The Hang Seng TECH Index closed at 4,444.19 HKD on December 20, marking a modest increase of 0.11% (+4.72 HKD) as markets ended trading. Despite the minor daily uptick, the index recorded mixed trends over various timeframes.
Over the past five trading days, the index declined by 0.81%. However, it showed a positive trajectory in the last month, gaining 1.64%. Long-term gains over six months were robust at 19.44%, with year-to-date growth reaching 16.85%. The index also achieved a 20.79% increase over the past year, highlighting recovery momentum.
Despite these short-term improvements, the Hang Seng TECH Index has underperformed over extended periods. It recorded a significant 35.88% decline over five years and a cumulative loss of 35.76% since its inception, underscoring lingering market challenges.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always consult a professional before making investment decisions.