Hang Seng Tech drops more than 4%: ferrous and non-ferrous materials lead the losses

GasFeeVictim · 2026-02-13T21:09:24+00:00

Hong Kong's tech index dropped over 4% amid widespread market volatility, with the Hang Seng down 2.77%. Cyclical sectors, especially those tied to commodities, faced significant losses, indicating sensitivity to economic cycles and industrial demand uncertainty.

GasFeeVictim

2026-02-13 21:09:24

Abstract generation in progress

Hong Kong’s tech index experienced a significant decline exceeding 4% during a day of widespread volatility, while the broader Hang Seng Index fell by 2.77%. According to Jin10 data, selling pressure was especially concentrated in cyclical sectors and those heavily exposed to economic cycles.

Most affected sectors: analysis by industry

Gold and non-ferrous metals-related stocks suffered the largest declines, along with the optical communications segment, which showed vulnerability amid the overall market situation. The semiconductor sector also recorded substantial losses, establishing itself as one of the main areas of weakness during the day.

Ferrous and non-ferrous materials in the spotlight

The performance of ferrous and non-ferrous materials segments was particularly sensitive, with declines surpassing the market average. This behavior reflects these sectors’ exposure to global economic cycles and uncertainty surrounding industrial demand. Simultaneously, the construction sector, including building materials and cement, faced similar pressures amid the macroeconomic outlook.

Broader volatility context

The day highlights how traditional and industrial sectors, especially those linked to raw materials and industrial production, remain under pressure in uncertain environments. The decline of the Hang Seng Tech Index signals possible adjustments in technology portfolios and sectors related to the industrial value chain.

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