Why did the Tencent stock price drop to HK$561 today?

A combination of stop-loss triggers and program selling drove a quick slide to HK$561. Once stops cleared, buyers stepped in around HK$560, helped by queued bids and a block trade. The bounce suggests that liquidity clustered at this zone, turning a sharp fall into a tradable reversal as the session progressed.

Is HK$560–HK$565 a reliable support zone for Tencent 0700.HK?

Today’s tape shows real liquidity there. Thousands of bids queued near HK$560 and a large buy printed at HK$562.5. That said, support only holds if buyers keep defending it. A clean reclaim of HK$588–HK$590 and a close above HK$600 would strengthen the case for this zone as a base.

How did the Tencent block trade at HK$562.5 affect sentiment?

A 10,400-share buy at HK$562.5, worth about HK$5.85 million, signaled institutional interest near the lows. Such prints often steady the tape by absorbing supply. It reinforced the HK$560–HK$565 area as a liquidity pocket and helped the market frame risk for intraday trades around that range.

What levels matter if the Hang Seng today stays choppy?

For Tencent, HK$560–HK$565 is the support shelf and HK$600–HK$610 is the first resistance band. Holding above HK$588–HK$590 would aid a constructive tone. If the index remains choppy, traders can size positions around these levels and watch sector baskets for confirmation from broader China internet flows.

Global Market Insights

0700.HK Stock Today: February 3 Slide to HK$561 Sparks Heavy Buying

ByHuzaifa Zahoor February 3, 2026

The Tencent stock price slid about 6% intraday to HK$561 on Feb 3 before bouncing. We track 0700.HK in real time at Meyka. Liquidity clustered at HK$560–HK$565, including a large print at HK$562.5. Volume swelled to about 65.1 million shares, nearly 3.9 times its average, as stop-loss selling met quick dip buying. The stock was last near HK$581, within a choppy tape that also pressured the Hang Seng today, and then steadied as buyers returned.