--- title: "Hong Kong stock market closing | Hang Seng Index fell 1.37%, semiconductor sector surged against the trend, technology weights and bank stocks broadly declined" type: "News" locale: "en" url: "https://longbridge.com/en/news/284722816.md" description: "On April 30th, the three major indices of the Hong Kong stock market fluctuated and fell, with the Hang Seng Index closing down 1.28% at 25,776.53 points. The escalating situation in the Middle East and the delayed expectations for a Federal Reserve interest rate cut have intensified market risk aversion, leading to a general pullback in technology heavyweight stocks, domestic bank stocks, and the new energy vehicle sector. Although Alibaba was favored by institutions due to the potential of its AI business and launched a digital employee product, it fell nearly 3% due to external sentiment. In contrast, the semiconductor sector, driven by leaders such as ILUVATAR COREX and SMIC, surged against the trend, becoming a major capital attraction in the market that day" datetime: "2026-04-30T08:13:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284722816.md) - [en](https://longbridge.com/en/news/284722816.md) - [zh-HK](https://longbridge.com/zh-HK/news/284722816.md) --- # Hong Kong stock market closing | Hang Seng Index fell 1.37%, semiconductor sector surged against the trend, technology weights and bank stocks broadly declined **Market Overview** ▪ On April 30th, Hong Kong stocks closed lower, with all three major indices retreating. ▪ The Hang Seng Index closed at 25,776.53 points, down 1.28% for the day; ▪ The Hang Seng Tech Index closed at 4,871.32 points, down 0.79%; ▪ The China Enterprises Index closed at 8,681.83 points, down 1.41%. **Sector Performance** **Semiconductor Sector Surges Against the Trend, TianShuZhiXin Rises Over 21%** ▪ By the close, TianShuZhiXin (09903.HK) rose 21.09% to HKD 465; ▪ SMIC (00981.HK) rose 7.75% to HKD 70.9, with a turnover of HKD 11.4 billion; ▪ HuaHong Semiconductor (01347.HK) rose 5.27% to HKD 113.8, with a turnover of HKD 6.6 billion; ▪ Lanqi Technology (06809.HK) rose 3.14% to HKD 262.8. **Innovative Drug Sector Strengthens, Xinda Biologics Rises Nearly 6%** ▪ By the close, Xinda Biologics (01801.HK) rose 5.83% to HKD 89.85, with a turnover of HKD 1.5 billion; ▪ Kangfang Biologics (09926.HK) closed flat at HKD 136.2; ▪ WuXi Biologics (02269.HK) fell 2.83% to HKD 32.98. The sector showed significant differentiation, with Xinda Biologics leading the gains. **Tech Heavyweights Generally Adjust, Alibaba Falls Nearly 3%** ▪ By the close, Alibaba-W (09988.HK) fell 2.99% to HKD 126.7, with a turnover of HKD 9.2 billion; ▪ Tencent Holdings (00700.HK) fell 2.13% to HKD 469, with a turnover of HKD 15.7 billion; ▪ Xiaomi Group-W (01810.HK) fell 3.52% to HKD 29.08, with a turnover of HKD 7.7 billion; ▪ Kuaishou-W (01024.HK) fell 1.47% to HKD 42.88. Meituan-W (03690.HK) slightly rose 0.3% to HKD 83.4. ▪ In terms of news, Morgan Stanley released a research report indicating that Alibaba, with its comprehensive AI products, may become a major winner in China's AI sector. The newly launched Qwen3.6 performed excellently on the OpenRouter rankings, valuing the Qianwen AI business at USD 27 billion. On the same day, Alibaba launched two digital employee products, QoderWake and Qoder mobile, covering roles such as software engineers, operations, and analysts. However, U.S. pre-market trading saw Meta drop about 7%, dragging down tech sentiment, coupled with the Middle East situation reducing market risk appetite. **Chinese Banking Stocks Fall Collectively, ICBC Drops Nearly 2.5%** ▪ By the close, Industrial and Commercial Bank of China (01398.HK) fell 2.49% to HKD 7.04, with a turnover of HKD 2.9 billion; ▪ China Construction Bank (00939.HK) fell 2.11% to HKD 8.8, with a turnover of HKD 3.2 billion; ▪ Bank of China (03988.HK) fell 2.12% to HKD 5.07; ▪ Agricultural Bank of China (01288.HK) fell 1.78% to HKD 6.06; ▪ China Merchants Bank (03968.HK) fell 1.71%, closing at HKD 47.16. ▪ The situation in the Middle East has caused oil prices to soar, raising inflation expectations. The Federal Reserve has kept interest rates unchanged at 3.50%-3.75%, maintaining a wait-and-see approach, leading to further delays in market expectations for interest rate cuts. **Middle East tensions escalate, oil prices soar, but Hong Kong stock oil and gas stocks show divergence** ▪ As of the close, PetroChina (00857.HK) rose 1%, closing at HKD 12.1; CNOOC (00883.HK) slightly fell 0.34%, closing at HKD 29.28. In news, after reports emerged that the U.S. military plans to strike Iran, Brent crude oil rose as much as 7.1% to USD 126.41 per barrel, the highest level since June 2022. Nasdaq 100 futures gave up gains and turned flat, Asian currencies plunged, and global bond markets fell, with Japan's 10-year government bond yield rising to its highest level since 1997. **New energy vehicle sector shows divergence, BYD falls over 5%** ▪ As of the close, BYD Company (01211.HK) fell 5.63%, closing at HKD 102.2, with a turnover of HKD 3.3 billion; ▪ CATL (03750.HK) fell 2.87%, closing at HKD 609.5, with a turnover of HKD 4.5 billion. ▪ Geely Automobile (00175.HK) rose 2.42%, closing at HKD 22.88; Weichai Power (02338.HK) rose 6.59%, closing at HKD 38.5. **Top 10 by turnover** ▪ Tencent Holdings (700.HK) latest trading price HKD 467.80, down 2.38%, turnover HKD 1.798 billion ▪ SMIC (981.HK) latest trading price HKD 70.90, up 7.75%, turnover HKD 1.167 billion ▪ Alibaba -W (9988.HK) latest trading price HKD 126.00, down 3.52%, turnover HKD 1.118 billion ▪ Xiaomi Group -W (1810.HK) latest trading price HKD 29.02, down 3.72%, turnover HKD 829 million ▪ Yangtze Optical Fibre and Cable (6869.HK) latest trading price HKD 199.00, down 13.78%, turnover HKD 736 million ▪ Hua Hong Semiconductor (1347.HK) latest trading price HKD 114.10, up 5.55%, turnover HKD 683 million ▪ CATL (3750.HK) latest trading price HKD 608.00, down 3.11%, turnover HKD 527 million ▪ Meituan -W (3690.HK) latest trading price HKD 83.25, up 0.12%, turnover HKD 381 million ▪ BYD Company (1211.HK) latest trading price HKD 102.50, down 5.36%, turnover HKD 381 million ▪ China Construction Bank (939.HK) latest trading price HKD 8.78, down 2.34%, turnover HKD 376 million ### Related Stocks - [09903.HK](https://longbridge.com/en/quote/09903.HK.md) - [562590.CN](https://longbridge.com/en/quote/562590.CN.md) - [159546.CN](https://longbridge.com/en/quote/159546.CN.md) - [562820.CN](https://longbridge.com/en/quote/562820.CN.md) - [512480.CN](https://longbridge.com/en/quote/512480.CN.md) - [03132.HK](https://longbridge.com/en/quote/03132.HK.md) - [512760.CN](https://longbridge.com/en/quote/512760.CN.md) - [03033.HK](https://longbridge.com/en/quote/03033.HK.md) ## Related News & Research - [Shanghai Iluvatar CoreX Unveils New H Share Incentive Scheme](https://longbridge.com/en/news/281032444.md) - [ASPEED to Showcase OBMF-ICP over USB Solution for Streamlined Data Center Management at OCP EMEA Summit](https://longbridge.com/en/news/284613856.md) - [05:30 ETGIGABYTE erhält Red Dot Design Awards für mehrere Produkte seines KI-Portfolios](https://longbridge.com/en/news/285179698.md) - [Market Chatter: Anthropic in Discussions to Purchase AI Chips From Fractile](https://longbridge.com/en/news/285047656.md) - [Watch Intel, Duolingo, and More](https://longbridge.com/en/news/285221973.md)