Hong Kong Technology Index drops over 4%, with prices of tin and non-ferrous metals sectors under significant pressure

RektButAlive · 2026-02-09T16:00:45+00:00

Hong Kong stock markets generally declined this week, with the technology sector performing weakly. The Hang Seng Tech Index fell more than 4%. The decline in global commodity prices affected related stocks, with industries such as gold, non-ferrous metals, and building materials all suffering setbacks. Market sentiment aligns with expectations of slowing economic growth.

RektButAlive

2026-02-09 16:00:45

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Hong Kong stock markets experienced a broad correction this week, with technology-related stocks performing the weakest. According to data from Jin10 Financial Platform, the Hang Seng Tech Index dropped more than 4% in a single day, far exceeding the 2.77% decline of the overall Hang Seng Index. This divergence reflects investors’ increasing risk aversion towards tech stocks.

Major Indices Both Decline, Commodity-Related Stocks Under Pressure

The Hang Seng Index fell 2.77% overall, but the decline in the tech sector was significantly deeper. Behind this situation is a close correlation with the softening of global commodity prices—harga seng, an important indicator for industrial metals, has recently come under pressure, directly impacting the stock performance of related industry chains.

Non-Ferrous Metals and Building Materials Sectors Hit Hard

In this round of correction, several key industries became focal points of decline. Gold stocks, optical communications, non-ferrous metals, semiconductors, building materials, and cement sectors all suffered setbacks. Especially in the non-ferrous metals sector, raw material prices like harga seng have retreated, limiting profit margins for companies and putting pressure on stock prices. The building materials and cement industries are also facing weak demand, exacerbating the downward trend. Market sentiment has shifted in line with expectations of a slowdown in global economic growth.

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