--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/40319438.md" description: "April 30 Hong Kong Stock Market Close: HSI Plunges 1.28%, Monthly Line Closes in the Green, Chips Buck the Trend and Strengthen, Tech and Auto Lead DeclinesApril 30 marked the final trading day of April for Hong Kong stocks, with all three major indices closing lower and weakening throughout the day. At the close, the Hang Seng Index was at 25,776.53 points, down 335.31 points or 1.28%; the Hang Seng Tech Index was at 4,871.32 points, down 38.70 points or 0.79%; the H-share Index performed the weakest, closing at 8,681.83 points, down 1.41%. The main board turnover for the day reached HK$291.553 billion, with strong profit-taking sentiment, intensifying sector divergence. However, all three indices closed the month in the green, with the HSI up 3.99% for the month and the Hang Seng Tech Index up 4.76%.At the sector level, chip semiconductors led gains against the market trend, while tech, auto, and non-ferrous metals slumped. The chip sector was the only strong main theme today, with SMIC surging 7.98%, Hua Hong Semiconductor up 5.12%, Biren Technology and Tianshu Zhixin up 8.1% and 21.3% respectively. The logic of AI computing power demand and domestic substitution continues to develop, with funds clustering in the hard tech track. Parts of the consumer sector were active, with Mengniu Dairy up 3.2%. Domestic substitution in dairy products is favored by institutions, and expectations of domestic demand recovery supported some stocks. The insurance sector was resilient, with China Life Insurance closing slightly higher, highlighting its low-valuation defensive attributes.Weak sectors were concentrated in tech giants, new energy vehicles, and non-ferrous metals. Large-cap tech stocks collectively corrected, with Alibaba-SW down 3.52%, Xiaomi Group-W down 3.72%, Tencent Holdings and Bilibili-SW down over 2%. Weakness in heavyweight stocks dragged down the indices, with only NetEase-S bucking the trend to rise 2.3%. New energy vehicle stocks led declines, with BYD down 4.8%, Nio-SW and Li Auto also falling. Intensifying industry competition combined with profit-taking by funds. The non-ferrous metals sector slumped, with Chifeng Gold down 5.3% and China Hongqiao down over 4%, suppressed by commodity price volatility.Individual stock divergence was extreme, with small-cap stock movements and heavyweight weakness coexisting. On the gainers' list, Culturecom rose 24.6%, and China Goldjoy Group rose 21.43%. Multiple small-cap stocks moved on news, highlighting liquidity premiums. On the losers' list, some small-cap stocks plunged, with Yongtai Biotech-B continuing its weakness. Additionally, heavyweight stocks like Tingyi (Cayman Islands) Holding and Xinyi Glass were among the top decliners, dragging down the broader market.In terms of market sentiment, Hong Kong stocks exhibited characteristics of "end-of-month position adjustments, main theme divergence, and a defensive focus." Last night, overseas markets were stable, but Hong Kong stocks faced profit-taking after the April rebound, with funds shifting from high-valuation tech and auto stocks to low-valuation chips and insurance sectors. In the short term, with the May Day holiday approaching, investor caution is rising, and trading may become subdued. Going forward, key focus will be on the realization of Mainland China's May economic data, the landing of AI chip orders, and changes in overseas liquidity. Caution is warranted regarding the risk of corrections in high-flying stocks and volatility in small-cap stocks. Focus should be on sectors with clear earnings, low valuations, and high growth prospects.$Hang Seng Index(00HSI.HK) $Hang Seng China Enterprises Index(HSCEI.HK) $Hang Seng TECH Index(STECH.HK)" datetime: "2026-04-30T09:30:21.000Z" locales: - [en](https://longbridge.com/en/topics/40319438.md) - [zh-CN](https://longbridge.com/zh-CN/topics/40319438.md) - [zh-HK](https://longbridge.com/zh-HK/topics/40319438.md) author: "[老金Kim](https://longbridge.com/en/profiles/26499454.md)" --- # April 30 Hong Kong Stock Market Close: HSI Plunges… ### Related Stocks - [02015.HK](https://longbridge.com/en/quote/02015.HK.md) - [09903.HK](https://longbridge.com/en/quote/09903.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [00343.HK](https://longbridge.com/en/quote/00343.HK.md) - [08281.HK](https://longbridge.com/en/quote/08281.HK.md) - [00868.HK](https://longbridge.com/en/quote/00868.HK.md) - [09999.HK](https://longbridge.com/en/quote/09999.HK.md) - [09899.HK](https://longbridge.com/en/quote/09899.HK.md) - [06978.HK](https://longbridge.com/en/quote/06978.HK.md) - [07500.HK](https://longbridge.com/en/quote/07500.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [07200.HK](https://longbridge.com/en/quote/07200.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [HSCEI.HK](https://longbridge.com/en/quote/HSCEI.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [07552.HK](https://longbridge.com/en/quote/07552.HK.md) - [03032.HK](https://longbridge.com/en/quote/03032.HK.md) - [07226.HK](https://longbridge.com/en/quote/07226.HK.md) - [03033.HK](https://longbridge.com/en/quote/03033.HK.md) - [513130.CN](https://longbridge.com/en/quote/513130.CN.md) - [LI.US](https://longbridge.com/en/quote/LI.US.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [NTES.US](https://longbridge.com/en/quote/NTES.US.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [00322.HK](https://longbridge.com/en/quote/00322.HK.md) - [06082.HK](https://longbridge.com/en/quote/06082.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [01378.HK](https://longbridge.com/en/quote/01378.HK.md) - [03067.HK](https://longbridge.com/en/quote/03067.HK.md) - [03088.HK](https://longbridge.com/en/quote/03088.HK.md) - [159742.CN](https://longbridge.com/en/quote/159742.CN.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [02319.HK](https://longbridge.com/en/quote/02319.HK.md) - [09626.HK](https://longbridge.com/en/quote/09626.HK.md) - [06693.HK](https://longbridge.com/en/quote/06693.HK.md) - [600988.CN](https://longbridge.com/en/quote/600988.CN.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [09866.HK](https://longbridge.com/en/quote/09866.HK.md)