---
title: "The Hang Seng TECH Index fell by 10% in February, down 23% from its high in October last year"
description: "The Hang Seng TECH Index fell 10% in February, marking the largest monthly decline since January 2024, with a cumulative drop of 23% since its peak in October last year. The main reasons include weak "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277172618.md"
published_at: "2026-02-27T08:54:02.000Z"
---

# The Hang Seng TECH Index fell by 10% in February, down 23% from its high in October last year

> The Hang Seng TECH Index fell 10% in February, marking the largest monthly decline since January 2024, with a cumulative drop of 23% since its peak in October last year. The main reasons include weak corporate earnings and insufficient buying from mainland investors, leading to a decline in market confidence. Investors are shifting their funds towards chip manufacturers and newly listed AI companies. Mainland investors sold stocks in Hong Kong, totaling HKD 11.4 billion, marking the largest capital outflow since the end of August. Baidu was one of the biggest decliners this month, down 19%

The Hang Seng TECH Index fell 10% in February, marking the largest monthly decline since January 2024, affected by weak corporate earnings and insufficient buying from mainland investors. The index is currently in a bear market, down 23% from its high in October last year.

Due to high valuations and increasing market competition, confidence in China's tech giants has cooled. Meanwhile, investors have further shifted funds towards chip manufacturers and newly listed AI companies.

Yesterday (26th), mainland investors sold stocks worth HKD 7.4 billion in Hong Kong, adding to the HKD 4 billion in sales from the previous day, which will mark the largest capital outflow since the record set at the end of August. Baidu (09888.HK) is one of the biggest decliners in the Hang Seng TECH Index this month, down 19%

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.