---
title: "Selling pressure on precious metal technology stocks spreads to the Asia-Pacific market, with the Hang Seng Index falling 0.25% | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274493305.md"
description: "The Asia-Pacific stock markets collectively declined due to the drop in precious metal prices and selling pressure on technology stocks. The FTSE Straits Times Index fell 0.25% to 4,892.80 points, with a total trading volume of 1.58 billion shares and a total value of SGD 2.13 billion. Only seven constituent stocks rose, with Jardine Matheson Holdings up 1.28% to USD 73.70, and Hongkong Land down 2.47% to USD 8.28. The Seoul stock market plummeted 5.26%, while Shenzhen, Shanghai, and Hong Kong fell 2.54%, 2.48%, and 2.23%, respectively. Sydney, Tokyo, and Taiwan saw declines ranging from 1.05% to 1.37%"
datetime: "2026-02-02T09:32:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274493305.md)
  - [en](https://longbridge.com/en/news/274493305.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274493305.md)
---

# Selling pressure on precious metal technology stocks spreads to the Asia-Pacific market, with the Hang Seng Index falling 0.25% | Lianhe Zaobao

Published / February 2, 2026, 17:30

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The FTSE Straits Times Index fell 0.25% or 12.33 points on Monday (February 2), closing at 4892.80 points. Only seven constituents rose. (File photo)

With a significant drop in precious metal prices and selling pressure on technology stocks, the Asia-Pacific stock markets collectively declined on Monday (February 2). The FTSE Straits Times Index fell 0.25% or 12.33 points, closing at 4892.80 points.

The local stock market had a trading volume of 1.58 billion shares throughout the day, with a total trading value of SGD 2.13 billion; 200 stocks rose, while 453 stocks fell.

Among the constituents of the index, only seven stocks rose, with Jardine Matheson Holdings (JMH) performing the best, rising 1.28% to USD 73.70. Fourteen stocks declined, with Hongkong Land under the most pressure, falling 2.47% to USD 8.28.

In other Asia-Pacific markets, the recently surging Seoul stock market plummeted 5.26%; Shenzhen, Shanghai, and Hong Kong fell 2.54%, 2.48%, and 2.23%, respectively. Sydney, Tokyo, and Taiwan saw declines ranging from 1.05% to 1.37%.

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The FTSE Straits Times Index fell 0.25% or 12.33 points on Monday (February 2), closing at 4892.80 points. Only seven constituent stocks rose. (File photo)

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