NewTimeSpace | Hong Kong Market Close: Three Major Indices Extended Gains, Hang Seng Index Closed Up 1.21%, with Non-Ferrous Metals, Paper & Packaging and Other Themes Leading Gains

NewTimeSpace reported, On August 21, 2026, the three major Hong Kong stock indices extended their rally — the Hang Seng Index rose 1.21%, the Hang Seng TECH Index gained 1.40%, and the Hang Seng China Enterprises Index advanced 1.01%. The Hang Seng Index's total market turnover for the full session was HKD 257.3 billion, lower than the previous trading day. Southbound funds recorded a net outflow of HKD 7.630 billion.

On the market board, by industry: themes such as non-ferrous metals, paper and packaging, and industrial trading and conglomerates led the gains, while themes such as durables, discretionary consumer retail, and household goods led the declines.

Among the Hang Seng Index constituents, 76 rose and 15 fell. On the upside, LAOPU GOLD rose 7.46%, HENDERSON LAND surged 7.17%, and CITIC jumped 6.20%. On the downside, CSPC PHARMA fell 3.47%, POP MART dropped 3.06%, and TINGYI fell 2.85%.

Of the Hang Seng TECH Index constituents, 22 rose and 6 fell. On the upside, MINIMAX-W soared 11.86%, Z.AI rose 10.36%, and XIAOMI-W gained 4.54%. On the downside, ALIBABA-W fell 2.54%, NIO-SW dropped 1.87%, and TENCENT MUSIC-SW slipped 1.76%.

Among the Hong Kong Stock Connect constituents, SCIENTECH surged 20.53%, HAIZHI TECH GP jumped 13.45%, and CHIFENG GOLD rallied 12.40%. On the downside, NETEASE MUSIC plummeted 15.54%, SEYOND fell 9.07%, and INSILICO dropped 8.10%.

CMS pointed out that a series of positive changes have recently emerged in the Hong Kong market. First, the Hang Seng TECH Index's compilation rules were improved — constituent expansion and the inclusion of revenue-growth rate in the screening criteria respond to market concerns over the index's insufficient "tech-content." Second, from the latest shift in industry trends, the profits of the AI industry are shifting from AI hardware and large models toward cloud vendors, which benefits the Hong Kong market comparatively. Looking ahead, we remain constructive on investment opportunities in the Hong Kong market. (Source: CMS, August 20, 2026, "Hong Kong Strategy Special Topic (1): Hang Seng TECH Index Expansion, Re-rating of Cloud Vendors")

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