What moved the Hang Seng Index today?

The index fell 1.8% to 26,590 as tech weakness outweighed strength in defensives and some chip names. Turnover rose to about HK$251 billion on returning northbound funds. Large internet platforms slipped, while AI play Zhipu jumped on its GLM-5 launch, highlighting notable sector divergence and active rotation.

How did the Hang Seng Tech Index perform?

It declined 2.1% as Meituan, Tencent, and Alibaba retreated, reflecting softer sentiment toward large platform stocks. The move came despite heavy turnover and stronger interest in semis and utilities. Stock selection remains key as investors weigh earnings catalysts and potential policy signals during the Two Sessions in early March.

Why do northbound funds matter for Hong Kong stocks?

Northbound funds link mainland investors to Hong Kong via Stock Connect. When flows turn positive, liquidity improves and large caps often stabilize first. But these flows can reverse quickly around events. We track daily net purchases, breadth, and block prints to gauge conviction rather than using flows as a standalone signal.

What should investors focus on this week?

Watch earnings and guidance on cash returns, costs, and AI monetization. Monitor policy hints tied to the Two Sessions that could affect consumption, property, or tech investment. Use a catalyst-and-liquidity approach, track northbound flows, and manage risk with defined stops and right position sizes to handle volatility.

Global Market Insights

Hang Seng Index Today, February 24: Tech Drag as Turnover Tops HK$251B

ByHuzaifa Zahoor February 24, 2026February 24, 2026

Hang Seng Index today fell 1.8% to 26,590, while the Hang Seng Tech Index dropped 2.1%. Turnover swelled to about HK$251 billion as northbound funds returned, lifting activity across Hong Kong stocks. Internet leaders such as Meituan, Tencent, and Alibaba eased, but AI play Zhipu jumped after its GLM-5 launch. Elevated volumes and mixed sector signals point to rotation ahead of earnings and the Two Sessions in early March. We outline what drove moves, key risks, and a practical trading plan for the week.