{"id":306063,"date":"2026-10-13T16:50:57","date_gmt":"2026-10-13T11:20:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=306063"},"modified":"2026-10-13T16:50:57","modified_gmt":"2026-10-13T11:20:57","slug":"hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/","title":{"rendered":"Hong Kong Stock Market: Hang Seng Index Recovers From Intraday Losses, Extends Gains for 3rd Day, What Gave It a Boost?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Hang Seng index: recovered from steep intraday losses on 13 Oct 2026 and extended gains for a third day (per the headline). Tech sell-off hit KOSPI (down as much as 7.4%), Nikkei 225 (about 2.5%) and Taiex (about 2.5%). The official closing level was not verified.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Hang Seng index recovered from steep intraday losses on Tuesday 13 October 2026 and extended gains for a third day, while markets in South Korea, Japan and Taiwan fell in a tech sell-off. Early reports had the Hang Seng index and the Shanghai Composite down about 1%, so the recovery was a sharp turnaround. Investors weighed competition from Chinese chipmakers and growing concern about AI valuations after reports of progress at ChangXin Memory Technologies. I could not verify the official Hang Seng close, so check the exchange for the final level.<\/p>\n<\/p><\/div>\n<p>The Hang Seng index ended a volatile Asian session on a better note than its neighbours. Hong Kong and mainland Chinese indexes pared steep early losses, while South Korea, Japan and Taiwan stayed lower as technology shares were sold.<\/p>\n<p>This article explains what hit Asian markets, why the Hang Seng index held up better, which levels matter next and what could move it from here. Where a number could not be verified, I say so.<\/p>\n<p>The key point for readers is that Hong Kong and the tech-heavy markets of North Asia reacted to the same news in different ways. Korea and Taiwan are deeply tied to chip makers, so a threat to chip pricing hit them harder.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#Hang_Seng_Index_and_Asian_Markets_on_13_October_2026\" title=\"Hang Seng Index and Asian Markets on 13 October 2026\">Hang Seng Index and Asian Markets on 13 October 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#What_Hit_Asia_Chinese_Chipmakers_and_the_Tech_Sell-Off\" title=\"What Hit Asia: Chinese Chipmakers and the Tech Sell-Off\">What Hit Asia: Chinese Chipmakers and the Tech Sell-Off<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#Why_the_Hang_Seng_Index_Recovered_AI_Valuations_Versus_Hong_Kong_Mix\" title=\"Why the Hang Seng Index Recovered: AI Valuations Versus Hong Kong Mix\">Why the Hang Seng Index Recovered: AI Valuations Versus Hong Kong Mix<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#What_Could_Move_the_Hang_Seng_Index_Next\" title=\"What Could Move the Hang Seng Index Next\">What Could Move the Hang Seng Index Next<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#What_to_Watch_Next_for_the_Hang_Seng_Index\" title=\"What to Watch Next for the Hang Seng Index\">What to Watch Next for the Hang Seng Index<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#Why_did_the_Hang_Seng_index_recover_from_intraday_losses\" title=\"Why did the Hang Seng index recover from intraday losses?\">Why did the Hang Seng index recover from intraday losses?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#What_caused_the_tech_sell-off_in_Asia_on_13_October_2026\" title=\"What caused the tech sell-off in Asia on 13 October 2026?\">What caused the tech sell-off in Asia on 13 October 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#How_much_did_the_KOSPI_fall\" title=\"How much did the KOSPI fall?\">How much did the KOSPI fall?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#What_did_Samsung_and_SK_Hynix_do\" title=\"What did Samsung and SK Hynix do?\">What did Samsung and SK Hynix do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#What_was_the_Hang_Seng_index_close_on_12_October_2026\" title=\"What was the Hang Seng index close on 12 October 2026?\">What was the Hang Seng index close on 12 October 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#Are_Chinese_chipmakers_a_threat_to_Samsung_and_SK_Hynix\" title=\"Are Chinese chipmakers a threat to Samsung and SK Hynix?\">Are Chinese chipmakers a threat to Samsung and SK Hynix?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#What_are_the_AI_valuations_concerns\" title=\"What are the AI valuations concerns?\">What are the AI valuations concerns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/hang-seng-index-recovers-from-intraday-losses-extends-gains-for-3rd-day-chinese-chipmakers-ai-valuations-tech-sell-off-what-gave-it-a-boost\/#What_should_investors_watch_next\" title=\"What should investors watch next?\">What should investors watch next?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Hang_Seng_Index_and_Asian_Markets_on_13_October_2026\"><\/span><strong>Hang Seng Index and Asian Markets on 13 October 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Asian markets were mixed on Tuesday. The table uses early or intraday figures from market reports, apart from the Samsung and SK Hynix closes, so final numbers may differ.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Market<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Move<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hang Seng index<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 1% early, then recovered<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Third day of gains per the headline; close not verified<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Shanghai Composite<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 1% early, near 3,760<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Recovered later per the headline<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">KOSPI (South Korea)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down as much as 7.4% to 5,914.35<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Lowest since late July; sidecar triggered<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nikkei 225 (Japan)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 2.5% to about 67,300<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">First session after Sports Day holiday<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Taiex (Taiwan)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 2.5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">TSMC down about 2%<\/td>\n<\/tr>\n<\/table>\n<p>In Seoul, Samsung Electronics closed down 7.39% at 232,000 won and SK Hynix fell 10.09% to 1.443 million won. In Tokyo, SoftBank Group fell more than 8%, Kioxia about 8.8% and Advantest about 7%, according to one report.<\/p>\n<p><strong>Data note:<\/strong> Reports differ on the size of the KOSPI fall (over 5% in one, 7% or 7.4% in others) because they were written at different times. The figures above are intraday readings.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track global market cues on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Hit_Asia_Chinese_Chipmakers_and_the_Tech_Sell-Off\"><\/span><strong>What Hit Asia: Chinese Chipmakers and the Tech Sell-Off<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The trigger was a report that ChangXin Memory Technologies (CXMT), China&#8217;s largest DRAM maker, has made progress on a next-generation 4F\u00b2 memory-cell design. The company plans server memory modules using the structure by year-end. That raised fears for Samsung and SK Hynix, which earn very high margins from memory.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Driver<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Chinese chipmakers<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">CXMT progress on 4F\u00b2 design and DDR5 server memory plans<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nvidia China sales<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IDC: 678,000 AI accelerators shipped to China in Jan to Jun, down 44% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">US tech<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">US tech stocks fell on Columbus Day; Nvidia, Micron and SanDisk were under pressure<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Macro<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Brent near $105 a barrel; US 10-year yield near 5.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Weaker buying<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Samsung buyback finished; SK Hynix programme nearly complete<\/td>\n<\/tr>\n<\/table>\n<p>One report notes that CXMT is not yet taking large-scale high-end share from Samsung or SK Hynix. The worry is about future pricing power, because more Chinese supply could erode the scarcity premium behind today&#8217;s memory margins.<\/p>\n<p><strong>Risk:<\/strong> A tech sell-off can spread quickly. The Hang Seng index recovered, but the recovery has not been tested by a fresh fall in US chip shares.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_the_Hang_Seng_Index_Recovered_AI_Valuations_Versus_Hong_Kong_Mix\"><\/span><strong>Why the Hang Seng Index Recovered: AI Valuations Versus Hong Kong Mix<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are asking who keeps the large AI-related profits if Chinese competition grows and expensive capital makes high valuations harder to defend. A strategist quoted by the Financial Times pointed to the boom and bust history of chipmakers. Yet demand for AI computing has not suddenly collapsed, according to one report.<\/p>\n<p>The Hang Seng index has a different mix from the KOSPI or Taiex. It holds banks, insurers, internet platforms and consumer names, so it is less tied to memory chip prices. That is a likely reason the Hang Seng index recovered, though I did not find a source that gives the exact stocks behind the rebound.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Hang Seng index<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Distance from 24,271.2 (12 Oct close)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Resistance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24,642 (28 Sep close)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.5% higher (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12 Oct close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24,271.2<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reference<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Support<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24,000 (round number)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.1% lower (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Support<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23,857 (early 5 Oct low)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.7% lower (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>On 12 October the Hang Seng index closed at 24,271.2, up 0.25%, while the Hang Seng Tech Index fell 0.67% to 4,169.57 and turnover was HK$162.632 billion. The resistance and support levels come from an earlier Univest market note dated 6 October, so they are reference points, not forecasts.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get market alerts and track global cues.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Could_Move_the_Hang_Seng_Index_Next\"><\/span><strong>What Could Move the Hang Seng Index Next<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>China and US September inflation data are due on Wednesday. A hot US reading could lift yields further, and the US 10-year yield is already near 5.2% in one report. Oil near $105 adds to the pressure.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Event<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">China September CPI (Wednesday)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Signals domestic demand and policy room<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">US September CPI (Wednesday)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Drives rate and yield expectations<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">US chip stock moves<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Direct driver of Asian tech sentiment<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">CXMT follow-up news<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tests the Chinese chipmakers story<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hang Seng Tech Index<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">It fell on 12 October while the main index rose<\/td>\n<\/tr>\n<\/table>\n<p><strong>Risk:<\/strong> Global events can reverse a gain in a day. The Hang Seng index extending gains for three days does not mean the move will continue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_Hang_Seng_Index\"><\/span><strong>What to Watch Next for the Hang Seng Index<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Hang Seng index close against the 24,642 resistance and 24,000 support<\/li>\n<li>Whether the Hang Seng Tech Index joins the recovery<\/li>\n<li>KOSPI and Taiex reaction at the next open after the tech sell-off<\/li>\n<li>China and US September CPI prints on Wednesday<\/li>\n<li>More news on CXMT and Chinese chipmakers<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Hang Seng index showed resilience by recovering from steep intraday losses and extending gains for a third day, even as the tech sell-off hit Korea, Japan and Taiwan. The causes were Chinese chipmaker competition and AI valuations, and the next test is Wednesday&#8217;s inflation data and US chip shares.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Hang_Seng_index_recover_from_intraday_losses\"><\/span><strong>Why did the Hang Seng index recover from intraday losses?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Hang Seng index has a mix of banks, insurers and internet stocks, so it is less tied to memory chips. I did not find a source naming the exact stocks behind the rebound.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_caused_the_tech_sell-off_in_Asia_on_13_October_2026\"><\/span><strong>What caused the tech sell-off in Asia on 13 October 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reports that ChangXin Memory Technologies advanced a 4F\u00b2 memory design raised fears about Samsung and SK Hynix, and weak US tech shares added to the tech sell-off.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_did_the_KOSPI_fall\"><\/span><strong>How much did the KOSPI fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The KOSPI fell as much as 7.4% to 5,914.35 intraday, its lowest since late July, and a five-minute sidecar was triggered.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_Samsung_and_SK_Hynix_do\"><\/span><strong>What did Samsung and SK Hynix do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Samsung Electronics closed down 7.39% at 232,000 won and SK Hynix fell 10.09% to 1.443 million won, according to Korea JoongAng Daily.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_the_Hang_Seng_index_close_on_12_October_2026\"><\/span><strong>What was the Hang Seng index close on 12 October 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Hang Seng index closed at 24,271.2, up 0.25%, and the Hang Seng Tech Index fell 0.67% to 4,169.57.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_Chinese_chipmakers_a_threat_to_Samsung_and_SK_Hynix\"><\/span><strong>Are Chinese chipmakers a threat to Samsung and SK Hynix?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> One report says CXMT is not yet taking large-scale high-end share. The worry is future pricing power if Chinese supply grows.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_AI_valuations_concerns\"><\/span><strong>What are the AI valuations concerns?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors question who keeps AI-linked profits if competition rises and costly capital makes high valuations hard to justify, while AI demand itself has not collapsed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_investors_watch_next\"><\/span><strong>What should investors watch next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Watch China and US September CPI on Wednesday, US chip shares and the Hang Seng index against 24,642 and 24,000. This is not investment advice.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did the Hang Seng index recover from intraday losses?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Hang Seng index has a mix of banks, insurers and internet stocks, so it is less tied to memory chips. 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See the drivers, levels and next triggers.<\/p>\n","protected":false},"author":35,"featured_media":306062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[5423,8913,11894,11530,11895],"class_list":["post-306063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-global-markets","tag-hang-seng-index","tag-hong-kong-stock-market","tag-kospi","tag-tech-sell-off"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["306062"],"rank_math_title":["Hang Seng Index Extends Gains 3rd Day: What Gave the Boost?"],"rank_math_description":["Hang Seng index recovered from steep intraday losses and extended gains for a third day while Asian tech fell. See what drove it, key levels and what to watch next."],"rank_math_focus_keyword":["Hang Seng index"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/hong-kong-stock-market-hang-seng-index-recovers-from-intraday-losses-extends.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/306063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=306063"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/306063\/revisions"}],"predecessor-version":[{"id":306064,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/306063\/revisions\/306064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/306062"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=306063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=306063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=306063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}