Hong Kong’s Hang Seng Index opens down 0.03%, tech sub-index falls 0.5%

The split between a near-flat benchmark and a softer tech sub-index points to rotation rather than broad risk-off, with the growth-heavy segment carrying the caution. That distinction matters for anyone tracking Hong Kong as a proxy for Asia tech sentiment, since the headline index understates the pressure where it is concentrated. Whether the gap between the two persists through the session, or the broader index catches down to tech, is the open question.