Hang Seng Index Closes Down 1.03%, Hang Seng Tech Index Falls 2.72%

The outsized declines in GDS, Lenovo, YOFC and the chip names point to a selloff concentrated in data-centre, hardware and semiconductor exposure rather than broad Hong Kong risk, with the tech index falling nearly three times as hard as the main benchmark. That gap suggests investors are repricing AI-infrastructure and computing supply-chain names specifically, not the market as a whole. Whether that pressure stays confined to these segments or bleeds into the wider index is the open question.