Hang Seng Index Hits Multi-Month Low as Geopolitical Tensions Hit Tech Stocks

Key Facts

1The Hang Seng Index dropped to 24,570, its lowest level since July 17th, falling over 11.65% from its yearly high.

2Major tech stocks including JD Logistics, Meituan, and Trip.com saw sharp declines as the US-Iran crisis escalated.

Amid escalating concerns over the impact of international conflicts on risk assets, the Hang Seng Index entered deeper bear market territory after dropping to 24,570. According to reports, this level represents the index's lowest point since July 17th, marking a decline of over 11.65% from its yearly peak. This downward trajectory is primarily driven by the intensifying crisis between the United States and Iran, which has pressured investors to rotate out of major growth stocks.

The sharp sell-off impacted leading technology and logistics firms, with JD Logistics, Meituan, and Trip.com seeing significant declines alongside geopolitical tensions. Per market data, JD Logistics (2618.HK) closed at HKD 10.75 on September 10, 2026, while Meituan (MPNGF) settled at USD 9.47 on the same date. these movements reflect the high sensitivity of the Chinese tech sector to external political volatility, which continues to weigh on risk appetite across Asian markets.

Traders should monitor current support levels following the breach of July lows, especially as geopolitical uncertainty persists. Based on closing prices as of September 10, 2026, 2618.HK reached a day low of HKD 10.70, while TRPCF stood at USD 39.55 (as of September 9, 2026 close). In the absence of major upcoming economic catalysts for the region in the immediate calendar, market direction will likely remain tethered to international political developments as the primary driver.