--- title: "Hong Kong Stock Midday Review | The Hang Seng Index fluctuates lower with technology stocks broadly declining, while semiconductor stocks rise against the trend" type: "News" locale: "en" url: "https://longbridge.com/en/news/284691195.md" description: "Hong Kong stocks faced pressure during the midday session, with all three major indices collectively declining. Technology and large-cap blue chips generally adjusted, but the semiconductor chip sector stood out, attracting structural capital attention. Leading companies such as Tianzu Zhixin, Huahong Semiconductor, and SMIC performed impressively, with the market continuing to buy into the high prosperity of the industry chain. The focus of funds shifted from large-cap internet sectors to high-growth and computing-related companies, resulting in active trading. At the same time, the Hong Kong stock market has recently been highly attentive to external import and export data and macro expectations, with capital flows and sector rotations accelerating, reflecting investors' high sensitivity to performance growth and high prosperity themes" datetime: "2026-04-30T04:13:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284691195.md) - [en](https://longbridge.com/en/news/284691195.md) - [zh-HK](https://longbridge.com/zh-HK/news/284691195.md) --- # Hong Kong Stock Midday Review | The Hang Seng Index fluctuates lower with technology stocks broadly declining, while semiconductor stocks rise against the trend **Market Overview** ▪ The three major indices of the Hong Kong stock market are under pressure at noon; ▪ The Hang Seng Index is at 25,790.17 points, down 1.23%, failing to continue yesterday's upward trend; ▪ The Hang Seng Tech Index closed at 4,862.02 points at noon, down 0.98%, falling below yesterday's high; ▪ The National Enterprises Index closed at 8,693.00 points at noon, down 1.28%. **Sector Performance** **Semiconductor stocks rise against the trend, Tensyn raises over 20%** ▪ As of the noon close, Tensyn (09903.HK) rose over 20%, trading at HKD 461.2, with a turnover of over HKD 600 million; ▪ Hua Hong Semiconductor (01347.HK) rose nearly 4%, trading at HKD 112.1, with a turnover of over HKD 4 billion; ▪ SMIC (00981.HK) rose over 6%, trading at HKD 69.95, with a turnover of over HKD 5.9 billion; ▪ GigaDevice (03986.HK) slightly fell by 0.5%, trading at HKD 474.6. **AI concept stocks strengthen, Zhizhu rises nearly 7%** ▪ As of the noon close, Zhizhu (02513.HK) rose nearly 7%, trading at HKD 872.5, with a turnover of nearly HKD 1 billion; Xizhi Technology (01879.HK) slightly rose by 0.37%, trading at HKD 822. ▪ In terms of news, Zhizhu disclosed for the first time the breakthrough in inference technology of the GLM-5 series model in ultra-large-scale Coding Agent scenarios, significantly enhancing service capabilities and reducing costs through the KV Cache hierarchical storage solution, promoting GLM-5 to become a public infrastructure in the large model industry. **Tech heavyweight stocks collectively weaken, Tencent down 3%** ▪ Large tech stocks generally fell at noon. Tencent Holdings (00700.HK) fell 3%, trading at HKD 464.8; ▪ Alibaba (09988.HK) fell over 3%, trading at HKD 126.4, with a turnover of over HKD 5.1 billion; ▪ Xiaomi Group (01810.HK) fell over 3%, trading at HKD 29.08; ▪ BYD Company (01211.HK) fell over 4%, trading at HKD 103.6; ▪ Kuaishou (01024.HK) fell nearly 2%, trading at HKD 42.72; ▪ Meituan (03690.HK) fell nearly 1%, trading at HKD 82.4. ▪ The Hong Kong tech sector overall weakened, with stocks like Bilibili, JD.com, and Baidu also declining. **Insurance and oil stocks show mixed performance, China Life up nearly 5%** ▪ Domestic insurance stocks rose against the trend at noon, with China Life (02628.HK) up nearly 5%, trading at HKD 28.74, with a turnover of nearly HKD 1.8 billion; Xinhua Insurance (01336.HK) rose nearly 3%, trading at HKD 52. China Petroleum & Chemical Corporation (00857.HK) rose 1.5%, trading at HKD 12.16. On the other hand, domestic bank stocks generally weakened, with China Construction Bank (00939.HK) down nearly 2%, Industrial and Commercial Bank of China (01398.HK) down nearly 2%, and Agricultural Bank of China (01288.HK) down 1.1%. **Top 10 by Turnover**▪ Tencent Holdings (700.HK) latest transaction price HKD 464.80, down 3.01%, transaction amount HKD 913 million ▪ SMIC (981.HK) latest transaction price HKD 70.00, up 6.38%, transaction amount HKD 600 million ▪ Yangtze Optical Fibre and Cable (6869.HK) latest transaction price HKD 203.40, down 11.87%, transaction amount HKD 552 million ▪ Alibaba -W (9988.HK) latest transaction price HKD 126.40, down 3.22%, transaction amount HKD 516 million ▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 29.02, down 3.72%, transaction amount HKD 469 million ▪ Hua Hong Semiconductor (1347.HK) latest transaction price HKD 112.30, up 3.89%, transaction amount HKD 410 million ▪ China Construction Bank (939.HK) latest transaction price HKD 8.85, down 1.56%, transaction amount HKD 235 million ▪ CATL (3750.HK) latest transaction price HKD 615.50, down 1.91%, transaction amount HKD 213 million ▪ Industrial and Commercial Bank of China (1398.HK) latest transaction price HKD 7.08, down 1.94%, transaction amount HKD 202 million ▪ China Life (2628.HK) latest transaction price HKD 28.74, up 4.89%, transaction amount HKD 181 million ### Related Stocks - 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