--- title: "Hong Kong Stock Market Midday Review | Hang Seng Index Down 1.1% Hovering Around 25,000 Points, Tech Stocks Weak, Xiaomi Down Over 4%" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/281463493.md" description: "As of midday on April 2, Hong Kong's three major stock indices saw a general pullback, with market risk aversion sentiment rising. The Hang Seng Index fell 1.1% and hovered around the 25,000-point mark, while the Hang Seng TECH Index dropped 2.2%, leading the market decline. The hardware and retail sectors experienced significant downturns, with leading stocks such as Xiaomi Corporation and Alibaba collectively falling. The telecommunications sector showed mixed performance, with YOFC surging against the trend on positive 6G news. Overall market sentiment was cautious, with short-term funds monitoring support levels" datetime: "2026-04-02T04:13:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281463493.md) - [en](https://longbridge.com/en/news/281463493.md) - [zh-HK](https://longbridge.com/zh-HK/news/281463493.md) --- > 支持的语言: [English](https://longbridge.com/en/news/281463493.md) | [繁體中文](https://longbridge.com/zh-HK/news/281463493.md) # Hong Kong Stock Market Midday Review | Hang Seng Index Down 1.1% Hovering Around 25,000 Points, Tech Stocks Weak, Xiaomi Down Over 4% **Market Overview** ▪ As of midday on April 2, Hong Kong's three major stock indices weakened collectively, with limited recovery in the morning session and cautious sentiment. ▪ The Hang Seng Index was at 25016.36, down 1.1%, failing to set a new phase high and retreating from the April 1 high, hovering around the 25,000-point level. ▪ The Hang Seng TECH Index was at 4651.78, down 2.2%, failing to continue its phase high from April 1, with a notable pullback among the three major indices. ▪ The H-shares Index was at 8420.66, down 0.99%, also failing to break through its phase high and experiencing a slight pullback from the April 1 high. ▪ As of press time, none of the three major indices have refreshed their phase highs. Short-term focus is on the pressure from previous highs and the defense of key levels. **Sector Performance** ▪ The hardware, storage, and peripherals sectors declined overall in the morning session. Influenced by market risk aversion, leading stock Xiaomi Corporation saw a significant adjustment, falling by 4.12%. Lenovo Group and Lenovo Holdings also retreated, indicating a short-term decrease in fund allocation appetite for this sector. ▪ Retail stocks collectively weakened, with core heavyweight Alibaba down 3.50%. JD.com also saw a notable decline, while Miniso continued its weak performance. The market remains cautious about the sustainability of consumption recovery, with clear signs of capital outflow. ▪ The telecommunications equipment sector experienced significant volatility. YOFC surged by 5.06% against the trend on news of winning a bid and 6G innovation, with trading volume exceeding 3.1 billion. However, most other mainstream stocks in the sector were dragged down by the broader market, mainly experiencing consolidation and adjustments. **Macroeconomic Background** ▪ Hong Kong stocks have maintained a range-bound trend in recent months, with stable performance in macroeconomic data such as exports, consumption, and unemployment. The market is currently awaiting further policy direction and changes in the external environment. The trend of the RMB exchange rate and unexpected overseas events are becoming important variables influencing subsequent capital risk appetite. **Hot Stocks** ▪ CanSino Biologics (2162.HK) closed up 5.37% as of midday, with a trading volume of 359 million Hong Kong dollars, showing a bright performance against the trend. ▪ Lepu Pharma (2186.HK) closed up 5.54%, with a trading volume of 354 million Hong Kong dollars, attracting some safe-haven funds. ▪ Aluminum Corporation of China (2600.HK) closed up 1.88%, with a trading volume of 342 million Hong Kong dollars. ▪ Chery Automobile (9973.HK) showed strong gains, closing up 6.98%, with a trading volume of 318 million Hong Kong dollars. ▪ Jinxin Fertility (3858.HK) closed slightly down by 0.96%, with a trading volume of 346 million Hong Kong dollars. **Top 10 Market Trading Volumes** ▪ Xiaomi Corporation -W (01810.HK) latest trading price 30.7 HKD, decline 4.12%, trading volume 4.268 billion ▪ Alibaba -W (09988.HK) latest trading price 118.4 HKD, decline 3.50%, trading volume 4.189 billion ▪ YOFC (06869.HK) latest trading price 195.3 HKD, increase 5.06%, trading volume 3.168 billion ▪ Tencent Holdings (00700.HK) latest trading price 488.4 HKD, decline 1.65%, trading volume 3.162 billion ▪ CNOOC (00883.HK) latest trading price 27.18 HKD, increase 0.82%, trading volume 2.886 billion ▪ Geely Automobile (00175.HK) latest trading price 23.4 HKD, increase 6.46%, trading volume 2.175 billion ▪ Meituan -W (03690.HK) latest trading price 79.4 HKD, decline 3.11%, trading volume 2.027 billion ▪ Zhipu (02513.HK) latest trading price 792.5 HKD, decline 13.39%, trading volume 1.832 billion ▪ SMIC (00981.HK) latest trading price 50.35 HKD, decline 4.73%, trading volume 1.623 billion ▪ BYD Company (01211.HK) latest trading price 102.4 HKD, decline 2.20%, trading volume 1.594 billion ### 相关股票 - [YOFC (601869.CN)](https://longbridge.com/zh-CN/quote/601869.CN.md) - [KraneShares 2x Long BABA Daily ETF (KBAB.US)](https://longbridge.com/zh-CN/quote/KBAB.US.md) - [Hang Seng Index (00HSI.HK)](https://longbridge.com/zh-CN/quote/00HSI.HK.md) - [YOFC (06869.HK)](https://longbridge.com/zh-CN/quote/06869.HK.md) - [Hang Seng TECH Index (STECH.HK)](https://longbridge.com/zh-CN/quote/STECH.HK.md) - [BABA 2x Long Daily ETF - GraniteShares (BABX.US)](https://longbridge.com/zh-CN/quote/BABX.US.md) - [Xiaomi Corporation (XIACY.US)](https://longbridge.com/zh-CN/quote/XIACY.US.md) - [XIAOMI-W (01810.HK)](https://longbridge.com/zh-CN/quote/01810.HK.md) - [Alibaba (BABA.US)](https://longbridge.com/zh-CN/quote/BABA.US.md) - [BABA-W (09988.HK)](https://longbridge.com/zh-CN/quote/09988.HK.md) ## 相关资讯与研究 - [Sany Heavy Equipment Proposes HKD 0.35 Final Dividend for 2025](https://longbridge.com/zh-CN/news/281232296.md) - [Yangtze Optical Fibre and Cable Joint Stock Co (YZOFF): New Buy Recommendation for This Technology Giant](https://longbridge.com/zh-CN/news/281394871.md) - [Guangdong-HKGBA Returns to Profitability in 2025](https://longbridge.com/zh-CN/news/281116626.md) - [09:19 ETTripo AI Announces $50 Million in Funding and New Models for Production-Ready 3D Generation](https://longbridge.com/zh-CN/news/280480982.md) - [Market Chatter: Alibaba-Backed Moonshot AI Eyeing Hong Kong IPO](https://longbridge.com/zh-CN/news/280616199.md)