NewTimeSpace | Hong Kong Market Close: The three major indices opened lower and fluctuated, with the Hang Seng Index closing down 0.38%, and themes such as oil and petrochemicals, and coal strengthened against the trend

NewTimeSpace reported, September 8, 2026 — the three major Hong Kong indices opened lower and fluctuated, with the Hang Seng Index down 0.38%, the Hang Seng TECH Index down 1.61%, and the Hang Seng China Enterprises Index down 0.38%. The Hang Seng Index's total market turnover was HK$206.2 billion, lower than that of the previous trading day. Southbound funds saw a net inflow of HK$6.128 billion.

On the market, by sector. Themes such as oil and petrochemicals, coal, and non-ferrous metals strengthened against the trend. Themes such as hardware equipment, semiconductors, and electrical equipment led the declines.

Among them, of the Hang Seng Index constituents, 45 rose and 46 fell. On the downside, LENOVO GROUP fell 6.18%, BYD ELECTRONIC fell 5.06%, and SMIC fell 4.32%. On the upside, CMOC gained 7.57%, SBP GROUP gained 6.86%, and SINOPEC CORP gained 4.02%.

Among the Hang Seng TECH Index constituents, 7 rose and 23 fell. On the downside, Z.AI fell 10.02%, MINIMAX-W fell 5.59%, and HUA HONG GRACE fell 3.56%. On the upside, XPENG-W gained 0.90%, MEITUAN-W gained 0.69%, and TENCENT MUSIC-SW gained 0.68%.

Among the HK Stock Connect constituents, GENSCRIPT BIO gained 11.87%, XIAOCAIYUAN gained 9.94%, and SHANDONG MOLONG gained 7.88%. On the downside, PATEO fell 16.87%, TYK MEDICINES-B fell 16.10%, and SCIENTECH fell 9.83%.

Guoyuan International Holdings pointed out that the Hong Kong stock market is currently still mainly characterized by sector rotation. Some high-dividend sectors are relatively advantaged amid low valuations, policy expectations, and improved capital preference; the industry trend of the technology sector has not changed significantly, but in an environment of rising overseas interest rate pressure, the market will place greater emphasis on the actual delivery of orders, revenue, profit, and free cash flow.

In terms of allocation, one may continue to pay attention to financial directions such as banks and insurance, as well as energy companies with cost and cash flow advantages; for the technology sector, the focus should be on selecting AI hardware, semiconductor, and infrastructure companies with relatively strong fundamental certainty. In the short term, "index volatility, with divergence and rotation among industry sectors" remains the baseline scenario. (Source: Guoyuan International Holdings, September 8, 2026, "Hong Kong Stock Market Weekly: Non-Farm Payrolls Beat Expectations Reinforce Fed Rate Hike Expectations, Hong Kong Stocks May Continue Volatile Divergence")

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