9。2。2026

On September 2, 2026, the Hang Seng Index rose by 467 points to close at 27,027, returning above the 27,000 mark. Optical communication, domestic insurance, and domestic demand stocks led the gains, while telecommunications stocks fell against the trend.

Last Friday, the US stock market rebounded sharply, with the Dow Jones Industrial Average hitting a new high. The ruling coalition led by Japanese Prime Minister Sanae Takaichi secured more than two-thirds of the seats in the House of Representatives. The Asia-Pacific stock markets generally performed well. The Hang Seng Index opened 422 points higher this morning but fell to its lowest point of the day at 26,879. It then regained momentum, reaching a high of 27,111 in the afternoon, with a range of approximately 232 points. The index closed at 27,027, up 467 points or 1.76%, reclaiming the 27,000 level. The total trading volume was about HKD 255.1 billion. The Hang Seng Tech Index closed at 5,417 points, up 71 points or 1.34%, with a turnover of approximately HKD 60.1 billion, accounting for about 23.56% of the total market turnover. The Hang Seng China Enterprises Index closed at 9,168 points, up 136 points or 1.52%, with a turnover of approximately HKD 88.6 billion, representing about 37.73% of the total market turnover. Among blue-chip stocks, only 18 out of 88 components declined, with a total turnover of approximately HKD 106.5 billion, accounting for about 41.75% of the total market turnover.

Innovent Bio (1801) $INNOVENT BIO (01801.HK)$ announced a global strategic partnership with Eli Lilly and Co ( $Eli Lilly and Co (LLY.US)$ ), jointly advancing the global development of innovative drugs in oncology and immunology. The group is eligible to receive milestone payments totaling up to USD 8.5 billion for research and development, regulatory, and commercial milestones, as well as an upfront payment of USD 350 million. Innovent Bio (1801) rose by HKD 5.9 or 7.42% throughout the day, closing at HKD 85.4, becoming the best-performing blue-chip stock of the day. Regarding the innovative drug concept sector, Ascletis Pharma-B ( $ASCLETIS-B (01672.HK)$ ) up 1.1 yuan or 7.24%, closing at 16.3 yuan; Connaught-B ( $KEYMED BIO-B (02162.HK)$ ) up 2.9 yuan or 5.28%, closing at 57.8 yuan.

The Ministry of Finance and the State Administration of Taxation recently announced adjustments to the scope of VAT categories for telecommunications services, with VAT rates for some telecom services set to increase from 6% to 9%. This is expected to impact the revenue and profits of the three major telecom operators. Telecom stocks fell again against the market trend today. China Telecom ( $CHINA TELECOM (00728.HK)$ ) down 0.15 yuan or 2.96%, closing at 4.92 yuan, also being the worst-performing blue-chip stock of the day; China Mobile ( $CHINA MOBILE (00941.HK)$ ) down 1.7 yuan or 2.12%, closing at 78.5 yuan; China Unicom ( $CHINA UNICOM (00762.HK)$ ) down 0.11 yuan or 1.51%, closing at 7.19 yuan.

There are reports that an anonymous model ranked first on the global model service platform OpenRouter, codenamed 'Pony Alpha.' Due to its powerful coding capabilities and deep optimization for agent workflows, it quickly gained attention in the developer community and became a sensation in overseas forums. Experts predict that this model could be DeepSeek-V4, Zhipu's ( $KNOWLEDGE ATLAS (02513.HK)$ ) GLM new model, or even possibly Grok4.2 or Claude5. Zhipu (2513) surged 73.6 yuan or 36.22% throughout the day, hitting a record high and closing at 276.8 yuan; other AI concept stocks also showed strong gains, with MINIMAX-WP ( $MINIMAX-W (00100.HK)$ ) rising 54 yuan or 11.71%, closing at 515 yuan; industry insiders speculate that Alibaba's next-generation foundational model Qwen3.5 is about to be released soon. Alibaba ( $BABA-W (09988.HK)$ ) rose 2.9 yuan or 1.87% throughout the day, closing at 157.9 yuan; Tencent Holdings ( $TENCENT (00700.HK)$ rose by 12.5 yuan or 2.28%, closing at 560 yuan.

Insurance stocks in mainland China performed well, with data showing that in January, about 79 life insurance companies collectively achieved new single premium scale of 212.6 billion yuan through bank assurance channels, a year-on-year increase of 27.6%. China Life Insurance $CHINA LIFE (02628.HK)$ established Huizhi Yangtze River Delta Private Equity Fund in Shanghai, with a total investment of 5.05 billion yuan, rising 1.34 yuan or 3.98% for the day, closing at 35.04 yuan; Ping An ( $PING AN (02318.HK)$ ) rose 3.4 yuan or 4.89%, closing at 73 yuan; China Pacific Insurance ( $CPIC (02601.HK)$ ) rose 1.2 yuan or 3.11%, closing at 39.74 yuan.

The optical communication concept led the gains as the Ministry of Industry and Information Technology issued the 'Notice on Carrying Out the Construction of National Computing Power Interconnection Nodes,' focusing on building computing power interconnection nodes for national hub nodes, major strategic regions, and key industries, to construct a national computing power interconnection node system. Yangtze Optical Fibre and Cable ( $YOFC (06869.HK)$ rose 13.9 yuan or 15.31%, closing at 104.7 HKD; Foxlink Precision rose 0.67 yuan or 14.11%, closing at 5.42 HKD; Gather Tech ( $TIME INTERCON (01729.HK)$ ) rose 1.54 yuan or 9.41%, closing at 17.9 yuan.

Pop Mart ( $POP MART (09992.HK)$ ) announced Labubu's annual sales exceeded 100 million units, with overall IP product sales exceeding 400 million units, rising 14 yuan or 5.76% for the day, closing at 257.2 yuan, accumulating a gain of approximately 15.03% over six consecutive days. In the new consumer stock sector, Lao Shop Gold $LAOPU GOLD (06181.HK)$ Rose by 46 yuan or 6.35%, closing at 770.5 yuan; Brucke ( $BLOKS (00325.HK)$ ) rose by 3.5 yuan or 5.05%, closing at 72.8 yuan.

ByteDance's text-to-video model Seedance 2.0 gained popularity after its release, while its competitor Kuaishou ( $KUAISHOU-W (01024.HK)$ ) fell today by 1.95 yuan or 2.74%, closing at 69.3 yuan, marking the seventh consecutive day of decline with a cumulative drop of approximately 16.46%. It was also recently warned and fined 120 million RMB by the Beijing Internet Information Office for recent live broadcasts containing large amounts of pornographic and vulgar content.

As for funds, the China Asset Management Asia High Dividend ETF ( $ChinaAMC Asia High Dividend ETF (03145.HK)$ ) continues its upward trend, rising today by 0.16 yuan or 1.09%, closing at 14.83 yuan, setting another all-time high. The ETF tracks the 'Bloomberg Asia Pacific High Dividend 40 Index,' with volatility similar to the S&P 500 Index, making it relatively more controllable compared to similar funds. Its constituent stocks are spread across over 10 regions in the Asia-Pacific area, covering different industries such as finance, energy, industrials, and technology, including Asian leaders like AIA ( $AIA (01299.HK)$ ) and China Construction Bank ( $CCB (00939.HK)$ ).

The selected stocks have been evaluated by analysts, allowing investors to achieve stable dividend returns through investing in the ETF while also benefiting from the ETF’s price appreciation. This ETF has achieved an annualized return of over +17% in the past three years, with the target annualized dividend payout increasing to 8%, aiming for stable monthly dividends. The upcoming ex-dividend date is February 11, 2026, with an expected dividend of 0.09 Hong Kong dollars per share. At the same time, investors should be aware of fluctuations in the dividend yield and concentrated holdings, making it suitable for those looking for long-term dividend income and who wish to diversify their investments into high-dividend stocks in Asia.

@孫子的末代傳人 @中戶變大戶小牛變大牛 @股海GSO

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