--- title: "The Hang Seng TECH Index fell by 1.63%, while the automotive sector strengthened | Hong Kong stock market closing review" type: "News" locale: "en" url: "https://longbridge.com/en/news/281493031.md" description: "On April 2nd, Hong Kong stocks fluctuated lower, with the Hang Seng Index closing down 0.7% and the Hang Seng TECH Index falling 1.63%. Major technology stocks generally declined, while the automotive sector performed strongly, with Chery Automobile rising over 15%. Several new energy vehicle companies reported a rebound in delivery data, with Leapmotor, Li Auto, and Nio all achieving significant growth. The oil and petrochemical sector also showed strong performance. In terms of individual stocks, Brain Co. B rose over 14%, and Yangtze Optical Fibre and Cable rose nearly 8%" datetime: "2026-04-02T08:39:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281493031.md) - [en](https://longbridge.com/en/news/281493031.md) - [zh-HK](https://longbridge.com/zh-HK/news/281493031.md) generator: "portal-rs" --- # The Hang Seng TECH Index fell by 1.63%, while the automotive sector strengthened | Hong Kong stock market closing review On April 2, Hong Kong stocks fluctuated lower, with the **Hang Seng Index closing down 0.7% and the Hang Seng TECH Index down 1.63%.** **Weighted technology stocks fell,** with Xiaomi Group down over 3% and Alibaba down over 3%. **AI application stocks led the decline,** with Zhizhu falling nearly 15% and MINIMAX-W down over 10%. **Chip stocks broadly declined,** with Shanghai Fudan down over 7%, Hua Hong Semiconductor down over 5%, and SMIC down over 3%. **The automotive sector strengthened,** with Chery Automobile up over 15%, Geely Automobile up over 8%, and Great Wall Motors up over 7%. > **In terms of news,** according to Caixin, several new energy vehicle companies saw a significant rebound in March delivery data, with Leapmotor achieving deliveries of 50,029 vehicles in March, a year-on-year increase of 34.87% and a month-on-month increase of 78.25%, continuing its leading position among new forces; Li Auto delivered 41,053 new vehicles in March, with year-on-year and month-on-month increases of 11.94% and 55.38%, respectively; Nio also exceeded quarterly guidance, completing deliveries of 35,486 vehicles in March, a year-on-year increase of 135.96% and a month-on-month increase of 70.63%. **The oil and petrochemical sector was strong,** with Changying Group (holding) up over 18%, Shandong Molong up over 16%, and Yuanheng Gas, Baijin Oil Services, and others following suit. > **In terms of news,** according to CCTV News, on April 2, U.S. President Trump stated that the U.S. did not need the Strait of Hormuz in the past and does not need it now. Additionally, Trump stated that if an agreement cannot be reached, the U.S. will launch a fierce attack on all Iranian power plants. Trump also mentioned that the U.S. is closely monitoring and controlling these facilities via satellite. If any unusual activity is detected, the U.S. will immediately launch missiles to deliver a "devastating" strike. #### Individual Stock Movements #### BrainCo-B surged over 14% during the session On April 2, BrainCo-B surged over 14% during the session, closing up 2.86%. In terms of news, BrainCo-B announced on the morning of April 2 that it has recently officially become a strategic partner of the Beijing Frontier Brain-Machine Interface Research Institute #### Yangtze Optical Fibre and Cable once rose nearly 8% during trading On April 2, Hong Kong stocks related to optical fibre once again strengthened, with Yangtze Optical Fibre and Cable rising nearly 8% during trading. As of 1:08 PM, the stock was up 4.14%. In terms of news, recently, Yangtze Optical Fibre and Cable announced its 2025 performance, showing that the company achieved revenue of 14.252 billion yuan in 2025, a year-on-year increase of 16.85%, and a net profit attributable to shareholders of 814 million yuan, a year-on-year increase of 20.40%. In the fourth quarter, the company achieved a net profit attributable to shareholders of 344 million yuan, a year-on-year increase of 234.23%. #### March sales increased by 15% year-on-year, Chery Automobile rose over 15% On April 2, Chery Automobile fluctuated upward, closing up 15.26%. In terms of news, Chery Automobile announced on April 1 that its sales in March reached 228,000 vehicles, a year-on-year increase of 15%; total sales for the first quarter reached 566,000 vehicles ### Related Stocks - [516380.CN](https://longbridge.com/en/quote/516380.CN.md) - [03032.HK](https://longbridge.com/en/quote/03032.HK.md) - [03033.HK](https://longbridge.com/en/quote/03033.HK.md) - [DRIV.US](https://longbridge.com/en/quote/DRIV.US.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [000550.CN](https://longbridge.com/en/quote/000550.CN.md) - [03067.HK](https://longbridge.com/en/quote/03067.HK.md) - [600741.CN](https://longbridge.com/en/quote/600741.CN.md) - [09863.HK](https://longbridge.com/en/quote/09863.HK.md) - [515030.CN](https://longbridge.com/en/quote/515030.CN.md) - [NIO.SG](https://longbridge.com/en/quote/NIO.SG.md) - [02015.HK](https://longbridge.com/en/quote/02015.HK.md) - [09866.HK](https://longbridge.com/en/quote/09866.HK.md) - [NIO.US](https://longbridge.com/en/quote/NIO.US.md) ## Related News & Research - [HSCEI Constituents Unchanged in Quarterly Review; HSTECH To Add ILUVATAR COREX, Oust TONGCHENGTRAVEL](https://longbridge.com/en/news/296604162.md) - [Chinese EV Maker Leapmotor Is Out of 'Survival Warning' Phase, Founder Says](https://longbridge.com/en/news/295747033.md) - [Leapmotor tops 100,000 monthly deliveries for first time](https://longbridge.com/en/news/294569559.md) - [Leapmotor's sub-$10,000 A10 SUV hits 100,000-unit production milestone 135 days after launch](https://longbridge.com/en/news/295178947.md) - [Leapmotor issues supplemental disclosure on 2025 share option scheme mandate limit of 32 million H shares](https://longbridge.com/en/news/294663762.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**