Weekly Shanghai-Shenzhen Stock Connect ETF Average Return Statistics (by Fund Manager) (First Week of September 2026)
September 4, 2026—the three major Hong Kong indices opened higher and rebounded, with the Hang Seng Index up 1.74%, the Hang Seng TECH Index up 2.27%, and the Hang Seng China Enterprises Index up 2.02%. The Hang Seng Index's total market turnover was HK$276.9 billion,Southbound funds saw a net outflow of HK$10.021 billion.
On September 4, 2026, fintech and blockchain ETFs exploded across the board in the HK shares ETFs market. Global X Innovative Finance ETF (3185.HK) rose 7.81%, and SAMSUNG Blockchain Technologies ETF (3171.HK) advanced 5.41%; Global X China Little Giant ETF (2815.HK) fell 3.08%, while STAR 50 and China semiconductor ETFs pulled back moderately. NewTimeSpace monitoring shows an evident rotation pattern in which fintech exploded while China technology themes came under pressure.
On September 4, 2026, XPENG-W (09868.HK) traded firmly in the afternoon session. As of 15:15, the stock traded at HK$43.54, up 1.73%.
September 4, 2026—The chip theme continued to come under pressure, with Hua Hong Grace (01347.HK) slumping sharply. As of 13:40, the stock was quoted at HK$109.100, down 8.93%.
on September 4, 2026, the robotics theme weakened amid volatility, while Midea Group (00300.HK) strengthened against the trend. As of 13:26, the company's quote was HK$101.000, up 0.50%.
On September 3, Hong Kong stocks opened higher but closed lower, with the Hang Seng Index down 0.39% to 25,213.31 points and the Hang Seng TECH Index down 1.08%, on turnover of HKD 199.38 billion. Innovative drug plays surged, with HUTCHMED (00013) rising 14.32% on a licensing collaboration with GSK worth more than USD 1.4 billion in total; SBP GROUP rose 6.27%. Non-ferrous metals including gold rallied against the trend while internet stocks closed lower across the board. Southbound capital recorded net purchases of HKD 3.395 billion. Baidu completed its dual primary listing and could be included in Stock Connect as early as September 7; Moonshot AI reportedly filed confidentially; SHEIN-W will be included in the Hang Seng Composite Index on September 15, with its shares hitting a fresh low. MINIMAX-W rose 3.6%, up more than 20% this week.
On September 3, 2026, the three major Hong Kong indices opened higher but closed lower: the Hang Seng Index fell 0.39%, the Hang Seng TECH Index fell 1.08%, and the Hang Seng China Enterprises Index fell 0.77%. The Hang Seng Index's full-day turnover was HK$199.4 billion, and southbound funds recorded a net inflow of HK$3.395 billion. AI concept stocks showed a divergent performance on the day, with the intelligent-driving direction broadly strengthening, while the AI chip and large-model directions were mostly under pressure.
NewTimeSpace (newtimespace.com) reported that on September 3, 2026,the Hang Seng Index fell 0.39%, the Hang Seng TECH Index fell 1.08%, and the Hang Seng China Enterprises Index fell 0.77%. The Hang Seng Index's full-day turnover was HK$199.4 billion, Southbound funds recorded a net inflow of HK$3.395 billion.
On September 3, 2026, gold miner and Taiwan/Japan ETFs led the gains in the HK shares ETFs market. E Fund (HK) Solactive Global Gold Miner Select Index ETF (2824.HK) rose 3.98%, and iShares Core MSCI Taiwan Index ETF (3074.HK) advanced 3.24%; ICBC UBS KraneShares KWEB CSI China Internet ETF (3102.HK) fell 1.59%, while Hang Seng TECH and high-dividend yield ETFs pulled back moderately. NewTimeSpace monitoring shows an evident rotation pattern in which gold and regional markets strengthened while Hang Seng TECH came under pressure.
On September 3, 2026, BIDU-W (09888.HK) drifted lower in the afternoon. As of 15:27, the stock traded at HK$91.50, down 0.92%.
On September 3, 2026, gold stock and SSE STAR innovative drugs ETFs led the gains in the Shanghai-Shenzhen Stock Connect ETFs market. Guotai CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF (517400.SH) rose 2.39%, and Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF (517520.SH) gained 2.35%; Huatai-PB China Science And Technology Innovation Board Semiconductor Material Equipment Theme ETF (588710.SH) fell 1.43%, while semiconductor equipment and animal husbandry ETFs pulled back moderately. NewTimeSpace monitoring shows an evident rotation pattern in which gold stocks and innovative drugs strengthened while semiconductor equipment ETFs came under pressure.
NewTimeSpace (newtimespace.com) News, on September 3, 2026, the chip theme weakened amid volatility while ASMPT (00522.HK) strengthened against the trend. As of 13:46, the stock was quoted at HKD 161.600, up 2.67%.
NewTimeSpace (newtimespace.com) News, on September 3, 2026, the robot theme rose amid volatility while XIAOMI-W (01810.HK) weakened. As of 13:33, the stock was quoted at HKD 27.320, down 2.64%.
On September 2, Hong Kong's three major indices declined across the board, with the Hang Seng Index edging down 0.07% to 25,311.21 points and the Hang Seng TECH Index falling 0.74%, on turnover of HKD 216.691 billion. Biotech stocks stood out, with Biocytogen up 11.52% and Simcere Pharma up 7.64% after the company signed a global licensing agreement with Roche worth more than USD 1.53 billion. Auto stocks were broadly under pressure, with Li Auto hitting a new low since its Hong Kong listing. Southbound capital recorded net buying of HKD 4.093 billion. In the quarterly review of the FTSE China 50 Index, Hua Hong Grace and Montage Tech were added, effective September 18; NIO's second-quarter revenue rose 69% year on year; and Haichang Ocean Park will be removed from Stock Connect from September 7.
On September 2, 2026, the HK shares ETFs market was extremely depressed, with only 6 products posting gains. E Fund (HK) Solactive Biopharma Select Index ETF (3186.HK) rose 0.82%, while Bosera SZSE ChiNext Daily (2x) Leveraged Product (7234.HK) plunged 4.75%; Korea and Taiwan ETFs broadly fell more than 3%. NewTimeSpace monitoring shows the Hong Kong market exhibiting an extreme downturn in which decliners far outnumbered gainers and regional technology sectors routed across the board.
