On September 2, 2026, aerospace and defense ETFs led the Shanghai-Shenzhen Stock Connect ETFs market with marginal gains. ChinaAMC CNI Aerospace Industry ETF (159227.SZ) rose 1.27%, while Penghua Guozheng Food industry ETF (159698.SZ) plunged 5.81%; rare metals and chemical ETFs broadly fell more than 2.6%. NewTimeSpace monitoring shows an extreme rotation pattern in which military ETFs took over with slight gains while the previous day's hot sectors retreated across the board.
On September 2, 2026, the three major Hong Kong indices trended lower amid volatility. The Hang Seng Index edged down 0.07%, the Hang Seng TECH Index fell 0.74%, and the Hang Seng China Enterprises Index edged down 0.15%.AI concept stocks diverged in performance on the day — large models were mixed, while the AI chip sector and the intelligent driving direction came under collective pressure.
on September 2, 2026, The Hang Seng Index edged down 0.07%, the Hang Seng TECH Index fell 0.74%, and the Hang Seng China Enterprises Index edged down 0.15%. Full-day total market turnover of the Hang Seng Index stood at HKD 216.7 billion,Southbound funds recorded a net inflow of HKD 4.093 billion.
On September 2, 2026, RoboSense (02498.HK) traded lower in the afternoon. As of 15:05, the stock stood at HK$17.39, down 3.39%.
on September 2, 2026, the chip theme continued to weaken, with SMIC (00981.HK) opening lower and trading sideways. As of 13:32, the company was quoted at HKD 68.150, down 1.02%.
on September 2, 2026, the robot theme opened lower and traded sideways, with UBTECH ROBOTICS (09880.HK) continuing to weaken. As of 13:20, the company was quoted at HKD 78.650, down 3.50%.
On September 1, Hong Kong's three major indices all moved lower, with the Hang Seng Index down 0.93% to 25,329.73 points and the Hang Seng TECH Index down 1.49%, on turnover of HK$238.735 billion. Mainland bank stocks were active against the trend, with the H-shares of ICBC, Bank of China, CCB and BOCOM all hitting record highs; AI application stocks strengthened, with MININGLAMP-W up 21.25% and KUAISHOU-W up 3.16%, after Kling AI received RMB 1.4 billion from the National AI Industry Investment Fund. SHEIN and Mech-Mind Robotics broke below their issue prices on debut. Southbound capital recorded net buying of HK$7.757 billion. Baidu officially completed its dual primary listing today and could be included in Stock Connect as early as September 7; ZJ INNOLIGHT plans to buy back RMB 4-8 billion of A-shares.
On September 1, 2026, the three major Hong Kong stock indexes all closed lower. AI concept stocks showed divergent performance on the day, with most weakening, while the chip theme declined across the board. The Hang Seng Index fell 0.93%, the Hang Seng TECH Index fell 1.49%, and the Hang Seng China Enterprises Index fell 0.59%. The intelligent driving space saw divergent moves, with BLACK SESAME (02533.HK) — whose first-half results surged — rising 13.21%, and PONY-W following higher. HORIZONROBOT-W (09660.HK) fell 2.65%, while WERIDE-W and ROBOSENSE followed lower.
On September 1, 2026, grain and bank ETFs under Shanghai-Shenzhen Stock Connect surged broadly. Penghua Guozheng Food industry ETF (159698.SZ) rose 6.05%, and China Universal CSI Banks ETF (512820.SH) rose 2.20%; ChinaAMC China Science And Technology Innovation Board Semiconductor Material Equipment Theme ETF (588170.SH) fell 4.17%, with semiconductor equipment and SSE STAR growth ETFs broadly down more than 3.5%. NewTimeSpace monitoring shows an extreme rotation pattern of value defensive segments fully taking over while technology growth suffers an across-the-board slump.
On September 1, 2026, Taiwan semiconductor and Korea ETFs under HK shares led the gains. Fubon Ice Factset Taiwan Core Semiconductor Index Etf (3076.HK) rose 4.67%, and Premia FTSE TWSE Taiwan 50 ETF (3453.HK) rose 3.32%; Global X China Little Giant ETF (2815.HK) fell 3.13%, with China semiconductor and STAR 50 ETFs broadly retreating. NewTimeSpace monitoring shows a clear rotation pattern of regional technology strengthening while Chinese technology remains under pressure.
NewTimeSpace reported that on September 1, 2026, the Hang Seng Index falling 0.93%, the Hang Seng TECH Index falling 1.49%, and the Hang Seng China Enterprises Index falling 0.59%. Total market turnover was HKD 238.7 billion, Southbound funds recorded net inflows of HKD 7.757 billion.
NewTimeSpace News: On September 1, 2026, XPENG-W (09868.HK) edged lower in afternoon trading. As of 15:38 HKT, the stock traded at HK$44.64, down 0.58%.
NewTimeSpace News: In August 2026, the Hong Kong primary market continued the cooling trend seen since July, with only two new listings completing their IPOs during the month — NASN TECH (02261.HK), listed on 7 August, and Ingenic Semiconductor Co., Ltd. (03223.HK), listed on 25 August. Despite the small number, the two new listings presented starkly different pictures in subscription and debut performance.
NewTimeSpace (newtimespace.com) News, on September 1, 2026, the chip theme weakened, and HUA HONG GRACE (01347.HK) fluctuated lower. As of 13:35, the stock was quoted at HKD 120.600, down 1.95%.
NewTimeSpace (newtimespace.com) News, on September 1, 2026, the robotics theme weakened, and MIDEA GROUP (00300.HK) fluctuated lower. As of 13:22, the stock was quoted at HKD 100.600, down 0.79%.
NewTimeSpace News: On August 31, Hong Kong's three major indices ended mixed, with the Hang Seng Index edging down 0.07% to 25,566.99 points and the Hang Seng TECH Index up 0.32%, on notably higher turnover of HK$314.8 billion. Mainland bank stocks rose against the trend, with BANK OF CHINA up 5.73% to a record high; mainland property developers opened higher but slumped across the board, with GREENTOWN CHINA down 17.58%, affected by the new real estate credit reform policy. Gold stocks fell broadly and airlines came under pressure after results. MINIMAX-W rose 16.18% and Z.AI gained 9.6%. Southbound capital recorded net buying of HK$2.139 billion. The MSCI China Index rebalance took effect today, adding Z.AI and KINGBOARD HLDG and removing seven Hong Kong stocks.
