NewTimeSpace | Hong Kong Market Close:Three Major Indices Recovered Collectively; Hang Seng Index Closed Up 1.34%, with Semiconductor and Hardware Equipment Themes Among the Top Gainers

newtimespace reported, on August 17, 2026, Hong Kong's three major indices recovered collectively: the Hang Seng Index rose 1.34%, the Hang Seng TECH Index rose 1.58%, and the Hang Seng China Enterprises Index rose 1.19%. The Hang Seng Index recorded a turnover of HK$210.8 billion, down from the previous trading day. Southbound (mainland) funds posted a net inflow of HK$3.077 billion.

By sector on the market board: Semiconductor, Hardware Equipment, and National Defense & Military themes led the gains, while Paper & Packaging, Food & Beverage, and Daily Consumer Retail themes led the declines.

Among the Hang Seng Index constituents, 68 rose and 24 fell. Orient Overseas International (OOIL) rose 7.29%, SMIC rose 6.14%, and Laopu Gold rose 5.16%. On the downside, Lenovo Group fell 1.73%, Haidilao fell 1.49%, and MTR Corporation fell 1.38%.

Among the Hang Seng TECH Index constituents, 23 rose and 7 fell. SenseTime-W rose 8.90%, HUA HONG GRACE rose 7.45%, and Leapmotor rose 4.54%. On the downside, Z.AI fell 5.28%, Haier Smart Home fell 1.04%, and JD Health fell 0.96%.

Among the Hong Kong Stock Connect constituents, CFMEE surged 14.48%, Fortior surged 12.78%, and Wellcell Hold surged 11.76%. On the downside, Innogen-B plunged 27.61%, Realord Tech fell 8.14%, and Biocytogen-B fell 7.68%.

CINDA INTL HLDG stated that, after the rebound driven by short covering in July, the Hang Seng Index has lacked further catalysts to move higher since entering August. Last week, the two major tech companies Tencent (00700.HK) and JD-SW (09618.HK) successively announced their results, and both saw their share prices come under pressure afterward; JD's earnings and guidance were in fact broadly in line with expectations, yet its share price still declined, reflecting a recent weakening in Hong Kong market liquidity. Technically, the Hang Seng Index rose to 26,187 points in early August before retreating, forming a double-top pattern; near-term it may face continued correction pressure, with the index's support seen around 24,800 points, the bottom of the sideways trading range in mid-July.

It is expected that the market will allocate to the AI sector more evenly, without the crowding seen in the second quarter: recently, global computing-power hardware companies' share prices have improved, with both the PHLX Semiconductor Index and South Korea's KOSPI Index breaking away from the downtrend channel of late June through July. This is partly supported by earnings, and there are also reports that Temasek is considering taking a stake in Samsung and SK hynix. However, after the turbulence of July, investors have turned more rational; beyond computing-power hardware, cloud services and some applications have also delivered decent latest results, and the market's allocation to the AI sector is expected to become more balanced, without the crowding seen in the second quarter. (Source: CINDA INTL HLDG, "Hong Kong Morning Express," 2026-08-17)

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