Hong Kong’s stock market commenced trading on a negative note, weighed down by concerns over a possible tech sell-off. The Hang Seng Index saw an initial dip as investors responded to prevailing global market trends and reassessed their holdings in the technology sector.

Market analysts attribute the downturn to a combination of factors, including:

• Rising bond yields impacting growth stock valuations
• Profit-taking after recent gains in the tech sector
• Uncertainty surrounding upcoming economic data releases

Specific tech stocks listed on the Hong Kong exchange experienced notable declines, contributing to the overall market sentiment. Investors are closely monitoring market developments and awaiting further cues to gauge the direction of trading for the remainder of the session.