NewTimeSpace | Hong Kong Market Close: The Three Major Indices Opened Higher and Moved in a Choppy Range, with the Hang Seng Index Closing Up 0.19%, While Themes Such as Semiconductors and Non-Ferrous Metals Led the Gains

NewTimeSpace reported, on September 16, 2026, the three major Hong Kong indices opened higher and moved in a choppy range, with the Hang Seng Index up 0.19%, the Hang Seng TECH Index up 0.79%, and the Hang Seng China Enterprises Index up 0.02%. The Hang Seng Index's total market turnover was 181.1 billion HKD, lower than that of the previous trading day. Southbound funds saw a net inflow of 2.099 billion HKD.

On the market, by industry. Themes such as semiconductors, non-ferrous metals, and hardware equipment led the gains. Themes such as electrical equipment, machinery, and paper & packaging led the declines.

Among the Hang Seng Index constituents, 50 rose and 44 fell. On the upside, LENOVO GROUP rose 8.3%, LONGFOR GROUP rose 6.1%, and HUA HONG GRACE rose 5.9%. On the downside, CATL fell 2.9%, and BEONE MEDICINES fell 2.7%.

Among the Hang Seng TECH Index constituents, 12 rose and 18 fell. On the upside, ILUVATAR COREX rose 6.2%, Z.AI rose 5.9%, and SMIC rose 4.8%. On the downside, BILIBILI-W fell 2.7%, and LEAPMOTOR fell 2.2%.

Among Hong Kong Stock Connect constituents, HQVT surged 36.1%, BAIGE DIGITAL surged 20.2%, and CREALIGHTS rose 16.7%. CSTONE PHARMA-B plunged 12.62%, and TH MEDICAL-B fell 8.17%.

Zheshang International Financial Holdings pointed out that, looking ahead to the Hong Kong stock market: on the fundamental side, the domestic economy is still in a bottoming period, with severe structural divergence within the economy; on the policy side, technological innovation and expanding domestic demand are the policy priorities going forward; on the funding side, US rate cut expectations are under short-term pressure, while southbound funds continued to record net inflows this week; on the sentiment side, the market has pulled back from a periodic high, and short-term market sentiment has become cautious.

In terms of sector allocation, we are bullish on sectors with relatively strong industry prosperity that benefit from policy support, such as new energy, innovative drugs, and AI technology; low-valuation central state-owned enterprise dividend sectors with steady earnings and share prices that benefit from policy support; and Hong Kong local bank, telecommunications, and utilities dividend stocks with relatively independent fundamentals that benefit from the rate cut cycle. (Source: "Hong Kong Stock Market Strategy Weekly" of Zheshang International Financial Holdings, 20260916)

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