NewTimeSpace | Hong Kong Market Close: The Three Major Indices Fluctuated Upward, with the Hang Seng Index Closing Up 0.44%, While Themes Such as Semiconductors and Hardware Equipment Led the Gains

NewTimeSpace reported, on November 10, 2026, the three major Hong Kong indices fluctuated upward, with the Hang Seng Index up 0.44%, the Hang Seng TECH Index up 1.08%, and the Hang Seng China Enterprises Index up slightly by 0.07%. The Hang Seng Index recorded a full-day turnover of 178.2 billion HKD, with slightly higher volume than the previous trading day. Southbound funds saw a net selling of 2.739 billion HKD.

On the market, from an industry perspective. Themes such as semiconductors, hardware equipment, and durable consumer goods led the gains. Themes such as oil and petrochemicals, coal, and consumer discretionary retail led the declines.

Of which, 67 constituent stocks of the Hang Seng Index rose and 24 fell. On the upside, SUNNY OPTICAL rose 5.79%, LI AUTO-W rose 4.63%, and HSBC HOLDINGS rose 4.37%. On the downside, CHALCO fell 4.91%, CHINAHONGQIAO fell 3.82%, and PETROCHINA fell 3.45%.

Among the Hang Seng TECH Index constituents, 24 rose and 6 fell. On the upside, ILUVATAR COREX surged 15.49%, Z.AI rose 11.11%, and MINIMAX-W rose 10.11%. On the downside, ALIBABA-W fell 2.87%, BYD COMPANY edged down 0.69%, and TENCENT MUSIC-SW edged down 0.65%.

Among Hong Kong Stock Connect constituents, MANYCORE TECH soared 25.18%, BAIGE DIGITAL soared 17.20%, and VIEWTRIX TECH soared 17.01%. On the downside, CREALITY plunged 16.15%, SITC fell 7.83%, and TOPNC fell 7.34%.

Zheshang International Financial Holdings Co., Limited stated in its outlook for the Hong Kong stock market that, on the fundamentals front, the significant pullback in high-frequency real estate data confirms that the foundation for domestic demand recovery is not solid, while the central bank is actively hedging external disturbances by stabilizing foreign exchange reserves and increasing gold holdings; on the policy front, the central bank has significantly consolidated the market's policy floor and liquidity expectations through a policy combination of "cost reduction plus quota expansion"; on the liquidity front, better-than-expected US nonfarm payrolls have pushed up rate hike expectations, the overseas high interest rate environment still poses pressure, and the outflow of southbound funds has narrowed significantly; on the sentiment front, the Hang Seng Index rebounded sharply last week, and market sentiment has been effectively repaired.

Zheshang International Financial Holdings Co., Limited pointed out that, in terms of sector allocation, it continues to be bullish on innovative drugs, AI computing power and the semiconductor industry chain, which benefit from industrial policy support and have high certainty of profit growth, but it is necessary to be alert to the correction risk of the technology hardware sector, which has seen large gains and high valuations; at the same time, against the backdrop of overseas interest rates remaining high and market volatility intensifying, banks, telecommunications, utilities and high-dividend central state-owned enterprises still have certain defensive value. (Source: "Hong Kong Market Strategy Weekly Report" by Zheshang International Financial Holdings Co., Limited, 20261109)