The Hang Seng TECH Index closed lower on January 10, 2025, at 4,260.82 HKD, shedding 50.72 points or 1.18%. The performance comes as part of a continued downward trend, with the index losing 3.87% over the last five days and 7.64% in the past month. Despite these recent declines, the index has gained 24.06% year-over-year and 13.73% over the past six months. However, the long-term performance remains subdued, with a five-year and all-time drop of 38.41%.
The year-to-date performance of the index stands at -3.97%, reflecting broader investor caution amid global market volatility. Analysts attribute the short-term losses to a mix of profit-taking by investors after a robust six-month rally and concerns about growth in the tech sector.
Key performance highlights:
- Daily close: 4,260.82 HKD (-50.72 points, -1.18%)
- 5-day performance: -3.87%
- 1-month performance: -7.64%
- 6-month performance: +13.73%
- Year-to-date performance: -3.97%
- 1-year performance: +24.06%
- 5-year/all-time performance: -38.41%
Disclaimer: The information provided is for informational purposes only and should not be considered financial advice. Market performance is subject to risks, and investors are advised to conduct their own research.