---
title: "Hong Kong Stock Market | Hang Seng Tech Index fell 1.98%, technology and healthcare sectors plummeted"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40129571.md"
description: "Hong Kong stocks experienced a volatile pullback, with the Hang Seng Index falling 0.95% and the Hang Seng Tech Index dropping 1.98%. The pharmaceutical and technology sectors were generally under pressure, while the energy sector led the gains strongly. Southbound capital recorded a net inflow of HKD 8.598 billion, maintaining a net buying trend. On the market, large-cap tech and internet stocks collectively weakened, with Alibaba, Tencent, and Baidu leading the declines. The pharmaceutical sector faced profit-taking, with Akeso plunging over 10%, followed by drops in 3SBio, Zai Lab, and RemeGen. Institutional views point out that the current Hong Kong market is in a window of "triple-bottom resonance" in terms of earnings, valuation, and positioning. The market's future focus will be on earnings-driven factors..."
datetime: "2026-04-23T09:04:56.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40129571.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40129571.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40129571.md)
author: "[同壁财经](https://longbridge.com/en/profiles/26505347.md)"
---

# Hong Kong Stock Market | Hang Seng Tech Index fell 1.98%, technology and healthcare sectors plummeted

Hong Kong stocks experienced volatile corrections, with the Hang Seng Index falling 0.95% and the Hang Seng Tech Index dropping 1.98%. The pharmaceutical and technology sectors generally faced pressure, while the energy sector led the gains strongly. Southbound capital recorded a net inflow of HKD 8.598 billion, maintaining a net buying trend.

On the market, large-cap tech and internet stocks collectively weakened, with Alibaba, Tencent, and Baidu leading the declines. The pharmaceutical sector saw profit-taking, with Kangfang Bio plunging over 10%, followed by declines in Sansheng Pharmaceutical, Zaili Pharmaceutical, Rongchang Bio, and others.

Institutional views point out that the current Hong Kong stock market is in a window of "triple-bottom resonance" involving earnings, valuation, and positioning. The future market focus will be on earnings-driven performance, with key allocations in the AI industry chain, innovative drugs going global, and internet leaders, to seize opportunities for structural recovery.

AI-themed ETFs:

① Core China AI Assets — ChinaAMC Hang Seng Tech ETF (513180)

② High-Beta Tech — ChinaAMC HK Connect Tech ETF (159101)

③ Innovative Pharma Industry Chain — ChinaAMC Hang Seng Healthcare ETF (159892)

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