Hang Seng Tech Index falls over 5% in afternoon trade, losing 3,800 points

The move is notable less for its size than for its breadth: the tech gauge's decline outpacing the broader Hang Seng by a wide margin suggests selling concentrated in growth and platform names rather than a uniform market-wide de-risking. That distinction matters for anyone tracking Hong Kong's tech-heavy exposure, since it points to sentiment specific to that segment. Whether the gap between the two indices narrows or widens in the coming sessions is the open question worth watching.