What moved the Hang Seng Index today?

A broad tech-led rally lifted the Hang Seng Index by 2.5% to 27,081. Platform stocks and semiconductors outperformed, while gold and lithium names gained on supportive bank calls. AI hardware and robotics lagged as investors rotated toward cash-generative growth and select cyclicals ahead of the March rebalancing.

Why did the Hang Seng Tech Index outperform?

Improving sentiment toward large platforms, better cost control, and hopes for steadier ad and cloud demand helped. Valuations looked appealing after consolidation, drawing buyers into liquid leaders. This lifted the Hang Seng Tech Index by 3.3% and supported breadth across Hong Kong stocks today, especially in growth-sensitive groups.

How do Southbound flows affect Hong Kong stocks?

Southbound Stock Connect flows channel mainland liquidity into Hong Kong shares. When buying is strong, large-cap tech and index heavyweights often see tighter spreads and higher turnover. Anticipated inflows around key dates, such as index rebalancing, can amplify moves and create short-term opportunities in the Hang Seng Index.

What should traders watch in HSI futures now?

Look for confirmation of trend via futures basis, volume, and overnight cues. A steady premium and rising participation can validate spot strength. Monitor US yields, USD/CNH, and China macro releases for cross-asset signals. If breadth and turnover hold up, dips may continue to attract buyers near support.

Global Market Insights

Hang Seng Index Today, February 23: Tech, Gold, Lithium Lead 2.5% Jump

ByDanny Kontos February 23, 2026

The Hang Seng Index rose 2.5% to 27,081 on 23 February, powered by platform tech, semiconductors and resources. The Hang Seng Tech Index climbed 3.3%. Gold miners advanced on bullion strength and Goldman’s US$5,400 per ounce 2026 target, roughly HK$42,100, while lithium names gained on UBS’s “third supercycle” call. AI model and robotics plays lagged. Rotation, anticipated Southbound flows, and the 9 March HSI rebalancing kept Hong Kong stocks today in risk-on mode. We also watch HSI futures for follow-through into the next session.