NewTimeSpace | Hong Kong Market Close: The three major indices opened higher and rebounded, with the Hang Seng Index closing up 1.74%, and themes such as media, industrial trade & commerce, and conglomerates led the gains

NewTimeSpace (newtimespace.com) reported, September 4, 2026—the three major Hong Kong indices opened higher and rebounded, with the Hang Seng Index up 1.74%, the Hang Seng TECH Index up 2.27%, and the Hang Seng China Enterprises Index up 2.02%. The Hang Seng Index's total market turnover was HK$276.9 billion, notably expanding from the previous trading day. Southbound funds saw a net outflow of HK$10.021 billion.

On the market, by sector.Themes such as media, industrial trade & commerce, and conglomerates and food & beverage led the gains. Themes such as semiconductors, medical devices and services, and paper and packaging led the declines.

Among them, of the Hang Seng Index constituents, 80 rose and 11 fell.On the upside, LONGFOR GROUP gained 8.40%, LENOVO GROUP gained 6.09%, and MEITUAN-W gained 5.28%. On the downside, WUXI BIO fell 3.00%, OOIL fell 2.48%, and SMIC fell 1.25%.

Among the Hang Seng TECH Index constituents, 24 rose and 6 fell.On the upside, TONGCHENGTRAVEL gained 6.84%, SENSETIME-W gained 5.86%, and Baidu Group-W gained 4.81%. On the downside, HUA HONG GRACE fell 8.43%, Z.AI fell 2.98%, and NIO-SW fell 0.67%.

Among the HK Stock Connect constituents,PHANCY surged 14.66%; SUNAC surged 14.29%, and MARKETINGFORCE surged 13.52%. GENSCRIPT BIO fell 13.33%, CF PHARMTECH fell 6.78%, and NEXTEER fell 6.45%.

CINDA INTL HLDG pointed outthat yesterday's Hong Kong market turnover was weak, with the TECH Index falling to a low since July: the Hang Seng Index opened higher yesterday but eventually reversed to close lower, again falling near the early-August low of 25,089 points. The TECH Index performed even weaker, falling more than 1%, hitting a new low since July. Yesterday's Hong Kong market trading was relatively quiet, with total market turnover below HK$200 billion, the first time since May 5, though at that time it was the May Day Golden Week, and the HK Stock Connect suspension caused the lower turnover amount.

Hong Kong stocks should see a rebound this morning, but the momentum may be limited:the latest probability of a US rate hike in September has decreased, overseas long-bond yields have retreated slightly, and the Hang Seng Index's overnight futures traded at a premium; a rebound is expected this morning, but the momentum may be limited. In the short term, the upward resistance reference is the 250-day moving average at around 25,763 points, while the support level is the bottom of the mid-to-late-month consolidation range at around 24,800 points. (Source: CINDA INTL HLDG, September 4, 2026, "Hong Kong Morning Express")

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