NewTimeSpace | Hong Kong Market Close: The Three Major Indices Opened Lower and Moved in a Choppy Range, with the Hang Seng Index Closing Down 0.13%, While Themes Such as Consumer Discretionary Retail and Defense Led the Gains

NewTimeSpace reported, on October 14, 2026, the three major Hong Kong indices opened lower and moved in a choppy range, with the Hang Seng Index edging down 0.13%, the Hang Seng TECH Index up 0.91%, and the Hang Seng China Enterprises Index up 0.10%. The Hong Kong stock market turnover was 193.5 billion HKD, higher than that of the previous trading day. Southbound funds saw a net selling of 135 million HKD.

On the market, by industry. Themes such as consumer discretionary retail, defense, and oil & petrochemicals led the gains. Themes such as electrical equipment, chemicals, and pharmaceuticals & biotechnology led the declines.

Of which, 37 constituent stocks of the Hang Seng Index rose and 54 fell. On the downside, INNOVENT BIO fell 4.2%, LONGFOR GROUP fell 4.1%, and CATL fell 3.8%. On the upside, MEITUAN-W rose 6.6%, XIAOMI-W rose 5.4%, and MENGNIU DAIRY rose 3.6%.

Among the Hang Seng TECH Index constituents, 16 rose and 12 fell. On the upside, ILUVATAR COREX rose 8.8%, ALIBABA-W rose 3.1%, and NIO-SW rose 2.6%. On the downside, BILIBILI-W fell 4.9%, Z.AI fell 4.8%, and MINIMAX-W fell 3.7%.

Among Hong Kong Stock Connect constituents, LIULIUMEI soared 21.8%, PATEO soared 14.5%, and IMPACT THERAP-B rose 8.5%. On the downside, GON TECHNOLOGY plunged 28.5%, TH MEDICAL-B plunged 22.6%, and HQVT fell 19.6%.

Wanlian Securities Co., Ltd. pointed out that in terms of macro liquidity, according to CME FedWatch, the probability of a Fed rate hike in October has declined, and domestic macro liquidity remains loose. Southbound funds are currently maintaining a net inflow trend, and attention needs to be paid to the impact of changes in the monetary policies of major global central banks on Hong Kong stock liquidity. In terms of sector allocation, it suggests paying attention to: (1) high-dividend and dividend assets with current valuation advantages. (2) Pro-cyclical industries benefiting from improving fundamentals and improved prosperity under supply constraints. (3) Continued allocation to leading companies in the AI industry chain as the medium- to long-term main line. (Source: "Strategy Tracking Report: Hong Kong Stock Trading Hours May Be Extended, Expected to Boost Market Activity" by Wanlian Securities Co., Ltd., 20261012)