding HKD 760 million. Additionally, the energy sector performed actively, with Yanzhou Coal Mining (01171.HK) rising nearly 6%, trading at HKD 16.16; China Petroleum & Chemical Corporation (00857.HK) rose nearly 2%. In terms of news, WTI crude oil rose to about USD 101 per barrel, and the UAE announced it would withdraw from OPEC and OPEC+ starting May 1. HSBC believes the short-term impact on the oil market is limited, but it may weaken supply discipline in the long term. **Top 10 Trading Volumes** ▪ Tracker Fund of Hong Kong (02800) HKD 26.12, up 1.28%, trading volume HKD 3 billion ▪ Alibaba-W (09988) HKD 129.3, up 2.21%, turnover HKD 2.3 billion ▪ Tencent Holdings (00700) HKD 478.0, up 0.89%, turnover HKD 2.3 billion ▪ BYD Company (01211) HKD 107.5, up 3.66%, turnover HKD 1.9 billion ▪ HUA HONG SEMI (01347) HKD 105.0, down 7.33%, turnover HKD 1.9 billion ▪ Xiaomi Group-W (01810) HKD 30.22, up 1.0%, turnover HKD 1.7 billion ▪ SMIC (00981) HKD 65.15, down 1.36%, turnover HKD 1.6 billion ▪ Ping An (02318) HKD 63.3, up 5.41%, turnover HKD 1.5 billion ▪ CATL (03750) HKD 622.5, down 1.03%, turnover HKD 1.4 billion ▪ Yangtze Optical Fibre and Cable (06869) HKD 231.0, up 1.94%, turnover HKD 1.3 billion ### Related Stocks - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [601318.CN](https://longbridge.com/en/quote/601318.CN.md) - [02318.HK](https://longbridge.com/en/quote/02318.HK.md) - 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