Hong Kong stocks widened losses at the close, with the Hang Seng Tech Index plunging as much as 2.6% before ending 2.25% lower. At close, HSI fell by 1.36% to 16,392, HSTECH fell by 2.25% to 3,393, and HSCEI dropped by 1.67% to 5,728.
Large-cap tech stocks, financials, and state-owned enterprises mostly fell, dragging the market down. Baidu nearly fell by 5%, with Meituan, JD.com, and Alibaba also slipping. Automotive stocks dropped amid a slow recovery in March vehicle sales, with new energy vehicle stocks leading the fall, impacting lithium battery and Tesla-related stocks. Semiconductor, sportswear, heavy machinery, oil, and gaming stocks also fell.
Conversely, gold stocks defied the downtrend amid expectations of the Fed's interest rate cut cycle lifting the gold price baseline, while pork concept stocks and some port and shipping shares rose.
HSTECH Movements:
Top 10 stocks ranked by price change within the 80% stocks by turnover
| Rank | Symbol | Price | %Chg | Turnover | Capitalization |
|---|---|---|---|---|---|
| No.1 | 00020 SENSETIME-W |
HK$0.700 | -10.26% | HK$386.079 million | HK$23.428 billion |
| No.2 | 06060 ZA ONLINE |
HK$12.720 | +7.43% | HK$133.857 million | HK$18.696 billion |
| No.3 | 09868 XPENG-W |
HK$32.100 | -6.28% | HK$486.711 million | HK$60.634 billion |
| No.4 | 01797 EAST BUY |
HK$20.900 | -5.43% | HK$184.731 million | HK$21.526 billion |
| No.5 | 02382 SUNNY OPTICAL |
HK$39.550 | -4.81% | HK$723.792 million | HK$43.377 billion |
| No.6 | 09888 BIDU-SW |
HK$99.450 | -4.74% | HK$1.058 billion | HK$278.120 billion |
| No.7 | 06618 JD HEALTH |
HK$27.200 | -4.06% | HK$155.357 million | HK$86.744 billion |
| No.8 | 03888 KINGSOFT |
HK$23.400 | -3.70% | HK$172.276 million | HK$31.337 billion |
| No.9 | 09626 BILIBILI-W |
HK$81.750 | -3.60% | HK$374.582 million | HK$33.720 billion |
| No.10 | 01810 XIAOMI-W |
HK$14.760 | -3.53% | HK$2.166 billion | HK$368.238 billion |
HSI & HSCEI Movements:
Top 10 stocks ranked by price change within the 20% stocks by turnover
| Rank | Symbol | Price | %Chg | Turnover | Capitalization |
|---|---|---|---|---|---|
| No.1 | 02313 SHENZHOU INTL |
HK$72.700 | +10.49% | HK$1.263 billion | HK$109.284 billion |
| No.2 | 01211 BYD COMPANY |
HK$202.800 | -6.11% | HK$4.248 billion | HK$590.380 billion |
| No.3 | 02015 LI AUTO-W |
HK$117.500 | -3.53% | HK$1.164 billion | HK$249.337 billion |
| No.4 | 01299 AIA |
HK$52.550 | -3.13% | HK$3.575 billion | HK$593.481 billion |
| No.5 | 03690 MEITUAN-W |
HK$91.100 | -2.46% | HK$3.005 billion | HK$567.982 billion |
| No.6 | 09618 JD-SW |
HK$102.200 | -2.39% | HK$880.146 million | HK$324.963 billion |
| No.7 | 09988 BABA-SW |
HK$68.800 | -2.13% | HK$4.547 billion | HK$1412.190 billion |
| No.8 | 00883 CNOOC |
HK$17.600 | -2.00% | HK$1.363 billion | HK$837.175 billion |
| No.9 | 00388 HKEX |
HK$228.800 | -1.80% | HK$1.489 billion | HK$290.081 billion |
| No.10 | 00939 CCB |
HK$4.800 | -1.44% | HK$1.379 billion | HK$1200.053 billion |
HSMI & HSSI Movements:
Top 10 stocks ranked by price change within the 20% stocks by turnover
| Rank | Symbol | Price | %Chg | Turnover | Capitalization |
|---|---|---|---|---|---|
| No.1 | 09698 GDS-SW |
HK$5.660 | -26.49% | HK$141.489 million | HK$8.628 billion |
| No.2 | 09959 LINKLOGIS-W |
HK$1.440 | +20.00% | HK$214.988 million | HK$3.290 billion |
| No.3 | 06606 NH HEALTH |
HK$14.140 | -19.75% | HK$85.357 million | HK$6.473 billion |
| No.4 | 06078 HYGEIA HEALTH |
HK$30.500 | +15.97% | HK$312.202 million | HK$19.261 billion |
| No.5 | 01316 NEXTEER |
HK$3.570 | +10.19% | HK$108.990 million | HK$8.960 billion |
| No.6 | 01579 YIHAI INTL |
HK$14.500 | +9.02% | HK$236.179 million | HK$15.032 billion |
| No.7 | 06049 POLY PPT SER |
HK$27.050 | +8.63% | HK$184.052 million | HK$14.968 billion |
| No.8 | 09863 LEAPMOTOR |
HK$23.100 | -8.33% | HK$87.237 million | HK$30.884 billion |
| No.9 | 06990 SKB BIO-B |
HK$148.200 | -7.72% | HK$88.336 million | HK$32.485 billion |
| No.10 | 02669 CHINA OVS PPT |
HK$4.230 | -6.00% | HK$238.958 million | HK$13.903 billion |
The Biggest Moves:
Top 10 stocks ranked by price change within the 20% stocks by turnover
Here are stocks making the biggest moves on Wednesday at close:
Top 10 Gainers
Top 10 Losers
Editor's note: This content was generated by M+ Global's in-house AI-enabled SaaS tool and was reviewed by our editing team.
Disclaimer:
The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.
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