NewTimeSpace | Hong Kong Market Close: The Three Major Indices Moved Down in a Choppy Range, with the Hang Seng Index Closing Down 1.03%, While Themes Such as Consumer Staples Retail and Textiles & Apparel Strengthened Against the Trend

NewTimeSpace reported, on October 15, 2026, the three major Hong Kong indices moved down in a choppy range, with the Hang Seng Index down 1.03%, the Hang Seng TECH Index down 2.72%, and the Hang Seng China Enterprises Index down 0.98%. The full-day market turnover was 224.2 billion HKD, higher than that of the previous trading day. Southbound funds saw a net selling of 5.080 billion HKD.

On the market, by industry. Themes such as consumer staples retail, textiles & apparel, and banking strengthened against the trend. Themes such as semiconductors, hardware equipment, and electrical equipment led the declines.

Of which, 33 constituent stocks of the Hang Seng Index rose and 61 fell. On the downside, LENOVO GROUP plunged 14.5%, HUA HONG GRACE fell 7.8%, and WEICHAI POWER fell 6.9%. On the upside, ALI HEALTH rose 3.0%. BEONE MEDICINES rose 3.0%. SHENZHOU INTL rose 2.8%.

Among the Hang Seng TECH Index constituents, 5 rose and 25 fell. On the downside, ILUVATAR COREX plunged 13.6%. MINIMAX-W plunged 12.1%, and Z.AI fell 10.2%. On the upside, XIAOMI-W rose 2.7%, JD HEALTH rose 1.6%. TRIP.COM-S rose 0.7%.

Among Hong Kong Stock Connect constituents, GON TECHNOLOGY rose 9.8%, BLUE MOON GROUP rose 5.2%, and XUANZHUBIO-B rose 4.3%. On the downside, COSCO SHIP ENGY plunged 15.6%, ALEBUND-B plunged 15.3%. LONGBIO-B fell 14.4%.

Chasing Securities Co., Ltd. pointed out that, in terms of positive factors, the adjustment of the Hang Seng TECH Index compilation is a medium- to long-term positive factor, and its realization still takes time; the marginal recovery in market sentiment provides a certain boost to the performance of Hong Kong Stock Connect constituents. In terms of negative factors, the liquidity environment remains tight, and a stronger US dollar and high US Treasury yields continue to suppress Hong Kong Stock Connect liquidity and the valuations of growth stocks. Overall, the negative impact outweighs the positive, and Hong Kong Stock Connect is likely to remain in a choppy pattern in the short term, with close attention needed to changes in overseas liquidity. In terms of strategy, it suggests buying on dips with a balanced allocation: (1) the high-dividend direction, such as banking; (2) the consumer and pharmaceutical direction, such as service consumption and innovative drugs; (3) the "pan-technology" direction, such as AI applications. (Source: "Hong Kong Stock Connect Biweekly Report: The Short-Term Pattern Is Likely to Remain Choppy, with Attention on Changes in Overseas Liquidity" by Chasing Securities Co., Ltd., 20261013)