NewTimeSpace | Hong Kong Market Close: The Three Major Indices Fluctuated Upward, with the Hang Seng Index Closing Up 0.57%, While Themes Such as Consumer Services and Food & Beverages Led the Gains

NewTimeSpace reported, on November 3, 2026, the three major Hong Kong indices fluctuated upward, with the Hang Seng Index up 0.57%, the Hang Seng TECH Index up 0.74%, and the Hang Seng China Enterprises Index up 0.47%. The turnover of the Hong Kong market was 236.4 billion HKD, higher than that of the previous trading day. Southbound funds saw a net buying of 23.406 billion HKD.

On the market, from an industry perspective. Themes such as consumer services, food & beverages, and paper & packaging led the gains. Themes such as hardware equipment, semiconductors, and pharmaceuticals & biologics led the declines.

Of which, 71 constituent stocks of the Hang Seng Index rose and 24 fell. On the upside, HAIDILAO rose 6.43%, TRIP.COM-S rose 6.34%, and JD-SW rose 5.61%. On the downside, LENOVO GROUP fell 6.11%, HUA HONG GRACE fell 5.04%, and BEONE MEDICINES fell 4.80%.

Among the Hang Seng TECH Index constituents, 19 rose and 11 fell. On the upside, TENCENT MUSIC-SW rose 4.48%, LEAPMOTOR rose 3.19%, and LI AUTO-W rose 3.07%. On the downside, ILUVATAR COREX fell 8.45%, Z.AI fell 7.99%, and MINIMAX-W fell 7.87%.

Among Hong Kong Stock Connect constituents, MICOT PHARMA-B soared 33.22%, KEYTOP PARKING soared 30.85%, and BRAINAURORA-B rose 11.48%. On the downside, DEEPZERO plunged 20.82%, DIAGENS-B plunged 18.16%, and PEGBIO CO-B fell 16.55%.

Guoyuan International Holdings Limited stated that the stabilization of the Hang Seng Index does not mean that risk appetite has been fully repaired, and the current market is closer to a style switch between value and growth. In terms of allocation, it continues to maintain a certain barbell structure: on one end, it focuses on directions with relatively stable profits and cash flow such as energy, financials, and utilities; on the other end, it seeks quality technology companies with clear industrial trends, that are already profitable, with low leverage, and whose AI investment can form actual commercial returns. In the short term, it still takes "indexes fluctuating weak, with styles continuing to differentiate" as the base judgment. (Source: "Hong Kong Market Weekly Report: Internal Differentiation in Hong Kong Stocks, Technology Sector Continues Its Correction" by Guoyuan International Holdings Limited, 20261102)