Hang Seng Tech Index Falls 24% Since October High, Underperforms Global Tech Indices

GateNews
According to Wind data, the Hang Seng Tech Index has declined over 24% since hitting a peak on October 2, 2025, underperforming major global technology indices as of May 26, 2026. Market analysts attribute the weakness to the index's low artificial intelligence exposure and overweight in discretionary consumer sectors. The potential addition of AI language model leaders including MiniMax-W and Zhipu to the index is expected to drive structural optimization. The index's valuation is currently at historically low levels.
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