---
title: "Hang Seng Tech Index (HKHSTECH)A journalist friend asked, why has the Hang Seng Tech Index been perf"
description: "Hang Seng Tech Index (HKHSTECH)A journalist friend asked, why has the Hang Seng Tech Index been performing so insanely well these past two days? Why such a big rally? Let me be blunt: I think searchin"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/20759137.md"
published_at: "2024-04-26T06:45:41.000Z"
author: "[陈达美股投资](https://longbridge.com/en/profiles/2234852)"
---

# Hang Seng Tech Index (HKHSTECH)A journalist friend asked, why has the Hang Seng Tech Index been perf

Hang Seng Tech Index (HKHSTECH)

A journalist friend asked, why has the Hang Seng Tech Index been performing so insanely well these past two days? Why such a big rally? Let me be blunt: I think searching for causality in everything is a relic of our hunter-gatherer instincts - there aren't always clear reasons. The tech stock rally in Hong Kong either has no single cause, or has countless causes. Your buying is a cause, my buying is a cause, even someone not selling becomes a cause. Short covering is a cause, continuous southbound capital inflow is a cause. The fundamental reason is simply that valuations have been suppressed for too long. The potential energy was there - the specific trigger doesn't matter at all. Or rather, you could never predict exactly when the breakout would happen. Expectation recalibration, ideological liberation, greed unleashed.

### Related Stocks

- [STECH.HK - Hang Seng TECH Index](https://longbridge.com/en/quote/STECH.HK.md)

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