On September 8, 2026, the Shanghai-Shenzhen Stock Connect ETFs market showed structural divergence. Resource and cyclical themes strengthened collectively, while semiconductor equipment, energy storage battery and SSE STAR chip sectors generally pulled back.
On September 8, 2026, RoboSense (02498.HK) traded weaker in the afternoon session. As of 15:27, it was quoted at HK$17.62, down 2.44%.
On September 7, 2026, the three major Hong Kong indices collectively retreated, with the Hang Seng Index down 0.93%, the Hang Seng TECH Index down 0.92%, and the Hang Seng China Enterprises Index down 1.46%. On that day, AI concept stocks showed divergent performance, with AI chips strengthening against the trend, while the large model and intelligent driving segments were mostly under pressure.
On 7 September, Hong Kong's three major indices came under pressure: the Hang Seng Index fell 0.93% to close at 25,413.12 points and the Hang Seng TECH Index fell 0.92%, with turnover of HK$ 209.673 billion. The Stock Connect eligible list was formally adjusted today, with 54 securities added and 15 removed; Baidu was formally included in Stock Connect, and Citi expects about HK$ 47 billion of incremental inflows over the next 2 to 4 months. On the trading front, optical communication, PCB and other computing-power hardware chains led gains, with CIG up over 24% and ZJ INNOLIGHT up nearly 20%; Chinese banking H-shares broadly corrected and AI application and heavyweight technology stocks weakened. Southbound capital recorded net buying of HK$ 1.275 billion.
Weekly Hong Kong ETF Scale Change Statistics (by Management Company) (First Week of September 2026)
September 7, 2026—the three major Hong Kong indices collectively retreated, with the Hang Seng Index down 0.93%, the Hang Seng TECH Index down 0.92%, and the Hang Seng China Enterprises Index down 1.46%. The Hang Seng Index's total market turnover was HK$209.7 billion, Southbound funds saw a net inflow of HK$1.275 billion.
Weekly Hong Kong ETF Scale Change Statistics (First Week of September 2026)
On 7 September 2026, Korea and Asian semiconductor themes in HK shares ETFs broke out broadly. The CSOP KOSPI 200 ETF (3121.HK) rose 5.39% and the Xtrackers MSCI Korea UCITS ETF (2848.HK) rose 5.17%, while the E Fund (HK) Solactive Global Gold Miner Select Index ETF (2824.HK) fell 2.51% and biotech and high-dividend ETFs broadly retreated. NewTimeSpace tracking shows a clear rotation pattern of regional technology breaking out while defensive products came under pressure.
Weekly Shanghai-Shenzhen Stock Connect ETF Scale Change Statistics (by Management Company) (First Week of September 2026)
Weekly Shanghai-Shenzhen Stock Connect ETF Scale Change Statistics (First Week of September 2026)
On 7 September 2026, communication and growth themes in Shanghai-Shenzhen Stock Connect ETFs broke out broadly. The Yinhua CSI 5G Communication Theme ETF (159994.SZ) rose 6.36% and the ChinaAMC CSI 5G Communication Theme ETF (515050.SH) rose 6.28%, while the ChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF (159562.SZ) fell 2.25% and coal and financial ETFs broadly retreated. NewTimeSpace tracking shows a clear rotation pattern of communication and growth breaking out while resource and value names came under pressure.
on September 7, 2026, the chip theme rebounded across the board, with SMIC (00981.HK) fluctuating stronger. As of 13:39, the company's quote stood at HKD 69.050, up 2.75%.
on September 7, 2026, the robotics theme strengthened, with UBTECH ROBOTICS (09880.HK) fluctuating higher. As of 13:25, the company's quote stood at HKD 87.200, up 1.81%.
During the week (31 August to 4 September), Hong Kong equities diverged: the HSI rose 0.26%, the Hang Seng TECH Index fell 0.77% and the HSCEI rose 0.76%, with net southbound inflows of about HK$ 7.363 billion for the full week. The HSI quarterly review took effect, adding Hua Hong Grace and Weichai Power, while Iluvatar CoreX joined the HSTECH; Goldman Sachs expects USD 870 million of passive inflows into tech hardware and semiconductors. The MSCI China Index review took effect, adding Z.AI and Kingboard Holdings. Baidu completed its dual primary listing and could join Stock Connect as early as 7 September. The AI application sector led gains on OpenAI's GPT-6 Astra release, with PHANCY up nearly 15%; HUTCHMED's major licensing deal with GSK triggered a breakout in innovative drug names. Semiconductors diverged sharply, with Hua Hong Grace tumbling 8.43% despite its HSI inclusion.
Hong Kong's recently listed stocks were mixed this week, with UNISOUND up 32.31% to lead the gains and MININGLAMP-W and TOPNC up over 23%; SHEIN-W and MECH-MIND ROBOTICS fell over 21% in their debut week, while CF PHARMTECH dropped 24.19%, the worst performer. AUX ELECTRIC fell only 5.05% on the week after releasing 1.301 billion shares from lock-up. MINIMAX-W's average daily turnover of HKD 7.168 billion overtook Z.AI for the top spot. DEEPZERO extended its cumulative gain to 1,599% to keep leading, while ZG GROUP-W was the most deeply discounted at 93.05% below its IPO price. Only three stocks face lock-up expiries next week, all of small size.
This week's two main lines of overseas expansion were global licensing of innovative drugs and Hong Kong listings. HUTCHMED out-licensed global rights to its KRAS-EGFR conjugate drug to GSK, with milestone payments totalling up to USD 1.295 billion; SBP GROUP licensed TQB2102 to Cipla for up to USD 123 million; and KEYMED BIO-B reached an exclusive licensing deal for stapokibart covering 18 countries and regions. On the financing front, SHEIN-W listed at HKD 48.56 per share with total proceeds of approximately HKD 13.596 billion, ANJI TECHNOLOGY and AMLOGIC advanced their H-share offerings, and LONGSYS priced its H shares at HKD 236. MAN WAH HLDGS raised its stake in UK-based DFS to 8.58% for approximately HKD 132 million, HONGHUA GROUP signed RMB 600 million in drilling rig orders in the Middle East, and BYD COMPANY and GEELY AUTO sustained export growth in August.
