NewTimeSpace | Hong Kong Market Close: Three Major Indices Continue to Weaken, Hang Seng Index Closes Down 1.27%, with Banks, Paper and Packaging Strengthening Against the Trend

NewTimeSpace reported, on September 10, 2026, the three major Hong Kong indices continued to weaken, with the Hang Seng Index down 1.27%, the Hang Seng TECH Index down 2.04%, and the Hang Seng China Enterprises Index down 1.13%. The Hang Seng Index's full-day turnover was 198.9 billion HKD, lower than that of the previous trading day. Southbound funds saw a net inflow of 4.551 billion HKD.

On the market, from a sector perspective, themes such as banks, paper and packaging, and construction strengthened against the trend. Themes such as machinery, hardware equipment, and pharmaceutical and biotech led the declines.

Among the Hang Seng Index constituent stocks, 16 rose and 77 fell. In terms of declines, WEICHAI POWER fell 7.05%, HANSOH PHARMA fell 4.20%, and CHINAHONGQIAO fell 4.17%. In terms of gains, CHINA LIFE rose 2.24%, CCB rose 1.61%, and CHINA UNICOM rose 1.56%.

Among the Hang Seng TECH Index constituent stocks, 2 rose and 28 fell. In terms of declines, Z.AI fell 10.34%, MINIMAX-W fell 8.98%, and NIO-SW fell 4.51%. In terms of gains, HUA HONG GRACE rose 1.25% and MIDEA GROUP rose 0.66%.

Among the Stock Connect constituent stocks, ZHIDA TECH surged 107.22%, QUANTGROUP rose 11.17%, and TIANLI INT HLDG rose 10.06%. In terms of declines, TYK MEDICINES-B plunged 22.3%, HAIZHI TECH GP fell 12.75%, and UNISOUND fell 10.03%.

CINDA INTL HLDG stated that Hong Kong stock turnover was 204.9 billion HKD and A-share turnover was RMB 187 million yesterday, both below the January–July averages. As noted in our September 3 Morning Express, "A-share turnover has recently been contracting, making it difficult for a clear trend to emerge"; the same logic applies to Hong Kong stocks, and we maintain our view that Hong Kong stocks lack the momentum for an upward breakout. Affected by the softer US market overnight, Hong Kong stocks are expected to open lower this morning, and should hold above the bottom of the mid-to-late July consolidation range at around 24,800 points. (Source: CINDA INTL HLDG, "Hong Kong Stock Market Morning Express", 20260910)

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