Hong Kong stock market closing | The Hang Seng Index fell 0.81% to close at 24,750 points, the technology index plummeted, while Yangtze Optical Fibre and Cable rose against the trend

Market Overview

Today, the three major indices of the Hong Kong stock market fell sharply across the board, with market sentiment clearly weakening.

▪ The Hang Seng Index closed at 24,750.79 points, with a daily decline of 0.81%;

▪ The Hang Seng Tech Index closed at 4,690.08 points, plummeting 1.84%;

▪ The China Enterprises Index closed at 8,399.12 points, down 0.65%.

Currently, all three major indices are in a correction phase, failing to break through the peak reached on March 27, with a clear short-term pressure trend.

Sector Performance

▪ The internet content and information sector collectively declined. Tencent Holdings fell 2.39%, closing at HKD 481.60, with a transaction volume of HKD 1.367 billion. Kuaishou-W and Baidu Group-SW dropped 2.30% and 2.58%, respectively. Affected by the adjustment of AI asset valuations, investor risk appetite has decreased, showing signs of capital outflow from the sector.

▪ The video game and multimedia sector continued to be weak. NetEase-S fell 0.40%, Kingsoft dropped 3.79%, and Xindong Company fell 1.41%. Although NetEase was supported by buybacks and had active trading, major funds remained cautiously observant of performance pressures.

▪ The retail sector saw a slight decline. Pop Mart fell 0.60%, reporting HKD 148.70; Chow Tai Fook dropped 0.18%, and China Duty Free fell 1.69%. Affected by the adjustment of gold prices and the release of annual reports, the overall consumer side is under pressure, with capital performance becoming conservative.

Macroeconomic Background

▪ Since March, the Hong Kong stock market has focused on key macro indicators such as the annual import rate, reflecting the impact of import and export trade on the economy. Investors are closely monitoring changes in trade data and related policy dynamics to capture potential opportunities for economic recovery and market valuation. Current changes in economic indicators dominate market expectations, with significant fluctuations in risk appetite.

Popular Stocks

▪ Yangtze Optical Fibre and Cable (6869.HK) closed up 14.34%, with the latest transaction price at HKD 197.00 and a transaction volume of HKD 6.741 billion. The company has no latest news, but strong inflows of major funds have driven a rebound in technology manufacturing stocks, making it the strongest performer in the market throughout the day.

▪ Great Wall World (524.HK) rose 34.09%, with a transaction volume of HKD 22.95 million. Although there is no latest news, it continues to attract capital, with short-term trading heat increasing, indicating enhanced capital attraction for small-cap, high-volatility stocks.

▪ Deutsche Bank World (2418.HK) rose 30.73%, with a transaction volume of HKD 6.52 million. The company's latest annual report shows a year-on-year increase in operating income, while net profit has significantly dropped to HKD 68.292 million, and it plans to distribute a final dividend. Despite profit pressures, the short-term capital speculation atmosphere is strong.

▪ Gansu Bank (2139.HK) rose 27.45%, with a transaction volume of HKD 16.70 million. The 2025 annual report disclosed a year-on-year increase in net profit of 1.1%, an increase in asset scale, and a stable non-performing loan ratio. Steady performance has boosted market confidence, attracting incremental capital attention.

▪ MIRXES-B (2629.HK) surged 23.69%, with a transaction volume of HKD 992 million. There are no new events catalyzing this, but recent capital activity has been sustained, increasing market attention Top 10 Market Transaction Amounts

▪ Tencent Holdings (700.HK) down 2.39%, transaction amount HKD 1.367 billion, latest transaction price HKD 481.60

▪ Alibaba-W (9988.HK) down 1.71%, transaction amount HKD 964 million, latest transaction price HKD 120.50

▪ Pop Mart (9992.HK) down 0.60%, transaction amount HKD 751 million, latest transaction price HKD 148.70

▪ Yangtze Optical Fibre and Cable (6869.HK) up 14.34%, transaction amount HKD 674 million, latest transaction price HKD 197.00

▪ BYD Company (1211.HK) down 0.66%, transaction amount HKD 573 million, latest transaction price HKD 105.80

▪ Meituan-W (3690.HK) down 1.98%, transaction amount HKD 509 million, latest transaction price HKD 84.20

▪ Xiaomi Group-W (1810.HK) down 1.88%, transaction amount HKD 472 million, latest transaction price HKD 32.38

▪ China National Offshore Oil Corporation (883.HK) down 0.55%, transaction amount HKD 423 million, latest transaction price HKD 28.90

▪ Semiconductor Manufacturing International Corporation (981.HK) down 2.10%, transaction amount HKD 404 million, latest transaction price HKD 51.40

▪ China Construction Bank (939.HK) up 1.85%, transaction amount HKD 392 million, latest transaction price HKD 8.24