Hang Seng Index turns negative, down 0.4%; Hang Seng Tech down 0.2%

The reversal matters more than the closing level: the tech gauge gave back an early gain of nearly 2%, a sign that follow-through buying faded rather than that sentiment turned outright bearish. That intraday swing suggests positioning remains fragile and rallies are being used to lighten exposure. Whether the broader index's negative turn and the tech gauge's retreat hold into the close is the open question, since a late-session recovery would read very differently from a further slide.