Hong Kong Stock Market Afternoon Review: Hang Seng Index down 1.1%, Tech Index down 2.2%, Internet and Chip Stocks broadly decline, Pork Stocks rise against the trend

MaticHoleFiller · 2026-04-11T18:53:10+00:00

On April 2nd, the three major Hong Kong stock indices generally declined, with the Hang Seng Index falling 1.1%. Technology stocks plummeted, with Xiaomi, Alibaba, and other major companies dropping significantly. Pork stock Deke Agricultural and Animal Husbandry rose nearly 6% due to policy support. Airline stocks retreated, with China Eastern Airlines dropping over 4%. Chip stocks fell sharply amid subdued market sentiment, but analysts believe a reversal may occur in the future.

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2026-04-11 18:53:10

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April 2 News: The three major Hong Kong stock indices all declined. At midday, the Hang Seng Index fell 1.1%, closing at 25,016.36; the Hang Seng Tech Index dropped 2.2%; and the H-shares Index decreased 0.99%. In the market, tech stocks collectively declined, with Xiaomi down over 4%, Alibaba and Meituan down over 3%, Bilibili and Kuaishou down over 2%; pork stocks rebounded, with DeKang Agriculture and Animal Husbandry rising nearly 6%; airline stocks pulled back, with China Eastern Airlines dropping over 4%; chip stocks declined, with Huahong Semiconductor falling over 5%.

Pork stocks rebounded, with DeKang Agriculture and Animal Husbandry rising nearly 6%. To maintain stable pork market operations and better leverage the central reserve’s regulatory role, the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance are currently conducting central reserve frozen pork stockpiling. Next, the Ministry of Commerce will continue to closely monitor pork market trends, strengthen trend analysis, coordinate with relevant departments to manage reserves and regulation, and ensure market stability.

Airline stocks pulled back, with China Eastern Airlines dropping over 4%. U.S. President Trump delivered a televised speech this morning on the Middle East situation, warning that the U.S. will launch very severe strikes against Iran within the next two to three weeks, even threatening to bomb local power plants if no agreement is reached. His remarks hardened, reducing market hopes for a quick end to the war. As a result, international oil prices surged significantly.

Chip stocks declined, with Huahong Semiconductor falling over 5%. Memory stocks experienced concentrated declines in March, with concerns over TurboQuant impacts, cloud service expenditures, and compounded geopolitical risks pushing sentiment to a freezing point. However, JPMorgan characterized this decline as “a divergence between sentiment and fundamentals”—currently, Samsung and SK Hynix are trading at only 1.1 times FY27 price-to-book ratios, making valuations highly attractive. Foreign investors sold 640 trillion won worth of Korean stocks, while retail

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