Why did the Hang Seng Index fall today?

Tech-led selling, Tencent’s drop, and US tariff uncertainty pressured risk appetite. After Monday’s jump, investors took profits and reassessed AI valuations. Broader sentiment stayed cautious as traders awaited HSBC’s results for clues on payouts and credit costs, which can influence financials and the index direction.

How much did Tencent decline and why does it matter?

Tencent shares fall over 3%. As a large index weight, a move of that size can pull the Hang Seng Index today lower. The decline reflects concern about earnings durability, AI-related spending, and policy risks, prompting investors to rotate into safer names or hold cash until catalysts improve.

What levels are important for the Hang Seng Index today?

We are watching support around 26,200 to 26,300 and resistance near 26,980. A firm close above the mid-band near 26,980 would suggest stabilization. A break below 26,200 could invite further selling, so traders often scale entries and use tight stops around these levels.

What could help Hong Kong stocks today rebound?

A constructive HSBC update on dividends and credit costs could lift financials. Positive China data or clarity on US tariff uncertainty would also help. Strong earnings from internet or AI-linked names could ease valuation concerns, improving flows into quality growth and supporting the Hang Seng Index today.

Global Market Insights

^HSI Today: February 25 — Tech Rout and Tariff Risks Drag Hang Seng

ByHuzaifa Zahoor February 25, 2026February 25, 2026

Hang Seng Index today slipped about 2%, giving back part of Monday’s surge as tech names led declines and US tariff uncertainty hit risk appetite. Tencent shares fall over 3%, while traders in Hong Kong also watch HSBC’s results for a sector read-through. The move highlights fragile sentiment around AI valuations and policy risks. We outline what drove Hong Kong stocks today, the key levels, and what catalysts could steady the market next.