--- title: "Hong Kong stocks intraday | The three major indices continue to decline, the Hang Seng Tech drops over 2%, automotive and semiconductor sectors fall together, while AI concepts remain active against the trend" type: "News" locale: "en" url: "https://longbridge.com/en/news/286724294.md" description: "On the afternoon of May 18th, the Hong Kong stock market continued its weak downward trend, with the Hang Seng Technology Index plunging over 2%. Pressured by both geopolitical tensions and soaring U.S. Treasury yields, technology heavyweights, automotive, and semiconductor sectors generally faced sharp declines, with Li Auto dropping nearly 14% and SMIC falling over 3%. On the other hand, the logic of high industrial prosperity continued to ferment, with optical fiber and cable and AI concept stocks rising against the trend; additionally, some small-cap stocks experienced significant fluctuations, with Jin Hui Holdings soaring over 55%" datetime: "2026-05-18T06:33:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286724294.md) - [en](https://longbridge.com/en/news/286724294.md) - [zh-HK](https://longbridge.com/zh-HK/news/286724294.md) --- # Hong Kong stocks intraday | The three major indices continue to decline, the Hang Seng Tech drops over 2%, automotive and semiconductor sectors fall together, while AI concepts remain active against the trend **Market Overview** ▪ During intraday trading, the three major indices of the Hong Kong stock market continued to decline, with active trading in the market; ▪ The Hang Seng Index reported 25,561.340 points, down 1.55%; ▪ The Hang Seng Tech Index reported 4,820.100 points, down 2.45%; ▪ The China Enterprises Index reported 8,564.020 points, down 1.46%. **Sector Performance and Hot Stocks** **The new energy vehicle sector significantly corrected, with Li Auto leading the decline** ▪ Li Auto-W (02015.HK) plummeted 13.89%, closing at HKD 65.1, with a trading volume of about HKD 3 billion; ▪ Leapmotor (09863.HK) fell nearly 9%; Geely Automobile (00175.HK) dropped nearly 5%; BYD Company (01211.HK) decreased by nearly 3%. The intelligent driving concept stock Horizon Robotics-W (09660.HK) also fell over 6%. **The semiconductor sector weakened along with the market, facing cooling in overseas supply chains** ▪ SMIC (00981.HK) fell 3.51%, closing at HKD 68.65, with a trading volume of about HKD 6.4 billion; ▪ Tianyu Advanced (02631.HK) dropped over 8%; Lattice Semiconductor (06809.HK) fell nearly 2%; Hua Hong Semiconductor (01347.HK) decreased by nearly 1%. **Optical fiber and cable and AI concepts rose against the trend, with computing power chains maintaining high prosperity** ▪ Yangtze Optical Fibre and Cable (06869.HK) rose over 4%, closing at HKD 232.2; ▪ Shenghong Technology (02476.HK) increased over 7%, Zhaoyi Innovation (03986.HK) rose nearly 6%; Zhizhu (02513.HK) gained over 6%. **Tech weights, real estate, and large financial sectors generally under pressure** ▪ Tencent Holdings (00700.HK) fell 2.06%, Alibaba-W (09988.HK) dropped 0.98%; ▪ China Resources Land (01109.HK) fell over 6%; HSBC Holdings (00005.HK) and AIA Group (01299.HK) both decreased nearly 2%. **Individual Stock Movements** ▪ Jin Hui Holdings (09993.HK) surged 55.51%, closing at HKD 4.09, with a trading volume of about HKD 2.7 billion; Wuyi Vision (06651.HK) rose over 33%; Ocean Park Hong Kong (02255.HK) increased over 25%. **Macroeconomic Background** ▪ Macroeconomic liquidity under pressure: The 30-year U.S. Treasury yield surpassed 5.1%, with global bond yields generally rising, directly exerting valuation pressure on interest rate-sensitive sectors such as technology and real estate in the Hong Kong stock market. ▪ Disruption in overseas semiconductor supply chains: Samsung Electronics is facing an unprecedented large-scale strike crisis, with nearly 47,000 workers planning to strike for 18 days, posing significant potential losses and directly dragging down semiconductor sentiment in the Asia-Pacific region, with the Seoul Composite Index plummeting over 10% in two days. ▪ Long-term positive outlook for the AI industry: IDC predicts that China's AI application public cloud service market will exceed 13.7 billion yuan by 2025; combined with expectations of TSMC's CPO plan soon entering mass production and a surge in demand for ABF substrates, the AI hardware and application sectors have become a rare safe haven in today's weak market **Market Trading Volume TOP10** ▪ TRACKER FUND (02800.HK) Latest trading price HKD 25.76, down 1.38%, trading volume HKD 15.9 billion ▪ Alibaba-W (09988.HK) Latest trading price HKD 131.00, down 0.98%, trading volume HKD 10.1 billion ▪ Tencent Holdings (00700.HK) Latest trading price HKD 447.00, down 2.06%, trading volume HKD 9.6 billion ▪ SMIC (00981.HK) Latest trading price HKD 68.65, down 3.51%, trading volume HKD 6.4 billion ▪ CSOP HSI Tech (03033.HK) Latest trading price HKD 4.726, down 2.15%, trading volume HKD 5.9 billion ▪ Hang Seng China Enterprises (02828.HK) Latest trading price HKD 87.92, down 1.32%, trading volume HKD 5.6 billion ▪ FI2 CSOP HSI (07709.HK) Latest trading price HKD 90.18, down 0.81%, trading volume HKD 5.2 billion ▪ Li Auto-W (02015.HK) Latest trading price HKD 65.10, down 13.89%, trading volume HKD 3 billion ▪ Jin Hui Holdings (09993.HK) Latest trading price HKD 4.09, up 55.51%, trading volume HKD 2.7 billion ▪ Xiaomi Group-W (01810.HK) Latest trading price HKD 30.50, down 0.65%, trading volume HKD 2.6 billion ### Related Stocks - 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