Hang Seng Opens Down 0.57% at 23,871.91; Tech Index Falls 0.35%

The split between a softer headline index and firmer chip names points to rotation rather than broad risk-off selling, with semiconductor exposure drawing demand even as the wider market opens weaker. That divergence is the signal worth noting: tech hardware is behaving differently from the aggregate tech gauge. Whether chip names can keep outperforming while the Hang Seng Tech Index slips is the open question, and it will show if this is conviction in the sector or just a narrow, short-lived bid.