NewTimeSpace | Hong Kong Market Close: Three major indices weakened amid volatility, HSI closed down 0.34%, with semiconductors, coal and other themes rising against the trend

NewTimeSpace (newtimespace.com) reported, on August 27, 2026, the three major Hong Kong stock indices weakened amid volatility, with the Hang Seng Index down 0.34%, the Hang Seng TECH Index down 0.13%, and the Hang Seng China Enterprises Index down 0.51%. The Hang Seng Index recorded a full-day total turnover of HK$233.5 billion, lower than the previous trading day. Southbound funds saw a net inflow of HK$3.180 billion.

On the market, by sector: themes such as semiconductors, coal, and hardware equipment rose against the trend. Themes such as food and beverage, paper and packaging, and consumer services led the declines.

Among the Hang Seng Index constituents, 31 rose and 60 fell. On the downside, XIAOMI-W fell 3.44%, CHINA RES BEER fell 3.18%, and CMOC fell 3.10%. On the upside, HANSOH PHARMA surged 16.01%, BIDU-SW rose 5.34%, and CHINA RES POWER rose 3.86%.

Among the Hang Seng TECH Index constituents, 14 rose and 16 fell. On the downside, XPENG-W fell 3.34%; SENSETIME-W fell 3.06%, and NIO-SW fell 2.91%. On the upside, Z.AI surged 12.62%, HUA HONG GRACE surged 4.51%, and MINIMAX-W surged 3.83%.

Among the Hong Kong Stock Connect constituents, MININGLAMP-W surged 15.97%, MONTAGE TECHNOLOGY surged 12.30%, and ASCENTAGE PHARMA rose 12.08%. On the downside, DPC DASH tumbled 14.06%, WASION HOLDINGS fell 13.77%, and XINHUA WINSHARE fell 11.56%.

SDIC Securities (Hong Kong) noted that US stock futures rose broadly overnight, with the core catalyst being NVIDIA's (NVDA.US) results and guidance beating expectations. After the earnings, the company's shares rose about 5% at one point. The CFO said on the earnings call that it expects fiscal 2028 revenue to grow by about 70%, far above the market's prior expectation of about 45%—the first time the company has given such a long-range performance guidance, which institutions described as "the most constructive earnings communication in its history."

At the same time, SDIC Securities (Hong Kong) also noted that NVIDIA's management said the shortage of AI computing power supply will last at least until the end of fiscal 2028, with wafer capacity, HBM memory, and data center power all in tight supply, and the industry faces no risk of overcapacity. The memory bottleneck extends to 2027; combined with the company's indication that there are no signs of a slowdown in AI capital expenditure, the market's concerns about the sustainability of the AI hardware supply chain's prosperity have clearly eased, boding well for sectors related to the semiconductor, PCB, and memory chains. (Source: SDIC Securities (Hong Kong), Hong Kong Market Morning Note, August 27, 2026)

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