---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40129339.md"
description: "On April 24th, the Hong Kong stock market continued its weak and volatile trend, with all three major indices closing slightly lower, reflecting cautious market sentiment. The Hang Seng Index closed at 25915.2 points, down 0.95%; the Hang Seng Tech Index closed at 4865.52 points, down 1.98%; the HSCEI fell 0.79%. The total daily turnover was HKD 224.56 billion, indicating stable trading volume.The market was broadly lower: tech, new energy vehicle, and gold sectors led the decline. Meituan, Kuaishou, and NetEase fell over 1.5%, XPeng continued to drop over 3%, and Lingbao Gold fell over 4%. The oil and petrochemical sectors bucked the downtrend, with PetroChina and CNOOC rising over 2.5%, and Shandong Molong surging over 10%. Chip stocks were generally weak, with Hua Hong falling over 5%.Reasons for the adjustment: repeated geopolitical risks in the Middle East, coupled with rising US Treasury yields pressuring valuations of growth stocks, have sustained risk-off sentiment. Southbound capital recorded a net outflow of HKD 1.532 billion, indicating continued modest outflows from mainland funds. In the short term, the HSI will focus on the support level at 25600 points and resistance at 26000 points, while the Tech Index will watch the 4750-point mark closely. The weak and volatile pattern is expected to continue."
datetime: "2026-04-23T08:52:53.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40129339.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40129339.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40129339.md)
author: "[不割韭菜](https://longbridge.com/en/profiles/27383081.md)"
---

# On April 24th, the Hong Kong stock market continue…


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