NewTimeSpace | Hong Kong Market Close: The Three Major Indices Opened Lower and Fluctuated, with the Hang Seng Index Closing Down 1.27%, While Themes Such as Utilities and Household Goods Strengthened Against the Trend

NewTimeSpace reported, on November 6, 2026, the three major Hong Kong indices opened lower and fluctuated, with the Hang Seng Index down 1.27%, the Hang Seng TECH Index down 1.83%, and the Hang Seng China Enterprises Index down 1.13%. The turnover of the Hong Kong market reached 247.4 billion HKD, notably reduced from the previous trading day. Southbound funds saw a net buying of 2.415 billion HKD.

On the market, from an industry perspective. Themes such as utilities, household goods, and building materials strengthened against the trend. Themes such as semiconductors, hardware equipment, and machinery led the declines.

Of which, 33 constituent stocks of the Hang Seng Index rose and 61 fell. On the downside, WEICHAI POWER fell 7.26%, CMOC fell 5.86%, and WUXI APPTEC fell 5.28%. On the upside, LI NING rose 5.16%, HUA HONG GRACE rose 4.31%, and BUD APAC rose 2.57%.

Among the Hang Seng TECH Index constituents, 7 rose and 22 fell. On the downside, ILUVATAR COREX plunged 11.67%, Z.AI plunged 10.46%, and MINIMAX-W fell 8.46%. On the upside, MIDEA GROUP rose 1.42%, HORIZONROBOT-W rose 0.67%, and NETEASE edged up 0.40%.

Among Hong Kong Stock Connect constituents, MICOT PHARMA-B soared 15.19%, 160 HEALTH soared 12.96%, and BRETON rose 10.16%. On the downside, GALAXIS TECH plunged 43.79%, KINWONG plunged 15.92%, and FIT HON TENG plunged 14.16%.

Zhongtai International Securities Limited pointed out that in October, Hong Kong stocks maintained a weak and fluctuating pattern amid multiple pulling expectations, with the market's focus of speculation shifting from valuation repair to the delivery of earnings fundamentals. On the external front, first, the 10-year US Treasury yield has remained at 5.0%-5.2%, continuously suppressing the valuations of Hong Kong growth stocks; second, the AI narrative logic has shifted from a "computing power story" to "capital returns". On the internal front, market expectations for the pace of domestic consumption recovery have been lowered, and the third-quarter operating data disclosed by some leading optional consumption companies was weak, which has also become a factor suppressing sector sentiment.

Zhongtai International Securities Limited also stated that it overweights information technology, energy, and healthcare in November. (1) Information technology: after both valuations and positions fell in October, further downside is limited; upstream hardware companies in the AI industry chain have sufficient orders, and profit delivery is expected; (2) Energy: geopolitical conflict risks in the Middle East are pushing up traditional energy prices; European natural gas inventories are at historical lows, with the storage rate at about 75% at the end of October versus more than 80% a year earlier; Indonesia has imposed export controls on coal, and this year's production target is lower than last year's actual output; (3) Healthcare: leading innovative drug companies have seen good product sales in the second half of the year, and CXO companies have ideal new order intake. (Source: Zhongtai International Securities Limited, 20261103, "November Hong Kong Stock Golden Picks: Overweight Information Technology, Energy and Healthcare")