Hong Kong’s Hang Seng Index fell 1.28% on April 30, while the Hang Seng Tech Index declined 0.79% at market close.
Chip stocks bucked the broader decline, with Birentech rising over 8%, SMIC up over 7%, and Huahong Semiconductor gaining over 5%. Tech stocks weakened, including Alibaba down over 3%, Tencent and Bilibili down over 2%, and Baidu down 1%.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Spot Bitcoin ETFs Record $334.6M Inflows Overnight; Ethereum ETFs Add 23,039 ETH
According to aggregated flow data, U.S. spot Bitcoin ETFs recorded inflows of approximately 4,614 BTC, equivalent to $334.6 million, in the latest session. The inflows mark a notable rebound in institutional demand following mixed flows earlier in the week. Spot Ether ETFs absorbed around 23,039
GateNews16m ago
Samsung Chip Profit Surges 49-Fold to $36.15B in Q1; Supply Shortage to Worsen in 2027
According to Samsung Electronics, the company's chip division operating profit surged 49-fold in the first quarter of 2026 to a record 53.7 trillion won ($36.15 billion), up from 1.1 trillion won a year earlier, on April 30. The memory chip boom was driven by accelerating AI data center
GateNews17m ago
SpaceX Board Approves Musk Compensation Tied to $7.5T Valuation
SpaceX's board has approved a new compensation package for Elon Musk as the company prepares for a potential initial public offering that could value the rocket and satellite business at about $1.75 trillion, according to reports. The package links Musk's possible share awards to major valuation and
CryptoFrontier37m ago
JPX Plans Crypto ETF Launch in 2027 If Regulatory Approval Clears
According to Bloomberg, Japan Exchange Group (JPX) CEO Hiromi Yamaji said the Tokyo Stock Exchange operator plans to launch cryptocurrency-tracking exchange-traded funds as early as 2027, provided legal revisions and tax treatment are clarified. Yamaji noted that asset managers have expressed
GateNews39m ago
Ark Invest Buys $39.4M in Robinhood Shares, Sells $6.1M Bitcoin ETF on April 29
According to Ark Invest's April 29 trading report, the Cathie Wood-led investment firm bought $39.4 million worth of Robinhood Markets (HOOD) shares across its three ETFs on Wednesday, while offloading $6.1 million of its own Ark 21Shares Bitcoin ETF. Ark purchased 553,892 HOOD shares for its
GateNews42m ago
Alberta Investment Management Corp Buys 1.38M Strategy Shares Worth $219M for First Time
According to BitcoinTreasuries.NET, Alberta Investment Management Corp, Canada's largest sovereign wealth fund, disclosed its first purchase of 1.38 million Strategy (MSTR) shares valued at approximately $219 million. The transaction marks the institution's initial indirect allocation to Bitcoin
GateNews52m ago
