NewTimeSpace | Hong Kong Market Close: The Three Major Indices Strengthened Collectively, with the Hang Seng Index Up 1.18%

NewTimeSpace reported, on September 21, 2026, the three major Hong Kong indices strengthened collectively, with the Hang Seng Index up 1.18%, the Hang Seng TECH Index up 0.40%, and the Hang Seng China Enterprises Index up 1.39%. The Hang Seng Hong Kong-Listed Biotech Index rose more than 5%. The full-day total market turnover was 202.7 billion HKD, lower than that of the previous trading day. Southbound funds saw a net inflow of 4.074 billion HKD.

On the market, by industry. Themes such as pharmaceuticals and biotechnology, enterprise services, and defense and military led the gains. Themes such as construction, home appliances, and non-ferrous metals led the declines.

Among the Hang Seng Index constituents, 68 rose and 25 fell. On the upside, SBP GROUP rose 8.2%, CSPC PHARMA rose 7.6%, and INNOVENT BIO rose 6.0%. On the downside, LENOVO GROUP fell 4.9%, ALI HEALTH fell 4.4%, and LI AUTO-W fell 4.4%.

Among the Hang Seng TECH Index constituents, 15 rose and 14 fell. On the upside, XIAOMI-W rose 4.5%, ALIBABA-W rose 3.0%, and TENCENT rose 2.6%. On the downside, HAIER SMARTHOME fell 4.0%, ILUVATAR COREX fell 3.8%, and XPENG-W fell 3.7%.

Among Hong Kong Stock Connect constituents, IMPACT THERAP-B surged 27.8%, DELTON surged 14.3%, and GENFLEET-B surged 13.8%; VGT surged 12.9%. On the downside, ANDRE JUICE plunged 17.6%, 160 HEALTH plunged 13.3%, and ABLE DIGITAL plunged 13.0%.

CGS stated that next week's main investment lines for Hong Kong stocks are expected to remain centered on the AI industry chain and high-certainty defensive assets, and suggested attention on: (1) The technology sector. A slowdown in overseas large models will repeatedly disrupt sentiment, and funds are more willing to go to hardware names with real orders, revenue and earnings realization, as well as application names with AI commercialization revenue. Attention is suggested on optical modules/optical fiber, PCB, high-speed connections, AI servers/complete machines, domestic AI chips and wafer foundry, power/backup power/data center supporting facilities, and progress of major players' models/Agent, etc. (2) Non-ferrous resources. Attention is suggested on copper, gold, non-ferrous metals, etc. (3) The pharmaceutical sector. Attention is suggested on overseas License-out, clinical data of innovative drugs, commercialization realization, AI drug discovery, etc. (4) Low-volatility dividend names. Utilities, telecommunications, energy and some high-dividend financials are relatively resilient. (Source: "Fed Rate Hike Lands, Revisiting the Logic of Hong Kong Stock Allocation" by CGS, 20260919)

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.