Hang Seng Retreats After Recent Strength

2026-02-12 08:26 By Farida Husna 1 min. read

The Hang Seng fell 234 points, or 0.9%, to close at 27,032 on Thursday, halting gains from the prior three sessions as tech, consumer, and financial shares weighed.

Sentiment weakened ahead of China’s extended Lunar New Year break from February 15, while Premier Li Qiang’s call for greater tech innovation and AI adoption failed to lift markets.

Caution also grew ahead of January home price data in China after December’s print hit the steepest drop in five months.

Still, losses were capped by a rebound in U.S.

futures, supported by steady labor trends and optimism that inflation data may reinforce the Fed’s near-term pause on rates.

Back in China, the PBoC pledged to cut banks’ liability costs, keep financing cheap, and guard against systemic risks, while reiterating support to spur domestic demand.

Lenovo dropped 4.6% on weaker profits, while NetEase slid 4.1% after a Q4 miss.

Alibaba Hong Kong eased 0.9% despite efforts to reposition its flagship AI product as a consumer-facing agent.



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