On December 30, 2024, the Hong Kong stock market closed fell. The Hang Seng Index (HSI) fell by 0.24%, the Hang Seng Tech Index (HSTECH) dropped by 0.84%.

In terms of sectors, the semiconductor sector saw significant gains, with SMIC rising by 6.36%. The tobacco sector also performed well, with Smoore International soaring by 16.34% after announcing a stock incentive plan for its executives and core employees. The biotech sector showed positive movement, with WuXi AppTec up by 5.01%. However, the internet technology sector experienced a slight decline, with Tencent up by 0.38% and Alibaba down by 0.43%.

Xiaomi-W rose by 0.88%. The stock benefited from a positive market outlook and an increase in target price by major institutions.

HaidiLao fell by 5.49%. The restaurant sector experienced weak same-store sales in November, leading to significant declines in stocks such as HaidiLao.

UBTech Robotics plummeted by 31.60%. The sharp decline was due to the termination of the concerted action agreement by the company's major shareholders, resulting in a significant drop in stock price and increased trading volume.

Hong Kong-listed shares of Chinese electric vehicle makers fell on Monday. 

XPENG-W fell 6%; NIO-SW fell 4%; LI AUTO-W, GEELY AUTO fell 2%.