The reason for the hollow point in this case is not for expansion but just a result of the bullet making process. Jackets start as cups of copper and a piece of lead wire is inserted; then the entire thing is swaged (pressed) into a die with several tons of force. The hollow point that results is the remnant of the open top of the cup. A full metal jacket bullet has exposed lead at the base as the cups are turned the other way. Polymer tipped bullets just fill the opening with a polymer tip. If the tip could be closed easily and cheaply, I'm sure they would be, but they can't.
The reason the tip is left open instead of the base for match bullets is because a very consistent base helps prevent gas escaping unevenly as the base of the bullet leaves the muzzle. This is more important for accuracy than having a closed tip.
As mentioned there are some HP .30cal bullets that are designed for hunting and the main difference is the jacket and core will be bonded somehow (chemically, often called "welded", or mechanically, like with interlocking rings). Check the manufacturers website for details on the intended purpose of the bullet. Even then some bullets advertised as meant for hunting still don't perform well at all. There are many reports of the Berger VLD (very low drag) hunting bullets not performing well at all. Incredible match-like accuracy but not great terminal ballistics.
There are various reports of BTHP bullets punching through like a FMJ with no expansion, and some reports of them on occasion just fracturing into tiny fragments and causing severe but very shallow damage (often not even making it to the vital organs). Not all polymer tipped bullets are meant for hunting as well. The Hornady AMAX looks almost identical to the SST (the AMAX lacks the cannalure) but they are not bonded in any way (chemically or mechanically) so they fragment quite easily. Many people hunt with AMAX bullets and they will kill an animal but not in the most consistent, humane, or predictable way.