After reaching a cyclical high on October 2, 2025, the HANG SENG TECH Index has continued to decline. According to Wind data, as of May 26, 2026, the index has fallen by more than 24% cumulatively, underperforming major global technology indices. Analysts point out that this is primarily due to the index's low AI composition and an over-reliance on consumer discretionary stocks. With the inclusion of leading AI large-scale models such as MiniMax-W and Zhipu, market expectations suggest that the index structure will improve. Currently, the index's valuation is at a historical low, making it a valuable opportunity for gradual positioning.
