---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42847339.md"
description: "$Hang Seng Index(00HSI.HK) lost the 25,000 mark!Behind today's Hong Kong stock market adjustment, funds are undergoing a major rotation.The atmosphere in the Hong Kong stock market was weak right from the open. After opening lower, it continued to fluctuate and weaken, with the Hang Seng Index directly breaking through the 25,000 level, and the Hang Seng Tech Index facing even greater pressure.The divergence in the market was quite extreme. Tech and internet heavyweight stocks, which had risen significantly before, saw profit-taking, dragging down the broader market.Funds seeking safety moved into gold and non-ferrous resource stocks for shelter. Semiconductors and hard tech remained relatively resilient, while consumer goods, automotive, and many AI application stocks continued to face pressure.In simple terms, funds are rotating. Investors are hesitant to chase high-flying volatile assets and are reducing positions to shift towards defensive sectors.The market currently lacks new positive catalysts. Coupled with escalating geopolitical tensions abroad, many investors have chosen to lock in profits first. Consequently, every rally lacks strength, and buying support is average.Technically, 25,000 has now become a resistance level. The short-term key lies in whether the 24,800 support can hold.If it holds, there is a chance for a rebound. If it breaks, the adjustment space will expand further. In the future market, key focus areas include northbound capital flows, the performance of US tech stocks tonight, and changes in market sentiment driven by gold and oil prices."
datetime: "2026-07-22T06:43:34.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42847339.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42847339.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42847339.md)
author: "[一帆哥](https://longbridge.com/en/profiles/2076869850756333568.md)"
generator: "portal-rs"
---

# $Hang Seng Index(00HSI.HK) lost the 25,000 mark!Be…


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## Comments (1)

- **Ivan Flash · 2026-07-22T07:39:40.000Z**: It seems it will continue to fall slowly


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