Hong Kong stock market fluctuates upward, tech stocks lead Hang Seng Index back to 21000-point mark

Hong Kong Stock Market Rises with Volatility, Tech Stocks Lead Hang Seng Index Back to 21,000 Point Mark

On September 18, 2026, the Hong Kong stock market showed a volatile upward trend, with the Hang Seng Index finally returning to the psychological 21,000-point mark, mainly driven by the strong performance of the technology sector. Market analysts pointed out that despite uncertainties in the global economic recovery, the low valuation advantage and policy support factors of the Hong Kong stock market are attracting increasing amounts of mainland capital to invest southward. Today's market volume significantly increased compared to the previous trading day, showing enhanced investor participation enthusiasm.

Overall Market Performance: Indices Rise with Volatility, Tech Sector Leads

At closing, the Hang Seng Index closed at 21,076.35 points, up 256.78 points, or 1.23%; the Hang Seng China Enterprises Index rose 1.56% to close at 7,423.89 points; the Hang Seng Tech Index performed strongest, rising 2.34% to close at 4,321.56 points. In terms of sector performance, technology, consumer, and healthcare sectors led the market, while energy and utilities sectors were relatively weak.

Market analysts noted that today's rise in the Hong Kong stock market was driven by multiple factors: first, global tech stocks generally recovered, and Hong Kong's tech sector followed the upward trend; second, mainland economic data exceeded expectations, boosting market confidence; third, continuous inflow of southbound funds provided strong support to the market. Nevertheless, the market still faces uncertain factors such as geopolitical risks and inflationary pressures, and may maintain a volatile pattern in the short term.

Fund Flows: Southbound Funds Net Buy Over HK$12 Billion in a Single Day

Interconnectivity data shows that today's southbound funds net bought HK$12.236 billion of Hong Kong stocks through the Stock Connect program, with HK$6.842 billion net bought through Shanghai-Hong Kong Stock Connect and HK$5.394 billion net bought through Shenzhen-Hong Kong Stock Connect. In terms of industry distribution, technology, consumer, and financial sectors became the main buying directions for southbound funds, with net purchases of HK$4.523 billion, HK$3.267 billion, and HK$2.891 billion respectively.

Notably, southbound funds have maintained net inflows for 12 consecutive trading days recently, with cumulative net purchases exceeding HK$80 billion. Analysts believe this phenomenon reflects that mainland investors' confidence in the Hong Kong stock market is gradually recovering, especially when Hong Kong stock valuations are at historically relatively low levels, mainland capital is accelerating its allocation to the Hong Kong stock market.

Individual Stock Performance: Tech Stocks Strengthen Collectively, Multiple Stocks Reach New Highs

In the technology sector, Tencent Holdings (00700.HK) surged 3.26% today to close