--- title: "Hong Kong stocks intraday | All three major indices are in the green, lithium battery and insurance stocks lead the rise, Baidu declines against the trend" type: "News" locale: "en" url: "https://longbridge.com/en/news/284506891.md" description: "Hong Kong stocks strengthened in the afternoon, with the lithium battery sector collectively soaring, insurance stocks rising significantly, and Baidu falling over 4% due to news of a suspension of its autonomous driving license" datetime: "2026-04-29T06:39:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284506891.md) - [en](https://longbridge.com/en/news/284506891.md) - [zh-HK](https://longbridge.com/zh-HK/news/284506891.md) --- # Hong Kong stocks intraday | All three major indices are in the green, lithium battery and insurance stocks lead the rise, Baidu declines against the trend On the afternoon of April 29, all three major indices of the Hong Kong stock market rose. As of the time of writing, the Tracker Fund of Hong Kong rose by 1.43%, the Hang Seng China Enterprises ETF rose by 1.61%, and the Southern Hang Seng Technology ETF rose by 1.35%. The overall market sentiment was active, with lithium batteries, insurance, and PCB sectors leading the gains, while the semiconductor and pharmaceutical sectors showed divergence. On the market, the lithium battery sector surged collectively, with Longpan Technology rising nearly 20%, and Ganfeng Lithium and Tianqi Lithium both rising over 7%; insurance stocks performed strongly, with Ping An of China rising nearly 6% and China Life rising nearly 5%; the PCB sector also strengthened, with Shenghong Technology rising over 7% and Jiantao Laminated Board rising over 6%. On the other hand, Baidu fell over 4%, Hua Hong Semiconductor fell over 4%, and WuXi AppTec fell over 3%. **Lithium battery sector surges collectively, Longpan Technology rises nearly 20%** As of the time of writing, Longpan Technology (02465.HK) rose by 19.26%, trading at HKD 21.86; Tianqi Lithium (09696.HK) rose nearly 8%, trading at HKD 62.85; Ganfeng Lithium (01772.HK) rose by 7.2%, trading at HKD 84.15. Longpan Technology's half-day trading volume exceeded HKD 800 million, with both volume and price rising, driving the entire lithium battery supply chain stronger. **Insurance stocks rise across the board, Ping An of China rises nearly 6%** As of the time of writing, Ping An of China (02318.HK) rose by 5.91%, trading at HKD 63.6, with a trading volume exceeding HKD 3.3 billion; China Life (02628.HK) rose by 4.91%, trading at HKD 27.34; AIA Group (01299.HK) rose by 2.35%, trading at HKD 85.1. The Hong Kong Legislative Council today passed the "2026 Appropriation Bill" in the third reading. Financial Secretary Paul Chan stated that the comprehensive surplus for the 2025/26 fiscal year will increase from HKD 2.9 billion to HKD 11 billion, and the stable policy expectations are favorable for the financial sector. **Significant divergence in technology stocks, Meituan rises nearly 4%, Baidu falls over 4%** As of the time of writing, Meituan-W (03690.HK) rose by 3.8%, trading at HKD 83.35, with a trading volume exceeding HKD 2.3 billion; BYD Company (01211.HK) rose by 3.86%, trading at HKD 107.7. In terms of news, Meituan's new generation foundational model LongCat-2.0-Preview has opened for testing, with parameter scale exceeding one trillion, supporting complex tasks and enterprise automation scenarios. Regarding BYD, a JP Morgan research report pointed out that the net profit per vehicle overseas is three times that of the domestic market, and overseas revenue accounted for about 70% of total vehicle revenue in the first quarter, with a projected 60% quarter-on-quarter increase in sales for the second quarter. On the other hand, Baidu Group-SW (09888.HK) fell by 4.3%, trading at HKD 118. According to Bloomberg, after a service interruption, China has suspended the issuance of new autonomous vehicle licenses, which has dragged down Baidu's stock price throughout the afternoon. Hua Hong Semiconductor (01347.HK) fell by 4.59%, trading at HKD 108.1; WuXi AppTec (02359.HK) fell by 3.56%, trading at HKD 138. **Shangmi Technology surges over 250% on its first day of listing** As of the time of writing, Shangmi Technology-W (06810.HK) was trading at HKD 88.75, up over 250% from its issue price of HKD 24.86, with a trading volume exceeding HKD 1 billion. The company is a provider of smart commercial hardware services and received a warm market reception on its first day of listing, reaching a peak of HKD 99.8 during the session In addition, the PCB sector performed well, with Shenghong Technology (02476.HK) rising 7.53% to HKD 322.6; Jiantao Laminates (01888.HK) increasing 6.18% to HKD 37.82. In the optical module sector, Cambridge Technology (06166.HK) surged 14.48% to HKD 127.3, with a trading volume exceeding HKD 2.5 billion, continuing its recent strength. **Top 10 Trading Volumes** Yingfu Fund (02800) HKD 26.16, up 1.43%, trading volume HKD 14 billion Tencent Holdings (00700) HKD 477.2, up 0.72%, trading volume HKD 6.1 billion Hang Seng China Enterprises (02828) HKD 89.88, up 1.61%, trading volume HKD 5.4 billion Alibaba-W (09988) HKD 129.9, up 2.69%, trading volume HKD 5.1 billion BYD Company (01211) HKD 107.7, up 3.86%, trading volume HKD 3.6 billion Xiaomi Group-W (01810) HKD 30.1, up 0.6%, trading volume HKD 3.6 billion Changfei Fiber Optic Cable (06869) HKD 232.0, up 2.38%, trading volume HKD 3.5 billion Contemporary Amperex Technology (03750) HKD 627.0, down 0.32%, trading volume HKD 3.5 billion Ping An Insurance (02318) HKD 63.6, up 5.91%, trading volume HKD 3.3 billion Huahong Semiconductor (01347) HKD 108.1, down 4.59%, trading volume HKD 3.2 billion ### Related Stocks - 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