NewTimeSpace | Hong Kong Market Close: The Three Major Indices Fluctuated and Weakened, with the Hang Seng Index Closing Down 0.13%, While Themes Such as Coal and Environmental Protection Strengthened Against the Trend

NewTimeSpace reported, on November 9, 2026, the three major Hong Kong indices fluctuated and weakened, with the Hang Seng Index down 0.13%, the Hang Seng TECH Index down 0.92%, and the Hang Seng China Enterprises Index down 0.17%. The market turnover of the Hang Seng Index reached 173.7 billion HKD, notably reduced from the previous trading day. Southbound funds saw a net buying of 1.856 billion HKD.

On the market, from an industry perspective. Themes such as coal, environmental protection, and healthcare equipment & services strengthened against the trend. Themes such as building materials, electrical equipment, and automobiles & parts led the declines.

Of which, 50 constituent stocks of the Hang Seng Index declined and 43 rose. On the downside, MEITUAN-W fell 6.53%, LONGFOR GROUP fell 3.82%, and OOIL fell 3.75%. On the upside, BUD APAC rose 3.14%, WUXI BIO rose 2.73%, and CHINA SHENHUA rose 2.39%.

Among the Hang Seng TECH Index constituents, 20 declined and 10 rose. On the downside, LEAPMOTOR fell 7.04%, BYD ELECTRONIC fell 3.18%, and HORIZONROBOT-W fell 2.78%. On the upside, NIO-SW rose 2.77%, HUA HONG GRACE rose 2.35%, and Z.AI rose 1.78%.

Among Hong Kong Stock Connect constituents, MICOT PHARMA-B soared 29.82%, FAMEGLOW soared 27.86%, and GALAXIS TECH rose 15.05%. On the downside, FIT HON TENG plunged 12.54%, CFMEE plunged 12.45%, and LIFETECH SCI fell 11.14%.

Huatai Securities stated that after the US midterm elections, expectations for an easing of the Middle East situation and for a slowdown in AI data center construction have both heated up, and funds are flowing back into undervalued assets; however, downward revisions to Hong Kong stock earnings expectations are still spreading, and fundamentals have not yet been confirmed. We still recommend using dividend as the base position, controlling exposure to industries where the dividend yield advantage has narrowed relative to A-shares and where it is difficult to raise payout ratios (such as state-owned banks and coal), and mainly allocating to operating assets such as railways and highways, and ports. From a short-term perspective, leading innovative drug and CXO companies remain an offensive direction with superior prosperity and China-US resonance, the US midterm elections have formed a positive catalyst, and coupled with the acceleration of upward earnings revisions in the corresponding sectors, we suggest holding rather than chasing, with the emphasis on stock selection. (Source: Huatai Securities, 20261108, "Overseas Weekly: Hong Kong Stocks from Beta Rebound to More Focus on Alpha")