Hong Kong Stocks Close: Hang Seng Tech Index Falls 2.89% to Lowest Since September 2024

The scale of the move matters more than the index level: a near-3% drop in the tech gauge against a milder 1.43% decline in the broader benchmark shows the selling concentrated in growth names, not a uniform risk-off day. The double-digit falls in MINIMAX and Biren point to the smaller, more speculative listings absorbing the heaviest pressure, the kind of dispersion that often signals position unwinding rather than a broad repricing. Whether that concentration persists or broadens into the main index is the open question.