NewTimeSpace | Hong Kong Market Close: The Three Major Indices Rebounded Collectively, with the Hang Seng Index Closing Up 1.79%, While Themes Such as Media and Non-Ferrous Metals Led the Gains

NewTimeSpace reported, on October 9, 2026, the three major Hong Kong indices rebounded collectively, with the Hang Seng Index up 1.79%, the Hang Seng TECH Index up 3.06%, and the Hang Seng China Enterprises Index up 1.71%. The Hang Seng Index's market turnover was 209.2 billion HKD, larger than that of the previous trading day. Southbound funds saw a net buying of 291 million HKD.

On the market, by industry. Themes such as media, non-ferrous metals, and consumer services led the gains. Themes such as defense and military, machinery, and pharmaceuticals and biotechnology led the declines.

Among the Hang Seng Index constituents, 79 rose and 14 fell. On the upside, XIAOMI rose 9.7%, KUAISHOU-W rose 5.5%, and ZIJIN MINING rose 5.3%. On the downside, CHINA LIFE fell 2.2%, CSPC PHARMA fell 2.1%, and CHINA OVERSEAS fell 2.1%.

Among the Hang Seng TECH Index constituents, 27 rose and 3 fell. On the upside, SENSETIME-W rose 5.3%, BYD ELECTRONIC rose 4.6%, and HORIZONROBOT-W rose 4.2%. On the downside, ILUVATAR COREX fell 4.3%, HUA HONG GRACE fell 1.1%, and Z.AI fell 0.2%.

Among Hong Kong Stock Connect constituents, YUNJI surged 26.2%, TOPNC surged 15.7%, and YUNFENG FIN surged 15.2%. On the downside, TH MEDICAL-B plunged 34.2%, UISEE TECH plunged 19.3%, and DAJIN fell 15.9%.

Wanlian Securities stated that the funding environment for Hong Kong stocks tightened marginally in September, but southbound funds maintained inflows, and with the implementation of policies related to outbound investment development and security, the liquidity of the Hong Kong stock market is expected to improve. The forecast earnings of Hong Kong stocks improved somewhat in September, which is expected to boost market performance. Valuations of Hong Kong stocks declined somewhat in September, and overall they possess medium- to long-term allocation value. In terms of industry allocation, it is suggested to pay attention to: (1) high-dividend/dividend assets benefiting from the current low-valuation advantage. (2) pro-cyclical industries benefiting from fundamental improvement and improvement in prosperity under supply constraints. (3) elastically allocate to the AI industry chain under the medium- to long-term main line. (Source: "Monthly Strategy Report: Hong Kong Stocks' Fundamentals Improve, Market Sentiment Recovers" by Wanlian Securities, 20261008)

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