--- title: "Hong Kong Stock Market Close (06.08) | Hang Seng Index closed down 1.22%, oil and gas, and robotics concepts rose against the trend, while all non-ferrous metals were under pressure" type: "News" locale: "en" url: "https://longbridge.com/en/news/289024727.md" description: "Affected by the strong U.S. non-farm payroll data raising interest rate expectations and the fluctuating situation in the Middle East, the three major indices of the Hong Kong stock market fell. The Hang Seng Index closed down 1.22%, and the Hang Seng TECH Index fell 2.71%. The oil and gas and robotics sectors rose against the trend, while the non-ferrous metals sector came under pressure. Huatai Securities recommends focusing on stocks with heavy short-selling pressure and stable earnings, as well as high-dividend defensive stocks. Mengniu Dairy is favored by Morgan Stanley, leading the blue-chip stocks" datetime: "2026-06-08T08:35:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289024727.md) - [en](https://longbridge.com/en/news/289024727.md) - [zh-HK](https://longbridge.com/zh-HK/news/289024727.md) --- # Hong Kong Stock Market Close (06.08) | Hang Seng Index closed down 1.22%, oil and gas, and robotics concepts rose against the trend, while all non-ferrous metals were under pressure According to Zhitong Finance APP, the strong non-farm payrolls in the U.S. have raised interest rate hike expectations, coupled with the fluctuating situation in the Middle East, leading to a decline in the three major Hong Kong stock indices. The Hang Seng TECH Index fell more than 3% in the afternoon. By the close, the Hang Seng Index dropped 1.22% or 304.89 points, closing at 24,657.06 points, with a total turnover of HKD 36.3975 billion; the Hang Seng China Enterprises Index fell 1.13%, closing at 8,341.36 points; the Hang Seng TECH Index fell 2.71%, closing at 4,755.91 points. Huatai Securities pointed out that against the backdrop of emerging overseas liquidity risks, from a short-term perspective, it is recommended to focus on varieties that have heavy short-selling pressure during the previous adjustments, while profit expectations stabilize, such as consumer discretionary, media, and high-dividend defensive varieties like banks. Regarding the AI hardware chain, the firm believes that there are no strong absolute returns and excess returns conditions in the short term, with the next key window being the U.S. earnings season in July. ## **Blue Chip Performance** Mengniu Dairy (02319) led the blue chips. By the close, it rose 3.15%, closing at HKD 16.39, with a turnover of HKD 619 million, contributing 2.43 points to the Hang Seng Index. Morgan Stanley's research report indicated that it expects Mengniu Dairy's stock price to rise in absolute terms within the next 15 days, with an estimated probability of 70% to 80% (or "very likely"). The firm maintains its view that liquid milk will resume growth in 2026, with overall sales expected to grow by 5.5%. In other blue chip stocks, Longfor Group (00960) rose 2.7%, closing at HKD 7.99, contributing 0.81 points to the Hang Seng Index; CNOOC (00883) rose 1.96%, closing at HKD 27.06, contributing 12.86 points to the Hang Seng Index; China Molybdenum (03993) fell 6.31%, closing at HKD 16.94, dragging down the Hang Seng Index by 6.77 points; Aluminum Corporation of China (02600) fell 5.86%, closing at HKD 10.12. ## **Popular Sectors** On the market, large tech stocks were all in the red, with Alibaba down nearly 3% and Tencent down over 1%. The renewed conflict between Israel and Iran led to a more than 4% surge in international oil prices, with oil and gas stocks expanding their gains in the afternoon; May excavator sales growth exceeded expectations, leading to strong performance in construction machinery stocks; frequent catalysts for robotics both domestically and internationally saw related concept stocks rise against the trend; some dairy stocks, coal stocks, and domestic bank stocks rose. On the other hand, strong non-farm payrolls raised interest rate hike expectations, causing non-ferrous metals to decline across the board; optical communication, semiconductor, and aviation stocks faced pressure. **1\. Oil and gas stocks expanded their gains in the afternoon.** By the close, Shandong Molong (00568) rose 25.75%, closing at HKD 6.74; Baikang Oil Services (02178) rose 9.33%, closing at HKD 0.211; CNOOC (00883) rose 1.96%, closing at HKD 27.06. On June 8, international oil prices surged rapidly, with both WTI and Brent crude oil rising over 4%. On the evening of June 7 local time, Iran launched a ballistic missile attack on Israel's northern Ramat David Air Force Base in response to Israel's military actions against Lebanon. This was the first attack by Iran on Israel since the ceasefire took effect on April 8. According to CCTV International News, on the morning of June 8, security officials in Iran's Khuzestan Province stated that the Karan Mahshahr Petrochemical Company in the province was attacked by the Israeli military, resulting in damage to some facilities According to Xinhua News Agency, the Israel Defense Forces reported on the morning of the 8th that they detected missiles launched from the direction of Iran. The Israeli military stated that the air defense system has initiated interception operations. Air raid sirens sounded in Jerusalem. **2\. Some robotics concepts shine.** By the close of trading, Estun (02715) rose 12.33% to HKD 20.4; Wuyi Vision (06651) rose 13.74% to HKD 144.0; LeddarTech (01236) rose 7.40% to HKD 39.2; UBTECH (09880) rose 6.71% to HKD 117.7. Recently, the robotics concept has been frequently catalyzed. On June 1, Yushu Technology's IPO was approved on the STAR Market; Jensen Huang announced that NVIDIA and Yushu Technology will collaborate to launch a new generation of humanoid robots; in addition, Huang also stated that robotics technology and physical AI will be the next focus of industrial development. Previously, an influencer in the external stock market stated that when laying out the humanoid robot track, the Chinese listed company they were most optimistic about was Green Harmony. Notably, Tesla's robot mass production process is accelerating, with the Fremont factory completing production line renovations, expected to start production in July-August 2026, with an annual capacity of one million units, and the V3 version may debut at the end of June. **3\. Engineering machinery stocks rise against the trend.** By the close of trading, SANY Heavy Industry (06031) rose 7.68% to HKD 21.44; China Longgong (03339) rose 4.87% to HKD 2.8; Zoomlion (01157) rose 3.51% to HKD 7.97. According to statistics from the China Construction Machinery Industry Association on major excavator manufacturers, 24,794 excavators of various types were sold in May 2026, a year-on-year increase of 36.2%. Among them, domestic sales were 11,628 units, a year-on-year increase of 38.6%; exports were 13,166 units, a year-on-year increase of 34.2%. Dongfang Securities believes that the sales growth rate of excavators in May exceeded expectations, with exports continuing to maintain rapid growth and sustained high prosperity. The firm believes that the competitiveness of Chinese construction machinery companies going overseas continues to strengthen, reflecting the high efficiency of domestic manufacturing and operations, while the impact of exchange rates is minimal. In addition, product prices have gradually increased recently, which the firm believes is also beneficial for improving long-term profitability. The firm continues to be optimistic about investment opportunities in the construction machinery sector going overseas. **4\. Non-ferrous stocks decline significantly.** By the close of trading, China Nonferrous Mining (01258) fell 8.17% to HKD 13.38; Zijin Mining International (02259) fell 8.78% to HKD 107.0; Luoyang Molybdenum (03993) fell 6.31% to HKD 16.94; China Aluminum (02600) fell 5.86% to HKD 10.12. The U.S. Bureau of Labor Statistics released data showing that 172,000 non-farm jobs were added in May, nearly double the market expectation of 88,000. Goldman Sachs economists no longer expect the Federal Reserve to cut interest rates this year due to a stronger-than-expected labor market. The firm has pushed back its predictions for the last two rate cuts by the Federal Reserve from December 2026 and March 2027 to June and December 2027. Cathay Pacific Securities believes that in a situation of tight supply and demand balance, the supply-demand balance sheet is important, but more attention should be paid to the macro factors that core influence metal price trends, including monetary policy, macro expectations, geopolitical games, and supply disruptions, which will become the decisive factors ## **Popular Volatile Stocks** **China Aviation Technology Holdings (00232)** **surged** **with increased volume**. As of the close, **up 90.59%, at HKD 0.385.** China Aviation Technology Holdings announced that it has agreed to sell all issued share capital of its wholly-owned subsidiary Motto Investment Limited, which primarily operates in the general aviation aircraft piston engine business. The expected sale price is between USD 500 million and USD 520 million. The board recommends that the entire sale price be distributed as a special dividend for the sale and will apply for the delisting of its shares after the transaction. **Days Intelligent Chip (09903)** **rose throughout the day**. As of the close, **up 12.68%, at HKD 462.0.** The Shanghai and Shenzhen Stock Exchanges announced that, according to relevant regulations, the list of eligible securities for the Hong Kong Stock Connect has been adjusted, with Days Intelligent Chip being added, effective from June 8. Cathay Pacific Securities pointed out that Days Intelligent Chip is a leading domestic provider of general GPU products and AI computing solutions, focusing on AI training GPUs, AI inference GPUs, AI computing servers/clusters, and supporting software ecosystems. **"JianTao System" stocks performed strongly**. As of the close, **JianTao Group (00148) up 15.08%, at HKD 71.75; JianTao Laminated Board (01888) up 12.08%, at HKD 55.95.** Citi's research report indicated that due to recent inflation in electronic glass cloth prices being higher than expected, the bank still prefers JianTao Laminated Board over JianTao Group, as it enjoys stronger earnings upgrade potential. The bank believes that the price increase of electronic glass cloth will soon (expected by the end of this month) translate into inflation in the average selling price of copper-clad laminates (CCL). **Shenghong Technology (02476)** **suffered a sharp decline**. As of the close, **down 8.19%, at HKD 338.4.** Recently, rumors involving Shenghong Technology executives have surfaced online. According to the Daily Economic News, this morning, Shenghong Technology stated to reporters that the company has noted the relevant information, but the content reflected in the online videos and related information is unrelated to the company's production and operational activities, nor does it involve the company's governance, internal controls, or any material information that should be disclosed. 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