Hong Kong stock market closing | Hang Seng Index fell 1.37%, semiconductor sector surged against the trend, technology weights and bank stocks broadly declined

On April 30th, the three major indices of the Hong Kong stock market fluctuated and fell, with the Hang Seng Index closing down 1.28% at 25,776.53 points. The escalating situation in the Middle East and the delayed expectations for a Federal Reserve interest rate cut have intensified market risk aversion, leading to a general pullback in technology heavyweight stocks, domestic bank stocks, and the new energy vehicle sector. Although Alibaba was favored by institutions due to the potential of its AI business and launched a digital employee product, it fell nearly 3% due to external sentiment. In contrast, the semiconductor sector, driven by leaders such as ILUVATAR COREX and SMIC, surged against the trend, becoming a major capital attraction in the market that day