The Hang Seng Index fell 0.84% cumulatively this week, with southbound capital recording a net inflow of approximately HKD 9.9 billion for the full week. The innovative drug sector led the week, catalyzed by BEONE MEDICINES' net profit surging 627% and REMEGEN's first large-scale profitability, with related ETFs sweeping the gainers board; MINIMAX was formally admitted to HK Stock Connect on 6 August, accumulating approximately 28.6% over two days, with Z.AI climbing in tandem and the twin large-model titans performing prominently; CPO and solar sectors also delivered strong performances. In terms of connectivity, the regulators released signals on including REITs in the Shanghai-Shenzhen-Hong Kong Stock Connect, the second phase of HKEX's minimum spread reduction took effect, and a total of four targets including MINIMAX and NEXCHIP were admitted this week.
This week, HK newly listed stocks saw more gainers than losers, with NASN TECH up 64% on its debut day and AI concept stocks such as MINIMAX-W and VGT up over 38%; JIANGXI BIO fell 37%. The seven stocks with lock-up expiries performed mildly, with declines such as MUYUAN and EASTROC all within 11%, and the lock-up expiry impact was clearly weaker than last week. QIYUNSHAN FOOD rose 1,147% cumulatively to overtake DEEPZERO at the top, while ZG GROUP-W returned to the biggest drop below its IPO price. Z.AI returned to the top of liquidity with average daily turnover of nearly HKD 7 billion. Next week, AB&B BIO-TECH-B and INNOGEN-B will unlock more than 260 million shares.
On 7 August, the three major Hong Kong indices opened lower and closed higher, with the Hang Seng Index up 0.54% to 25,668.03 points, the Hang Seng TECH Index up 0.78% and turnover of HKD 259.7 billion. Pharmaceutical stocks broke out, with ZAI LAB up 18.38% and WUXI BIO up 10.83%; PCB concepts rose across the board, with DELTON up 10.93% and VGT up 10.91%; the twin large-model titans climbed again, with Z.AI up 14.63% and MINIMAX-W up 9.83%, having accumulated gains of over 30% within two days of joining the Connect. Solar stocks rebounded, with XINTE ENERGY up 13.53%. Southbound capital recorded a net sell of HKD 778 million. Nexchip was formally added to HK Stock Connect, and BeiGene's net profit surged 627%.
On 7 August, Hong Kong stocks opened lower and closed higher, with the Hang Seng TECH Index up 0.78%. The twin large-model titans Z.AI surged 14.6% and MINIMAX-W jumped 9.8%, having once accumulated gains of over 30% within two days of joining the Connect; DeepSeek announced a comprehensive increase in API prices, accelerating the convergence of low-price competition in the industry. The AI hardware chain extended its strength, with Goldman Sachs sharply raising its AI server PCB market forecast and GIGADEVICE receiving a RMB 466 million holding increase from Ge Weidong. On the news front, Unitree's IPO was priced at RMB 150.8 per share with DeepSeek and Tencent participating in the strategic placement; Alibaba's Wan 3.0 entered public beta; Zhang Yiming set an internal tone for ByteDance Seed to strictly prohibit distillation; and Meta admitted its AI model intruded into another company during testing, bringing the AI security topic back into focus.
Summary: On 7 August 2026, the China biopharma and semiconductor directions of HK shares ETFs broke out across the board. Global X China Biotech ETF (2820.HK) rose 6.37% and CSOP Hang Seng Biotech ETF (3174.HK) rose 5.69%; Csop Ftse Vietnam 30 Etf (3004.HK) fell 1.66%, with fintech and high dividend ETFs pulling back modestly. NewTimeSpace monitoring showed an evident rotation pattern of the pharmaceutical sector staging a full comeback while regional defensive products came under pressure.
On 7 August 2026, the innovative drug and biomedicine directions of Shanghai-Shenzhen Stock Connect ETFs broke out across the board. E Fund CSI Innovative Drugs ETF (516080.SH) rose 7.06% and Tianhong CNI BIOMEDICINE ETF (159859.SZ) rose 5.93%; ChinaAMC CSI Financials Theme ETF (516100.SH) fell 1.83%, with software and bank ETFs pulling back modestly. NewTimeSpace monitoring showed an evident rotation pattern of the pharmaceutical sector staging a full comeback while fintech came under pressure.
NewTimeSpace News: On 7 August 2026, BIDU-SW (09888.HK) slipped slightly in the afternoon. As at 15:26, the stock was quoted at HK$106.80, down 0.28%. In June this year, Apollo Go claimed the top spot with a score of 81.7 in the Robotaxi ranking released by overseas institution Autonomy AI.
On 6 August, the three major Hong Kong indices opened lower and declined throughout the day, with the Hang Seng Index down 1.49% to 25,530.28 points, the Hang Seng TECH Index down 2.28% and turnover of HKD 255.2 billion. On the trading front, the "twin titans" of large models strengthened against the trend, with MINIMAX-W (00100) surging 17.1% on its first day of formal admission to the connect and Z.AI (02513) up 4.42%; coal stocks led the gains, with YANKUANG ENERGY up 6.12%; gold stocks were active, with LINGBAO GOLD up 4.82%. Hong Kong insurance stocks were weak throughout the day, with AIA down 5.92%, dragged by rumors of taxation on gains from offshore policies. Southbound capital saw a net sell of HKD 1.461 billion. The HK Stock Connect list was adjusted today, with MINIMAX, Luxshare ICT and CCTC formally admitted.
On August 6, 2026, Hong Kong's three major indices declined across the board. The Hang Seng Index fell 1.49%, the Hang Seng Tech Index dropped 2.28%, and the Hang Seng China Enterprises Index declined 1.22%. Total turnover on the Hang Seng Index reached HKD 255.2 billion, while Southbound capital recorded a net outflow of HKD 1.461 billion.The large‑model sector bucked the trend, with MINIMAX‑W (00100.HK) surging over 17% on its first day of inclusion in the Stock Connect, and Z.AI (02513.HK) rising more than 4%.
On 6 August 2026, the gold miner and India directions led the gains against the trend among HK shares ETFs. E Fund (HK) Solactive Global Gold Miner Select Index ETF (2824.HK) rose 2.96% and Db X-Trackers CNX Nifty UCITS ETF (3015.HK) rose 2.03%; Csop Ftse Hk-Korea Tech+ Index Etf (3431.HK) fell 4.36%, with Asia semiconductor and Korea ETFs broadly falling over 2.3%. NewTimeSpace monitoring showed an evident divergence pattern of gold and India being resilient while regional technology remained under pressure.
On 6 August 2026, coal and STAR semiconductor themes led the gains among Shanghai-Shenzhen-Hong Kong Stock Connect ETFs. Guotai CSI Coal ETF (515220.SH) rose 5.88% and ChinaAMC China Science And Technology Innovation Board Semiconductor Material Equipment Theme ETF (588170.SH) rose 2.95%; Guotai CSI BIOMEDICINE ETF (512290.SH) fell 2.22%, while healthcare and media ETFs broadly pulled back. NewTimeSpace monitoring showed an evident rotation pattern of energy and technology strengthening while pharma and healthcare came under pressure.
NewTimeSpace News: On 6 August 2026, RoboSense (02498.HK) drifted lower in the afternoon. As at 15:37, the stock traded at HK$22.96, down 4.17%. The mandatory national standard Safety Requirements for Automated Driving Systems of Intelligent and Connected Vehicles issued by the MIIT has been officially released and will take effect on 1 July 2027.
NewTimeSpace (newtimespace.com) reported that on August 6, 2026, the chip theme retreated, with SMIC (00981.HK) fluctuating lower. As of 13:29, the stock was quoted at HKD 64.800, down 4.71%.
NewTimeSpace (newtimespace.com) reported that on August 6, 2026, the robotics theme showed choppy trading, with UBTECH (09880.HK) weakening. As of 13:16, the stock was quoted at HKD 87.300, down 1.85%.
On August 5, the three major Hong Kong indices climbed amid volatility; the Hang Seng Index rose 0.24% to 25,915.82, the Hang Seng TECH Index rose 0.97%, and turnover was HKD 278 billion. The CPO concept erupted, with VGT up 16.18% and KB LAMINATES up 10.28%; gold stocks rose broadly, with CHINAGOLDINTL up 13.11% and the international gold price reclaiming USD 4,100; the UHV concept strengthened, with HARBIN ELECTRIC up 7.55%. Oil stocks weakened on crude prices, and optical communication stocks pulled back on U.S. ban rumors. Southbound funds recorded a net outflow of HKD 1.398 billion. HAIZHI TECH GP surged 42.9%; Goldman Sachs raised large-model revenue forecasts; HKEX's phase-II tick-size reduction took effect.
On August 5, 2026, The Hang Seng Index rose 0.24%, the Hang Seng Tech Index gained 0.97%, and the Hang Seng China Enterprises Index advanced 0.34%. Total turnover on the Hang Seng Index reached HKD 278.0 billion, while Southbound capital recorded a net outflow of HKD 1.398 billion.The AI chip and hardware sector led the gains strongly, catalyzed by Goldman Sachs' significant upward revision of revenue forecasts for domestic large models and a sharp rally in U.S. semiconductor stocks overnight. Biren Technology (06082.HK) surged over 12%, GigaDevice (03986.HK) gained more than 5%, and Hua Hong Semiconductor (01347.HK) and SMIC (00981.HK) followed suit.
