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HK Close | HSI Gains 1.7%. Meituan, Baidu Jump Around 5%; Xiaomi Rises over 3%; Alibaba, Tencent Add More Than 2%; Hua Hong Grace Drops over 8%

Tiger Newspress09-04

I. Market Overview

Hong Kong equities advanced on 4 September, with all three headline benchmarks closing in positive territory. The Hang Seng Index (HSI) settled at 25,650.87, up 1.74% (+437.56 pts), as buyers rotated into technology, property and automobile counters. The Hang Seng China Enterprises Index (HSCEI) rose 2.02% to 8,555.03, underpinned by strength in mainland developers and financials. Tech heavyweights underwrote much of the day’s momentum: the Hang Seng Tech Index (HSTECH) advanced 2.27% to 4,569.80 after an early-session surge.

Total market turnover reached HKD 276.86 billion, reflecting active participation as investors responded to sector-specific catalysts highlighted by midday and late-session news flow. While the broader mood remained constructive into the close, selective profit-taking appeared in semiconductor names, tempering gains in the afternoon.

II. Sector Performance

Large-cap Tech Stocks

Bellwether tech names closed mostly higher: TENCENT +2.26% to HKD 442.80, MEITUAN +5.28% to HKD 81.75, BIDU-W +4.81% to HKD 95.90, BABA-W +2.42% to HKD 110.10 and XIAOMI-W +3.64% to HKD 28.44. Underperformers included SMIC -1.25% and HUA HONG GRACE -8.43%.

Top Performing Sectors

  • Advertising +7.29%

  • Homebuilding +6.83%

  • Publishing +6.56%

Bottom Performing Sectors

  • Specialized Consumer Services -9.82%

  • Tobacco -3.82%

  • Computer & Electronics Retail -2.99%

III. Top 10 Gainers in Hong Kong Market Today

Stock Name

Ticker

Price (HKD)

Daily Change

PHANCY

06682

30.98

+14.66%

MARKETINGFORCE

02556

67.60

+13.52%

ART GROUP HOLD

00565

3.79

+12.13%

WENGE AI

01956

90.20

+11.70%

AKESO

09926

101.20

+11.45%

CHINA RUYI

00136

1.36

+11.43%

EPIWORLD

02726

117.70

+10.93%

STAR SHINE HLDG

01440

13.83

+9.67%

MUYUAN

02714

39.12

+9.21%

DEEPZERO

02723

943.00

+9.02%

Filter: Market cap>HKD10B

IV. Top 10 Losers in Hong Kong Market Today

Stock Name

Ticker

Price (HKD)

Daily Change

FAMEGLOW

03774

23.50

-16.31%

GENSCRIPT BIO

01548

31.46

-13.33%

SHEIN-W

00625

38.14

-9.19%

HUA HONG GRACE

01347

109.70

-8.43%

EASY SMART GP

02442

113.10

-7.52%

TH MEDICAL-B

02697

570.00

-7.32%

JINHAI MED TECH

02225

4.20

-6.98%

NEXTEER

01316

4.93

-6.45%

BIOCYTOGEN-B

02315

60.60

-5.53%

LEADS BIOLABS-B

09887

64.00

-5.47%

Filter: Market cap>HKD10B

V. Closing Summary

1. Hong Kong equities ended the session firmly higher, buoyed by robust risk appetite. The HSI added 1.74%, while the HSCEI and HSTECH outperformed with gains of 2.02% and 2.27% respectively, signalling broad-based buying interest. Turnover of HKD 276.86 billion underscored elevated participation as investors reacted to supportive sector news and intra-day momentum.

2. Technology leaders dominated flows after morning headlines flagged strong buying in platform, e-commerce and handset names. BIDU-W, MEITUAN and XIAOMI-W each advanced more than 3-5%, while TENCENT and BABA-W added over 2%. Semiconductor counters diverged: SMIC edged lower and HUA HONG GRACE slumped, reflecting stock-specific pressures despite broader tech resilience.

3. Beyond tech, autos and property provided additional thrust. News of a broad rebound in automobile shares coincided with a 3-5% rise in LI AUTO-W, XPENG-W and LEAPMOTOR. Mainland developers such as LONGFOR GROUP +8% and CHINA VANKE +6% spurred the HSCEI, supported by strength in the Homebuilding and Real-Estate related industries. Consumer-oriented plays in the Advertising and Publishing groups also excelled.

4. Sector rotation was evident: Advertising, Homebuilding and Publishing topped the performance table, each adding more than 6%, while Specialized Consumer Services and Tobacco lagged. IPO and small-cap activity remained brisk, illustrated by double-digit moves in names such as PHANCY and MARKETINGFORCE. Overall, the session reflected optimistic sentiment toward cyclical recovery themes and select AI-related growth stories.

Sources: Public market data, summarized media reports

Disclaimer: This content is for reference only and does not constitute investment advice.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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