Hang Seng Opens 0.95% Lower at 24,718.15; Tech Index Down 1.36%

A soft Hong Kong open led by the tech gauge points to risk appetite cooling in the city's most sentiment-sensitive segment, with the broader index's shallower decline suggesting the weakness is concentrated rather than broad-based. That gap matters because Hang Seng Tech has become the main conduit for both mainland policy signals and global tech flows into Hong Kong. Whether the tech index keeps underperforming the wider benchmark through the session, or the two converge, is the open question worth watching.