Why did the Hang Seng Index fall today?

Large-cap tech shares weakened, pulling the benchmark lower by 292 points to 26,413. Risk sentiment was also cautious as oil and gold rose on Middle East tensions. While broad tech slipped, AI-linked names gained, which narrowed some losses. Overall, momentum remained soft with RSI below 50 and a weak-trend ADX.

Which sectors outperformed within Hong Kong stocks?

AI concept stocks and humanoid-robot plays outperformed. Zhipu AI climbed about 43%, and several robotics-related counters rallied. Defensives with links to oil or gold also found buyers as commodities firmed. This split tape showed rotation away from platform tech toward growth themes with momentum and more defensive, cash-generative exposures.

Is the AI rally, including Zhipu AI, likely to continue?

Continuation depends on breadth and volume. If more AI concept stocks participate with steady turnover, leadership can last. Watch if gains hold on pullbacks and whether key index levels are reclaimed. Any sharp drop in volume or single-stock spikes without follow-through would warn the move is becoming narrow and fragile.

What key technical levels should traders watch on the Hang Seng Index today?

Near-term resistance sits around 26,700 and the Bollinger mid-band near 26,957. Support is close to 26,155. Volatility is elevated, with ATR near 431 points, so intraday swings can be wide. A Stochastic recovery above 20 and a close back over the 50-day average would improve the setup.

Global Market Insights

Hang Seng Index Today: AI, Robotics Surge as Tech Slides – February 21

ByDanny Kontos February 21, 2026February 21, 2026

The Hang Seng Index today fell 292 points to 26,413, as Hong Kong stocks slipped on weakness in large-cap tech. AI concept stocks and humanoid-robot plays bucked the drop, with Zhipu AI jumping about 43%. Oil and gold rose on Middle East tensions, adding a defensive tone. We review levels, sector moves, and signals traders in Hong Kong are watching. The setup now hinges on whether AI strength can sustain and offset ongoing softness in platform tech.