Why did the Tencent stock price drop on Feb 04?

Liquidity thinned and sell orders swept the book, pushing price to an intraday low near HK$561. A 10,400-share block then printed at HK$562.5, with heavy bids around HK$560 helping the rebound. Index weight amplified the move, pressuring the Hang Seng Index until buyers stepped back in.

Where is support and resistance for Tencent shares now?

Near-term support sits around HK$560, where thick bids appeared. Initial resistance is HK$600 to HK$610. ATR near 12.52 suggests wider swings, so allow some noise. A sustained close above HK$600 would improve momentum. A decisive break below HK$560 would weaken the setup for Tencent shares.

How does Tencent affect the Hang Seng Index?

Tencent’s large weight means sharp swings can move the Hang Seng Index. Today’s drop pulled the benchmark lower intraday. The V-shaped rebound helped sentiment stabilize. When the Tencent stock price moves quickly, index futures, ETFs, and related constituents often react in the same direction.

Is the Tencent stock price attractive for long-term investors?

Valuation sits near 24.34x PE with solid profitability metrics. Our Meyka Stock Grade is B+ with a BUY suggestion, though factor signals are mixed. Many investors prefer staged buys near support, like HK$560, and reassess after the 2026-03-18 earnings to confirm growth, margins, and guidance.

Global Market Insights

0700.HK Stock Today: February 04 – Block Buy at HK$562.5 After Flash Drop

ByHuzaifa Zahoor February 4, 2026February 4, 2026

The Tencent stock price slid about 6% in Hong Kong on Feb 04 after a sharp air-pocket to HK$561, then staged a fast V-shaped rebound. We tracked 0700.HK flows showing a 10,400-share block buy at HK$562.5 and heavy bids queuing near HK$560. That order depth signals a near-term support area traders are watching. The move added pressure on the Hang Seng Index during morning trade, but dip-buying helped stabilize sentiment. We break down levels, signals, and what today’s action may mean for the next sessions.